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QUAD CITIES POSTAL CREDIT UNION

Dec, 31, 2023 — QUAD CITIES POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in Moline, IL with 1 branch location and about $8.22 million in total assets. Opened 86 years ago in 1938, QUAD CITIES POSTAL CREDIT UNION has about 710 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:QUAD CITIES POSTAL CREDIT UNION
Address:
(Main Office)
4502 27th St
Moline, IL 61265-6311
Phone:(309) 797-1414
Fax:(309) 797-9884
Website:https://www.qcpcu.com
Branches:1 branch locations
Members:710
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60535
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1938
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,216,000
CEO/Manager:Seth J Guss-Bell
Chairperson:Ronald Stagg

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,960,366
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,192,545
 Unsecured Loans 527,961
 Other Loans 1,232,090
 TOTAL LOANS 2,952,596
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,992
 Land And Building 263,914
 Other Fixed Assets 46,737
 NCUSIF Deposit 75,798
 All Other Assets 0
  TOTAL ASSETS 8,216,000
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 42,334
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,161,330
 Regular shares 4,242,091
 All Other Shares & Deposits 1,415,176
  TOTAL SHARES & DEPOSITS 7,818,597
  TOTAL LIABILITIES 7,860,931
 Regular Reserve 0
 Other Reserves 152,499
 Undivided Earnings 202,570
  TOTAL EQUITY 355,069
  TOTAL LIABILITIES, SHARES, & EQUITY 8,216,000
INCOME & EXPENSE  
 Loan Income 156,776
 Investment Income 24,697
 Other Income 39,794
 Total Employee Compensation & Benefits 88,440
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 382,223
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,626
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -235,657
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