Jun, 30, 2024 — WATERTOWN POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, NY with 1 branch location and about $8.69 million in total assets. Opened 76 years ago in 1949, WATERTOWN POSTAL FEDERAL CREDIT UNION has about 555 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: | WATERTOWN POSTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 232 COMMERCE PARK DR WATERTOWN, NY 13601 |
| Phone: | (315) 788-4163 |
| Fax: | (315) 786-1563 |
| Website: | https://watertownpostalfcu.org |
| Branches: | 1 branch locations |
| Members: | 555 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6112 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,692,819 |
| CEO/Manager: | KELLY A DONNELLY |
| Chairperson: | RICHARD A DAVIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 710,910 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 400,149 |
| Other Loans | 2,326,237 |
| TOTAL LOANS | 2,726,386 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,579 |
| Land And Building | 0 |
| Other Fixed Assets | 5,040 |
| NCUSIF Deposit | 79,606 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,692,819 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 76,083 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,771,412 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,771,412 |
| TOTAL LIABILITIES | 7,847,495 |
| Regular Reserve | 0 |
| Other Reserves | 173,488 |
| Undivided Earnings | 671,836 |
| TOTAL EQUITY | 845,324 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,692,819 |
| INCOME & EXPENSE | |
| Loan Income | 75,792 |
| Investment Income | 20,037 |
| Other Income | 1,827 |
| Total Employee Compensation & Benefits | 40,182 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,685 |
| Non-operating Income & (Expense) | 8,276 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 28,017 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 824 |
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