Jun, 30, 2021 — MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Red Bank, NJ with 1 branch location and about $25.44 million in total assets. Opened 93 years ago in 1928, MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION has about 1,186 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: | MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 518 Red Bank, NJ 07701 |
| Phone: | (732) 219-0009 |
| Fax: | (732) 219-5269 |
| Website: | http://www.monmouthpostalcu.org |
| Branches: | 1 branch locations |
| Members: | 1,186 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61872 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | May 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,444,786 |
| CEO/Manager: | Catherine J Costa |
| Chairperson: | Raymond Hempsted |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,913,094 |
| TOTAL INVESTMENTS | 18,046,373 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,616,727 |
| Unsecured Loans | 696,285 |
| Other Loans | 814,059 |
| TOTAL LOANS | 4,127,071 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,324 |
| Land And Building | 180,913 |
| Other Fixed Assets | 2,990 |
| NCUSIF Deposit | 193,675 |
| All Other Assets | 35,994 |
| TOTAL ASSETS | 25,444,786 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,129 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 453,801 |
| Regular shares | 19,281,310 |
| All Other Shares & Deposits | 964,781 |
| TOTAL SHARES & DEPOSITS | 20,699,892 |
| TOTAL LIABILITIES | 20,713,021 |
| Regular Reserve | 662,858 |
| Other Reserves | -3,190 |
| Undivided Earnings | 4,072,097 |
| TOTAL EQUITY | 4,731,765 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,444,786 |
| INCOME & EXPENSE | |
| Loan Income | 99,738 |
| Investment Income | 92,038 |
| Other Income | 3,034 |
| Total Employee Compensation & Benefits | 91,496 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 142,779 |
| Non-operating Income & (Expense) | 9,160 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,308 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,539 |
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