Dec, 31, 2023 — POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $21.68 million in total assets. Opened 93 years ago in 1931, POSTAL CREDIT UNION has about 2,175 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POSTAL CREDIT UNION |
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Address: (Main Office) | 510 N 6th St BATON ROUGE, LA 70802-5405 |
Phone: | (225) 383-4109 |
Fax: | (225) 383-7063 |
Website: | https://www.brlapcu.com |
Branches: | 2 branch locations |
Members: | 2,175 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62148 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,684,309 |
CEO/Manager: | Tynita K Howard |
Chairperson: | GWENDOLYN STEVENSON |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,644,620 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,010,752 |
Unsecured Loans | 797,271 |
Other Loans | 4,549,547 |
TOTAL LOANS | 12,357,569 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,966 |
Land And Building | 627,599 |
Other Fixed Assets | 10,202 |
NCUSIF Deposit | 187,036 |
All Other Assets | 0 |
TOTAL ASSETS | 21,684,309 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 233,305 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,028,480 |
Regular shares | 13,628,976 |
All Other Shares & Deposits | 1,166,198 |
TOTAL SHARES & DEPOSITS | 16,823,654 |
TOTAL LIABILITIES | 17,056,959 |
Regular Reserve | 0 |
Other Reserves | 2,700,125 |
Undivided Earnings | 1,927,225 |
TOTAL EQUITY | 4,627,350 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,684,309 |
INCOME & EXPENSE | |
Loan Income | 645,477 |
Investment Income | 155,462 |
Other Income | 123,679 |
Total Employee Compensation & Benefits | 430,100 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 508,058 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 18,477 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -49,265 |
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