Sep, 30, 2022 — MOBILE POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 1 branch location and about $18.44 million in total assets. Opened 74 years ago in 1949, MOBILE POSTAL CREDIT UNION has about 1,841 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOBILE POSTAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 Downtowner Loop W MOBILE, AL 36609-5519 |
| Phone: | (251) 342-1472 |
| Fax: | (251) 342-0119 |
| Website: | www.mobilepostalcu.com |
| Branches: | 1 branch locations |
| Members: | 1,841 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62471 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,443,024 |
| CEO/Manager: | JOYCE R HARRISON |
| Chairperson: | Ken George |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,102,000 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,553,211 |
| Unsecured Loans | 1,626,760 |
| Other Loans | 6,176,029 |
| TOTAL LOANS | 9,356,000 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,579 |
| Land And Building | 177,529 |
| Other Fixed Assets | 10,059 |
| NCUSIF Deposit | 143,579 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,443,024 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,918 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,072,851 |
| Regular shares | 7,343,026 |
| All Other Shares & Deposits | 6,750,636 |
| TOTAL SHARES & DEPOSITS | 16,166,513 |
| TOTAL LIABILITIES | 16,261,431 |
| Regular Reserve | 0 |
| Other Reserves | 459,683 |
| Undivided Earnings | 1,721,910 |
| TOTAL EQUITY | 2,181,593 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,443,024 |
| INCOME & EXPENSE | |
| Loan Income | 499,270 |
| Investment Income | 27,264 |
| Other Income | 125,857 |
| Total Employee Compensation & Benefits | 198,168 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 203,652 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,000 |
| Cost of Funds | 110,307 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 122,264 |
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