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 |
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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 |
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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 |
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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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