Mar, 31, 2021 — POST OFFICE EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in METAIRIE, LA with 4 branch locations and about $48.25 million in total assets. Opened 97 years ago in 1924, POST OFFICE EMPLOYEES' CREDIT UNION has about 4,689 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POST OFFICE EMPLOYEES' CREDIT UNION |
|---|---|
| Address: (Main Office) | 4624 W NAPOLEON AVE METAIRIE, LA 70001-2492 |
| Phone: | (504) 885-6871 |
| Fax: | (504) 885-2012 |
| Website: | http://www.poecu.org |
| Branches: | 4 branch locations |
| Members: | 4,689 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63069 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1924 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,250,669 |
| CEO/Manager: | Michelle C Duhe |
| Chairperson: | Sidney A Parfait |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,421,352 |
| TOTAL INVESTMENTS | 18,164,843 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,022,263 |
| Unsecured Loans | 4,032,308 |
| Other Loans | 6,773,490 |
| TOTAL LOANS | 22,953,320 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -233,466 |
| Land And Building | 618,105 |
| Other Fixed Assets | 51,275 |
| NCUSIF Deposit | 398,096 |
| All Other Assets | 877,144 |
| TOTAL ASSETS | 48,250,669 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,411 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 230,170 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,514,480 |
| Regular shares | 32,004,268 |
| All Other Shares & Deposits | 2,477,749 |
| TOTAL SHARES & DEPOSITS | 42,996,497 |
| TOTAL LIABILITIES | 43,232,078 |
| Regular Reserve | 2,391,808 |
| Other Reserves | -92,454 |
| Undivided Earnings | 2,719,237 |
| TOTAL EQUITY | 5,018,591 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,250,669 |
| INCOME & EXPENSE | |
| Loan Income | 326,598 |
| Investment Income | 43,244 |
| Other Income | 91,166 |
| Total Employee Compensation & Benefits | 242,527 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 238,722 |
| Non-operating Income & (Expense) | 118,505 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 500 |
| Cost of Funds | 22,965 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 129,013 |
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