Jun, 30, 2024 — POST OFFICE EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in METAIRIE, LA with 3 branch locations and about $53.23 million in total assets. Opened 101 years ago in 1924, POST OFFICE EMPLOYEES' CREDIT UNION has about 4,610 members and employs 14 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: | https://www.poecu.org |
| Branches: | 3 branch locations |
| Members: | 4,610 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,227,848 |
| CEO/Manager: | Michelle C Duhe |
| Chairperson: | Sidney A Parfait |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,435,082 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,557,140 |
| Unsecured Loans | 4,118,481 |
| Other Loans | 8,746,411 |
| TOTAL LOANS | 25,529,410 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -200,300 |
| Land And Building | 615,401 |
| Other Fixed Assets | 30,894 |
| NCUSIF Deposit | 469,987 |
| All Other Assets | 0 |
| TOTAL ASSETS | 53,227,848 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,584 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 418,614 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,476,508 |
| Regular shares | 35,192,842 |
| All Other Shares & Deposits | 3,274,679 |
| TOTAL SHARES & DEPOSITS | 47,944,029 |
| TOTAL LIABILITIES | 48,367,227 |
| Regular Reserve | 0 |
| Other Reserves | 2,090,409 |
| Undivided Earnings | 2,770,212 |
| TOTAL EQUITY | 4,860,621 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,227,848 |
| INCOME & EXPENSE | |
| Loan Income | 963,645 |
| Investment Income | 180,075 |
| Other Income | 386,550 |
| Total Employee Compensation & Benefits | 698,432 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,014,984 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 37,793 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -133,817 |
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