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National Credit Union Service Organization

POST OFFICE EMPLOYEES' CREDIT UNION

Jun, 30, 2021 — POST OFFICE EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in METAIRIE, LA with 4 branch locations and about $48.85 million in total assets. Opened 97 years ago in 1924, POST OFFICE EMPLOYEES' CREDIT UNION has about 4,668 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:4,668
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:$48,846,011
CEO/Manager:Michelle C Duhe
Chairperson:Sidney A Parfait

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,363,600
TOTAL INVESTMENTS 19,695,827
Loans Held for Sale 0
 
 Real Estate Loans 11,439,865
 Unsecured Loans 4,075,409
 Other Loans 7,237,535
 TOTAL LOANS 22,875,189
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -233,262
 Land And Building 649,650
 Other Fixed Assets 27,079
 NCUSIF Deposit 398,096
 All Other Assets 1,069,832
  TOTAL ASSETS 48,846,011
LIABILITIES & CAPITAL:  
 Dividends Payable 5,097
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 253,912
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,451,787
 Regular shares 32,439,486
 All Other Shares & Deposits 2,694,189
  TOTAL SHARES & DEPOSITS 43,585,462
  TOTAL LIABILITIES 43,844,471
 Regular Reserve 2,391,808
 Other Reserves -98,833
 Undivided Earnings 2,708,565
  TOTAL EQUITY 5,001,540
  TOTAL LIABILITIES, SHARES, & EQUITY 48,846,011
INCOME & EXPENSE  
 Loan Income 650,362
 Investment Income 85,979
 Other Income 173,846
 Total Employee Compensation & Benefits 502,017
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 482,972
 Non-operating Income & (Expense) 123,755
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 500
 Cost of Funds 46,889
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 118,341
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