Jun, 30, 2024 — PACIFIC POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $249.18 million in total assets. Opened 93 years ago in 1931, PACIFIC POSTAL CREDIT UNION has about 13,738 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PACIFIC POSTAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1040 Leigh Ave SAN JOSE, CA 95126 |
| Phone: | (408) 275-8595 |
| Fax: | (408) 275-6870 |
| Website: | https://www.ppcu.org |
| Branches: | 4 branch locations |
| Members: | 13,738 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64835 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $249,177,646 |
| CEO/Manager: | Fardad Khosravi |
| Chairperson: | Richard Silveria |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,963,155 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,796,296 |
| Unsecured Loans | 18,147,510 |
| Other Loans | 25,491,745 |
| TOTAL LOANS | 99,435,551 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -627,645 |
| Land And Building | 150,946 |
| Other Fixed Assets | 89,725 |
| NCUSIF Deposit | 2,012,894 |
| All Other Assets | 2,957 |
| TOTAL ASSETS | 249,177,646 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,450,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,130,948 |
| Regular shares | 95,832,049 |
| All Other Shares & Deposits | 82,872,650 |
| TOTAL SHARES & DEPOSITS | 217,835,647 |
| TOTAL LIABILITIES | 219,286,389 |
| Regular Reserve | 0 |
| Other Reserves | -4,206,979 |
| Undivided Earnings | 34,098,236 |
| TOTAL EQUITY | 29,891,257 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 249,177,646 |
| INCOME & EXPENSE | |
| Loan Income | 3,175,368 |
| Investment Income | 1,352,650 |
| Other Income | 459,162 |
| Total Employee Compensation & Benefits | 2,471,851 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,800,313 |
| Non-operating Income & (Expense) | 499,166 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 500,500 |
| Cost of Funds | 238,715 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 474,967 |
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