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PACIFIC POSTAL CREDIT UNION

Dec, 31, 2021 — PACIFIC POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $255.57 million in total assets. Opened 91 years ago in 1931, PACIFIC POSTAL CREDIT UNION has about 13,707 members and employs 33 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:http://www.ppcu.org
Branches:4 branch locations
Members:13,707
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:No
Low Income Designation:No
Assets:$255,571,467
CEO/Manager:Fardad Khosravi
Chairperson:Richard Silveria

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,320,725
TOTAL INVESTMENTS 136,286,115
Loans Held for Sale 0
 
 Real Estate Loans 52,257,698
 Unsecured Loans 13,423,203
 Other Loans 22,218,799
 TOTAL LOANS 87,899,700
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -463,447
 Land And Building 180,506
 Other Fixed Assets 79,296
 NCUSIF Deposit 2,003,541
 All Other Assets 13,265,031
  TOTAL ASSETS 255,571,467
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,910,446
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 32,727,278
 Regular shares 97,944,999
 All Other Shares & Deposits 87,127,528
  TOTAL SHARES & DEPOSITS 217,799,805
  TOTAL LIABILITIES 219,710,251
 Regular Reserve 2,447,647
 Other Reserves -209,700
 Undivided Earnings 33,623,269
  TOTAL EQUITY 35,861,216
  TOTAL LIABILITIES, SHARES, & EQUITY 255,571,467
INCOME & EXPENSE  
 Loan Income 3,875,205
 Investment Income 1,687,020
 Other Income 585,983
 Total Employee Compensation & Benefits 3,236,569
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,293,333
 Non-operating Income & (Expense) 714,132
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 83,500
 Cost of Funds 448,633
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 799,806
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