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PACIFIC POSTAL CREDIT UNION

Dec, 31, 2020 — PACIFIC POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $243.28 million in total assets. Opened 90 years ago in 1931, PACIFIC POSTAL CREDIT UNION has about 13,795 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:13,795
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$243,282,825
CEO/Manager:Fardad Khosravi
Chairperson:Robert Scaletta

Call Report

  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 19,833,455
TOTAL INVESTMENTS 129,876,546
Loans Held for Sale 0
 
 Real Estate Loans 47,263,045
 Unsecured Loans 12,085,398
 Other Loans 20,855,855
 TOTAL LOANS 80,204,298
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -632,172
 Land And Building 238,787
 Other Fixed Assets 126,516
 NCUSIF Deposit 1,860,234
 All Other Assets 11,775,161
  TOTAL ASSETS 243,282,825
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,130,341
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 31,573,466
 Regular shares 88,115,546
 All Other Shares & Deposits 86,780,020
  TOTAL SHARES & DEPOSITS 206,469,032
  TOTAL LIABILITIES 207,599,373
 Regular Reserve 2,447,647
 Other Reserves 412,342
 Undivided Earnings 32,823,463
  TOTAL EQUITY 35,683,452
  TOTAL LIABILITIES, SHARES, & EQUITY 243,282,825
INCOME & EXPENSE  
 Loan Income 3,866,697
 Investment Income 2,394,245
 Other Income 570,365
 Total Employee Compensation & Benefits 3,073,741
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,136,601
 Non-operating Income & (Expense) 647,083
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 509,100
 Cost of Funds 889,538
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 869,410
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