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PACIFIC POSTAL CREDIT UNION

Jun, 30, 2021 — PACIFIC POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $254.34 million in total assets. Opened 90 years ago in 1931, PACIFIC POSTAL CREDIT UNION has about 13,755 members and employs 34 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:13,755
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:$254,340,140
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 26,728,563
TOTAL INVESTMENTS 127,150,180
Loans Held for Sale 0
 
 Real Estate Loans 51,971,895
 Unsecured Loans 13,506,794
 Other Loans 21,637,541
 TOTAL LOANS 87,116,230
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -478,339
 Land And Building 209,645
 Other Fixed Assets 120,940
 NCUSIF Deposit 1,927,679
 All Other Assets 11,565,242
  TOTAL ASSETS 254,340,140
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,311,574
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,290,209
 Regular shares 93,601,083
 All Other Shares & Deposits 87,408,801
  TOTAL SHARES & DEPOSITS 216,300,093
  TOTAL LIABILITIES 217,611,667
 Regular Reserve 2,447,647
 Other Reserves 1,027,791
 Undivided Earnings 33,253,035
  TOTAL EQUITY 36,728,473
  TOTAL LIABILITIES, SHARES, & EQUITY 254,340,140
INCOME & EXPENSE  
 Loan Income 1,888,821
 Investment Income 848,567
 Other Income 286,415
 Total Employee Compensation & Benefits 1,644,350
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,124,379
 Non-operating Income & (Expense) 341,347
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -87,500
 Cost of Funds 259,454
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 429,571
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