Dec, 31, 2022 — POSTAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in TRENTON, NJ with 1 branch location and about $40.22 million in total assets. Opened 95 years ago in 1928, POSTAL EMPLOYEES CREDIT UNION has about 2,129 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POSTAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 4248 S Broad St TRENTON, NJ 08620-2105 |
| Phone: | (609) 585-4334 |
| Fax: | (609) 585-3514 |
| Website: | https://www.pecu24.org |
| Branches: | 1 branch locations |
| Members: | 2,129 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64882 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,220,155 |
| CEO/Manager: | Darryl Belinski |
| Chairperson: | Joann Bowen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,336,528 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,143,289 |
| Unsecured Loans | 2,433,540 |
| Other Loans | 7,468,984 |
| TOTAL LOANS | 13,045,813 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,775 |
| Land And Building | 765,918 |
| Other Fixed Assets | 164,331 |
| NCUSIF Deposit | 337,065 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,220,155 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35,699 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,173,197 |
| Regular shares | 20,118,636 |
| All Other Shares & Deposits | 10,954,652 |
| TOTAL SHARES & DEPOSITS | 34,246,485 |
| TOTAL LIABILITIES | 34,289,041 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,931,114 |
| TOTAL EQUITY | 5,931,114 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,220,155 |
| INCOME & EXPENSE | |
| Loan Income | 473,290 |
| Investment Income | 161,322 |
| Other Income | 49,118 |
| Total Employee Compensation & Benefits | 312,430 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 274,888 |
| Non-operating Income & (Expense) | 4,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,780 |
| Cost of Funds | 101,681 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -60,849 |
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