Sep, 30, 2025 — MIAMI POSTAL SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in MIAMI, FL with 3 branch locations and about $191.31 million in total assets. Opened 35 years ago in 1991, MIAMI POSTAL SERVICE CREDIT UNION has about 13,063 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIAMI POSTAL SERVICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2190 NW 72nd Ave MIAMI, FL 33122-1824 |
| Phone: | (305) 592-7733 |
| Fax: | (305) 716-8347 |
| Website: | https://www.mpscu.org |
| Branches: | 3 branch locations |
| Members: | 13,063 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67330 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $191,305,076 |
| CEO/Manager: | Michele Paramore |
| Chairperson: | Ann Strickland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,154,887 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,358,310 |
| Unsecured Loans | 5,837,865 |
| Other Loans | 79,379,998 |
| TOTAL LOANS | 116,576,173 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -867,022 |
| Land And Building | 29,213 |
| Other Fixed Assets | 648,090 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,495,399 |
| All Other Assets | 274,604 |
| TOTAL ASSETS | 191,305,076 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,228,168 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,199,964 |
| Regular shares | 79,024,959 |
| All Other Shares & Deposits | 67,342,698 |
| TOTAL SHARES & DEPOSITS | 171,567,621 |
| TOTAL LIABILITIES | 174,795,789 |
| Regular Reserve | 0 |
| Other Reserves | -1,218,079 |
| Undivided Earnings | 17,727,366 |
| TOTAL EQUITY | 16,509,287 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 191,305,076 |
| INCOME & EXPENSE | |
| Loan Income | 5,489,887 |
| Investment Income | 1,307,288 |
| Other Income | 1,043,645 |
| Total Employee Compensation & Benefits | 2,375,740 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,934,386 |
| Non-operating Income & (Expense) | -466,814 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,574,700 |
| Cost of Funds | 1,872,609 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,850,603 |
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