Dec, 31, 2023 — SAVANNAH POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAVANNAH, GA with 1 branch location and about $24.80 million in total assets. Opened 33 years ago in 1991, SAVANNAH POSTAL CREDIT UNION has about 2,076 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAVANNAH POSTAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22 Oglethorpe Professional Blvd SAVANNAH, GA 31406 |
| Phone: | (912) 691-2087 |
| Fax: | (912) 351-9120 |
| Website: | https://savannahpostalcu.com |
| Branches: | 1 branch locations |
| Members: | 2,076 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67364 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,797,171 |
| CEO/Manager: | Nichole Williams |
| Chairperson: | David E Usher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,210,965 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,981,229 |
| Unsecured Loans | 1,610,992 |
| Other Loans | 7,732,876 |
| TOTAL LOANS | 11,325,097 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,476 |
| Land And Building | 426,567 |
| Other Fixed Assets | 32,615 |
| NCUSIF Deposit | 221,270 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,797,171 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 474,800 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,555,010 |
| Regular shares | 13,002,287 |
| All Other Shares & Deposits | 3,475,886 |
| TOTAL SHARES & DEPOSITS | 21,033,183 |
| TOTAL LIABILITIES | 21,507,983 |
| Regular Reserve | 0 |
| Other Reserves | 653,708 |
| Undivided Earnings | 2,635,480 |
| TOTAL EQUITY | 3,289,188 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,797,171 |
| INCOME & EXPENSE | |
| Loan Income | 701,259 |
| Investment Income | 467,494 |
| Other Income | 306,387 |
| Total Employee Compensation & Benefits | 448,064 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 564,906 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,543 |
| Cost of Funds | 33,007 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 371,290 |
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