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National Credit Union Service Organization

PASADENA POSTAL CREDIT UNION

Jun, 30, 2023 — PASADENA POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in PASADENA, TX with 1 branch location and about $3.25 million in total assets. Opened 58 years ago in 1966, PASADENA POSTAL CREDIT UNION has about 388 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PASADENA POSTAL CREDIT UNION
Address:
(Main Office)
1199 Pasadena Blvd
PASADENA, TX 77501
Phone:(713) 473-9349
Fax:
Website:https://www.prioritypostalcu.com
Branches:1 branch locations
Members:388
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67476
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1966
Last Audited:Feb 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$3,253,727
CEO/Manager:Margot Melendez
Chairperson:Nick Perez

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 672,008
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 435,798
 Other Loans 2,112,758
 TOTAL LOANS 2,548,556
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,338
 Land And Building 0
 Other Fixed Assets 901
 NCUSIF Deposit 33,326
 All Other Assets 0
  TOTAL ASSETS 3,253,727
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,326
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,766,152
 All Other Shares & Deposits 1,052,952
  TOTAL SHARES & DEPOSITS 2,819,104
  TOTAL LIABILITIES 2,836,430
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 417,297
  TOTAL EQUITY 417,297
  TOTAL LIABILITIES, SHARES, & EQUITY 3,253,727
INCOME & EXPENSE  
 Loan Income 159,726
 Investment Income 1,653
 Other Income 13,930
 Total Employee Compensation & Benefits 87,788
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 59,590
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,764
 Cost of Funds 9,342
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,917
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