Dec, 31, 2023 — CORPUS CHRISTI POSTAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 1 branch location and about $15.55 million in total assets. Opened 93 years ago in 1931, CORPUS CHRISTI POSTAL EMPLOYEES CREDIT UNION has about 1,830 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: | CORPUS CHRISTI POSTAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 808 Nueces Bay Blvd CORPUS CHRISTI, TX 78408 |
| Phone: | (361) 888-5871 |
| Fax: | (361) 888-4320 |
| Website: | https://ccpecu.com |
| Branches: | 1 branch locations |
| Members: | 1,830 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67963 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,546,875 |
| CEO/Manager: | Elma Schwing |
| Chairperson: | Edward O Torres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,651,371 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 443,565 |
| Other Loans | 7,539,224 |
| TOTAL LOANS | 7,982,789 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,474 |
| Land And Building | 48,612 |
| Other Fixed Assets | 34 |
| NCUSIF Deposit | 132,964 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,546,875 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 166,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,916,680 |
| Regular shares | 9,249,839 |
| All Other Shares & Deposits | 1,097,308 |
| TOTAL SHARES & DEPOSITS | 13,263,827 |
| TOTAL LIABILITIES | 13,430,131 |
| Regular Reserve | 0 |
| Other Reserves | -675,477 |
| Undivided Earnings | 2,792,221 |
| TOTAL EQUITY | 2,116,744 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,546,875 |
| INCOME & EXPENSE | |
| Loan Income | 562,549 |
| Investment Income | 231,287 |
| Other Income | 83,433 |
| Total Employee Compensation & Benefits | 349,908 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 308,984 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 50,043 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 275,687 |
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