Dec, 31, 2023 — ANN ARBOR POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in MILAN, MI with 1 branch location and about $632,755 in total assets. Opened 73 years ago in 1951, ANN ARBOR POSTAL FEDERAL CREDIT UNION has about 110 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ANN ARBOR POSTAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 18459 Redman Rd MILAN, MI 48160 |
Phone: | (734) 439-3075 |
Fax: | (734) 439-3411 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 110 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7126 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $632,755 |
CEO/Manager: | James E Sadler |
Chairperson: | Jackie J Sadler |
ASSETS: | $ Amount |
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Cash & Equivalents | 112,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 40,737 |
Other Loans | 371,232 |
TOTAL LOANS | 411,968 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,953 |
Land And Building | 0 |
Other Fixed Assets | 442 |
NCUSIF Deposit | 4,009 |
All Other Assets | 0 |
TOTAL ASSETS | 632,755 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 208 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 287,680 |
All Other Shares & Deposits | 26,919 |
TOTAL SHARES & DEPOSITS | 314,599 |
TOTAL LIABILITIES | 314,839 |
Regular Reserve | 0 |
Other Reserves | 194,106 |
Undivided Earnings | 123,810 |
TOTAL EQUITY | 317,916 |
TOTAL LIABILITIES, SHARES, & EQUITY | 632,755 |
INCOME & EXPENSE | |
Loan Income | 19,983 |
Investment Income | 6,000 |
Other Income | 425 |
Total Employee Compensation & Benefits | 8,724 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,506 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 911 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,267 |
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» See also Statement of Financial Condition