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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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