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National Credit Union Service Organization

LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 1 branch location and about $2.21 million in total assets. Opened 89 years ago in 1935, LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 223 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
4602 21st ST
LONG ISLAND CITY, NY 11101-7848
Phone:(718) 786-3991
Fax:(718) 786-3991
Website:n/a
Branches:1 branch locations
Members:223
Credit Union Type:Federal Credit Union
Charter Number:75
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$2,213,581
CEO/Manager:COLLEEN A PAOLICELLI
Chairperson:DANIEL URQUHART

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 186,525
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 49,066
 Other Loans 0
 TOTAL LOANS 49,066
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,072
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 16,971
 All Other Assets 0
  TOTAL ASSETS 2,213,581
LIABILITIES & CAPITAL:  
 Dividends Payable 898
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,701
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,632,017
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,632,017
  TOTAL LIABILITIES 1,636,616
 Regular Reserve 0
 Other Reserves 143,868
 Undivided Earnings 433,097
  TOTAL EQUITY 576,965
  TOTAL LIABILITIES, SHARES, & EQUITY 2,213,581
INCOME & EXPENSE  
 Loan Income 4,984
 Investment Income 18,585
 Other Income 315
 Total Employee Compensation & Benefits 21,742
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,759
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,565
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,877
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