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National Credit Union Service Organization

LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CIT, NY with 1 branch location and about $2.46 million in total assets. Opened 86 years ago in 1935, LONG ISLAND CITY POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 244 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)
PO BOX 1221
LONG ISLAND CIT, NY 11101-7848
Phone:(718) 786-3991
Fax:(718) 786-3991
Website:n/a
Branches:1 branch locations
Members:244
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,461,263
CEO/Manager:COLLEEN A PAOLICELLI
Chairperson:DANIEL URQUHART

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 559,916
TOTAL INVESTMENTS 1,834,253
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 46,403
 Other Loans 0
 TOTAL LOANS 46,403
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,072
 Land And Building 0
 Other Fixed Assets 680
 NCUSIF Deposit 19,387
 All Other Assets 12,696
  TOTAL ASSETS 2,461,263
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,069
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,860,132
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,860,132
  TOTAL LIABILITIES 1,863,201
 Regular Reserve 143,868
 Other Reserves 0
 Undivided Earnings 454,194
  TOTAL EQUITY 598,062
  TOTAL LIABILITIES, SHARES, & EQUITY 2,461,263
INCOME & EXPENSE  
 Loan Income 3,252
 Investment Income 19,705
 Other Income 274
 Total Employee Compensation & Benefits 19,544
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,626
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,805
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,744
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