Dec, 31, 2023 — POSTAL FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in FARGO, ND with 2 branch locations and about $27.10 million in total assets. Opened 88 years ago in 1936, POSTAL FAMILY FEDERAL CREDIT UNION has about 2,322 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: | POSTAL FAMILY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 2730 12TH AVE S FARGO, ND 58103 |
Phone: | (701) 232-6910 |
Fax: | (701) 232-1217 |
Website: | https://www.postalfamilyfcu.com |
Branches: | 2 branch locations |
Members: | 2,322 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 951 |
---|---|
Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $27,101,941 |
CEO/Manager: | Karen A Andersen |
Chairperson: | Renae Ingersoll |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 3,906,251 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 708,262 |
Unsecured Loans | 990,511 |
Other Loans | 9,375,606 |
TOTAL LOANS | 11,074,379 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,682 |
Land And Building | 205,357 |
Other Fixed Assets | 13,742 |
NCUSIF Deposit | 242,305 |
All Other Assets | 0 |
TOTAL ASSETS | 27,101,941 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 48,700 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,336,599 |
Regular shares | 8,679,373 |
All Other Shares & Deposits | 10,413,387 |
TOTAL SHARES & DEPOSITS | 24,429,359 |
TOTAL LIABILITIES | 24,478,059 |
Regular Reserve | 0 |
Other Reserves | 335,915 |
Undivided Earnings | 2,287,967 |
TOTAL EQUITY | 2,623,882 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,101,941 |
INCOME & EXPENSE | |
Loan Income | 598,652 |
Investment Income | 456,219 |
Other Income | 223,768 |
Total Employee Compensation & Benefits | 463,780 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 445,585 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,286 |
Cost of Funds | 72,869 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 331,572 |
↑ Back to Top |