Jun, 30, 2024 — POST OFFICE CREDIT UNION OF MARYLAND, INC is a non-federally insured state credit union headquartered in BALTIMORE, MD with 1 branch location and about $33.20 million in total assets. Opened 2024 years ago in 0, POST OFFICE CREDIT UNION OF MARYLAND, INC has about 2,431 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: | POST OFFICE CREDIT UNION OF MARYLAND, INC |
|---|---|
| Address: (Main Office) | 900 E Fayette St Rm 606 BALTIMORE, MD 21233-1050 |
| Phone: | (410) 727-5469 |
| Fax: | (410) 727-0929 |
| Website: | https://www.pocumd.org |
| Branches: | 1 branch locations |
| Members: | 2,431 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95742 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,204,701 |
| CEO/Manager: | Joseph Amellio |
| Chairperson: | Ronald W Bailey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 687,290 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,199 |
| Unsecured Loans | 994,881 |
| Other Loans | 5,016,614 |
| TOTAL LOANS | 6,018,694 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,201 |
| Land And Building | 0 |
| Other Fixed Assets | 22,722 |
| NCUSIF Deposit | 0 |
| All Other Assets | 7,548 |
| TOTAL ASSETS | 33,204,701 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 234,530 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 299,673 |
| Regular shares | 15,489,877 |
| All Other Shares & Deposits | 9,181,253 |
| TOTAL SHARES & DEPOSITS | 24,970,803 |
| TOTAL LIABILITIES | 25,205,333 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,999,368 |
| TOTAL EQUITY | 7,999,368 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,204,701 |
| INCOME & EXPENSE | |
| Loan Income | 244,326 |
| Investment Income | 87,338 |
| Other Income | 77,415 |
| Total Employee Compensation & Benefits | 308,510 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 343,806 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,200 |
| Cost of Funds | 76,596 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -280,525 |
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