Dec, 31, 2023 — NORWALK POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORWALK, CT with 1 branch location and about $436,198 in total assets. Opened 66 years ago in 1958, NORWALK POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 290 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORWALK POSTAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Sherry St NORWALK, CT 06851 |
| Phone: | (203) 354-2670 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 290 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12375 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jan 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $436,198 |
| CEO/Manager: | Susan Bennett |
| Chairperson: | Smith A Payne Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,873 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 134,091 |
| Other Loans | 256,889 |
| TOTAL LOANS | 390,980 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,534 |
| Land And Building | 126 |
| Other Fixed Assets | 14,737 |
| NCUSIF Deposit | 4,261 |
| All Other Assets | 0 |
| TOTAL ASSETS | 436,198 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -4,156 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 360,379 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 360,379 |
| TOTAL LIABILITIES | 356,223 |
| Regular Reserve | 0 |
| Other Reserves | 36,424 |
| Undivided Earnings | 43,551 |
| TOTAL EQUITY | 79,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 436,198 |
| INCOME & EXPENSE | |
| Loan Income | 24,966 |
| Investment Income | 749 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 19,200 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,672 |
| Non-operating Income & (Expense) | 1,019 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,534 |
| Cost of Funds | 1,098 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,770 |
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