Dec, 31, 2023 — WATERTOWN POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, NY with 1 branch location and about $6.26 million in total assets. Opened 75 years ago in 1949, WATERTOWN POSTAL FEDERAL CREDIT UNION has about 533 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WATERTOWN POSTAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 232 COMMERCE PARK DR WATERTOWN, NY 13601 |
Phone: | (315) 788-4163 |
Fax: | (315) 786-1563 |
Website: | https://watertownpostalfcu.org |
Branches: | 1 branch locations |
Members: | 533 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6112 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,263,487 |
CEO/Manager: | KELLY A DONNELLY |
Chairperson: | RICHARD A DAVIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 369,000 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 445,313 |
Other Loans | 2,711,911 |
TOTAL LOANS | 3,157,224 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,591 |
Land And Building | 0 |
Other Fixed Assets | 2,087 |
NCUSIF Deposit | 65,335 |
All Other Assets | 0 |
TOTAL ASSETS | 6,263,487 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 50,766 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,531,850 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 5,531,850 |
TOTAL LIABILITIES | 5,582,616 |
Regular Reserve | 0 |
Other Reserves | 88,447 |
Undivided Earnings | 592,424 |
TOTAL EQUITY | 680,871 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,263,487 |
INCOME & EXPENSE | |
Loan Income | 130,231 |
Investment Income | 57,444 |
Other Income | 0 |
Total Employee Compensation & Benefits | 52,113 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 48,888 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 24,860 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 61,814 |
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