Dec, 31, 2023 — PHILADELPHIA LETTER CARRIERS FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 1 branch location and about $7.06 million in total assets. Opened 77 years ago in 1947, PHILADELPHIA LETTER CARRIERS FEDERAL CREDIT UNION has about 1,351 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PHILADELPHIA LETTER CARRIERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2512 S Broad St PHILADELPHIA, PA 19145-4658 |
| Phone: | (215) 922-5474 |
| Fax: | (215) 922-5475 |
| Website: | https://www.phillycreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,351 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5539 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,056,998 |
| CEO/Manager: | Robert Pino |
| Chairperson: | Teresa Gahagan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 276,845 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,152,574 |
| Unsecured Loans | 1,288,601 |
| Other Loans | 2,053,707 |
| TOTAL LOANS | 6,494,882 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,934 |
| Land And Building | 0 |
| Other Fixed Assets | 4,949 |
| NCUSIF Deposit | 65,111 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,056,998 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,954 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 92,067 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 770,196 |
| Regular shares | 3,709,891 |
| All Other Shares & Deposits | 1,539,967 |
| TOTAL SHARES & DEPOSITS | 6,020,054 |
| TOTAL LIABILITIES | 6,127,075 |
| Regular Reserve | 0 |
| Other Reserves | -1,272 |
| Undivided Earnings | 931,195 |
| TOTAL EQUITY | 929,923 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,056,998 |
| INCOME & EXPENSE | |
| Loan Income | 454,828 |
| Investment Income | 36,655 |
| Other Income | 97,032 |
| Total Employee Compensation & Benefits | 287,498 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 237,945 |
| Non-operating Income & (Expense) | 58,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 34,272 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,000 |
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