POSTMARK Credit Union
- Assets
- $28.7m
- Revenue
- $823.7k
- Investments
- $15.8m
- Employees
- 6
- Location
- Harrisburg, PA
- Founding
- Data as of
- 12/2015
- EIN
- 23-0675445
Organization Overview
POSTMARK Credit Union is located in Harrisburg, PA. As of 12/2015, POSTMARK Credit Union employed 6 individuals. POSTMARK Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW COST FINANCIAL SERVICES FOR CREDIT UNION MEMBERS INCLUDING MORE COMPETITIVE INTEREST RATES CHARGED ON LOANS; HIGHER INTEREST RATES PAID ON DEPOSITS THAN GENERALLY AVAILABLE FROM THE COMMERCIAL BANKING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSTMARK CREDIT UNION SERVES 2,335 MEMBERS BY OFFERING LOW INTEREST LOANS, LOW OR NO COST FINANCIAL SERVICES AND HIGHER PAYING DIVIDENDS (INTEREST) ON SAVINGS ACCOUNTS THAN WHAT IS GENERALLY AVAILABLE FROM THE LOCAL COMMERCIAL BANKING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Frey President/ceo | Officer | 40 | $83,375 |
Francis J Gore Vice Chairman | Trustee | 1 | $0 |
Keith A Bair Board Chairman | Trustee | 2 | $0 |
Dean W Otto Treasurer | Trustee | 1 | $0 |
Thomas A Morrow Director | Trustee | 1 | $0 |
Cheryl L Weidenhammer Recording Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $389,997 |
| Investment income | $214,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $823,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,366 |
| Pension plan accruals and contributions | $10,135 |
| Other employee benefits | $65,011 |
| Payroll taxes | $22,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,215 |
| Office expenses | $13,926 |
| Information technology | $171,148 |
| Royalties | $0 |
| Occupancy | $41,864 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,268 |
| Insurance | $14,930 |
| All other expenses | $56,945 |
| Total functional expenses | $840,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,208 |
| Savings and temporary cash investments | $3,176,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$40,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,388,248 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $157,442 |
| Net Land, buildings, and equipment | $413,048 |
| Investments—publicly traded securities | $1,197,321 |
| Investments—other securities | $15,801,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,424 |
| Total assets | $28,731,337 |
| Accounts payable and accrued expenses | $56,409 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,340,390 |
| Total liabilities | $24,396,799 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $4,334,538 |
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