Atlanta Postal Credit Union
- Assets
- $2.2b
- Revenue
- $91.8m
- Investments
- $293.6m
- Employees
- 343
- Location
- Atlanta, GA
- Founding
- 11/2001
- Data as of
- 12/2019
- EIN
- 58-0146810
Organization Overview
Atlanta Postal Credit Union is located in Atlanta, GA. The organization was established in 2001. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Atlanta Postal Credit Union employed 343 individuals.
For the year ending 12/2019, Atlanta Postal Credit Union generated $91.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $76.9m during the year ending 12/2019. While expenses have increased by 6.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP OUR MEMBERS ACHIEVE FINANCIAL SUCCESS BY PROVIDING EXCEPTIONAL PRODUCTS AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNION PROVIDING LOANS AND DEPOSITS FOR OVER 99,385 MEMBERS. ATLANTA POSTAL CREDIT UNION IS A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE, FOUNDED ON THE PREMISE THAT WORKING PEOPLE NEED A SAFE AND SOUND PLACE TO SAVE AND BORROW MONEY. GUIDING PRINCIPLES ARE UNIQUE: ONLY PEOPLE WHO ARE CREDIT UNION MEMBERS CAN BORROW HERE, LOANS SHOULD BE FOR PRUDENT AND PRODUCTIVE PURPOSES, AND A PERSON'S CHARACTER AND DESIRE TO REPAY A LOAN ARE CONSIDERED AS IMPORTANT AS A PERSON'S INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Head President/ceo/director | OfficerTrustee | 40 | $603,452 |
Gary Kyle CFO | Officer | 40 | $313,036 |
Richard Mccall Cio | 40 | $247,794 | |
Dianne Yost Cmo | 40 | $211,435 | |
Lana Beck VP Human Resources | 40 | $177,182 | |
Amy Fuller Cso | 40 | $174,940 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thompson O'brien Kemp & Nasuti Pc Legal Services For Loan Collections | 12/30/19 | $577,795 |
Route 66 Warranty Extended Auto Warranties | 12/30/19 | $3,002,256 |
Datamatx Member Statement Processing | 12/30/19 | $774,285 |
Cdw Direct Software Maintenance | 12/30/19 | $557,467 |
Jack Henry & Associates Inc Processing System Software Provider | 12/30/19 | $796,282 |
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 | $82,501,854 |
| Investment income | $9,248,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,838,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,000 |
| 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. | $1,022,019 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,319,250 |
| Pension plan accruals and contributions | $2,909,456 |
| Other employee benefits | $2,760,157 |
| Payroll taxes | $996,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,776 |
| Fees for services: Accounting | $94,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $823,653 |
| Advertising and promotion | $1,680,388 |
| Office expenses | $2,262,325 |
| Information technology | $2,087,743 |
| Royalties | $0 |
| Occupancy | $1,389,959 |
| Travel | $184,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $844,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,217,274 |
| Insurance | $0 |
| All other expenses | $1,517,100 |
| Total functional expenses | $76,906,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,610,185 |
| Savings and temporary cash investments | $223,941,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,548,654,151 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,020,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $293,580,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,588,602 |
| Total assets | $2,165,395,511 |
| Accounts payable and accrued expenses | $19,446,547 |
| 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 | $1,874,236,717 |
| Total liabilities | $1,893,683,264 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $271,712,247 |
| Total liabilities and net assets/fund balances | $2,165,395,511 |
Grants Awarded
Over the last fiscal year, Atlanta Postal Credit Union has awarded $32,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: GENERAL OPERATIONS | $22,000 |
Fredericksburg, VA PURPOSE: GENERAL OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Chartered Credit Unions In Florida Jacksonville, FL | $9,117,136,795 | $471,645,316 |
Suncoast Credit Union Tampa, FL | $10,533,714,376 | $521,014,379 |
Delta Community Credit Union Atlanta, GA | $6,051,859,737 | $309,453,420 |
State Chartered Credit Unions In Florida Melbourne, FL | $5,959,003,296 | $246,524,634 |
Eastman Credit Union Kingsport, TN | $5,099,588,309 | $251,106,306 |
Midflorida Credit Union Lakeland, FL | $4,422,009,998 | $222,035,479 |
Georgia's Own Credit Union Atlanta, GA | $2,494,603,277 | $142,869,720 |
Fairwinds Credit Union Orlando, FL | $2,670,383,320 | $146,664,282 |
Robins Financial Credit Union Warner Robins, GA | $3,340,269,474 | $144,241,424 |
Vizo Financial Corporate Credit Union Greensboro, NC | $4,707,672,721 | $115,178,255 |
Knoxville Tva Employees Credit Unio Knoxville, TN | $2,430,831,235 | $127,770,701 |
State Chartered Credit Unions In Florida Jonesville, FL | $2,090,847,610 | $107,037,570 |