Postal Credit Union
- Assets
- $26.3m
- Revenue
- $867.7k
- Investments
- $11.3m
- Employees
- 10
- Location
- Baton Rouge, LA
- Founding
- 08/1969
- Data as of
- 12/2021
- EIN
- 72-0520490
Organization Overview
Postal Credit Union is located in Baton Rouge, LA. The organization was established in 1969. 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 12/2021, Postal Credit Union employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Postal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Postal Credit Union generated $867.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $916.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBER OWNED NOT FOR PROFIT FINANCIAL COOPERATIVE PROVIDES AN AFFORDABLE SOURCE OF SAVINGS AND BORROWING FOR CREDIT UNION MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION IS A MEMBER-OWNED, NON-PROFIT FINANCIAL INSTITUTION THAT PROVIDES FINANCIAL PRODUCTS (SAVINGS, LOANS, ETC)AT COMPETITIVE RATES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tynita Howard CEO | Officer | 40 | $84,820 |
Casandra Davis Vice President | Officer | 1 | $0 |
Gwendolyn Stevenson President | Officer | 1 | $0 |
Adolph Ray Treasurer | Officer | 2 | $0 |
Karen Hebert Secretary | Officer | 1 | $0 |
Helen Coulkin Board Member | 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 | $832,430 |
| Investment income | $35,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,702 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,854 |
| Payroll taxes | $25,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,752 |
| Advertising and promotion | $0 |
| Office expenses | $60,394 |
| Information technology | $104,862 |
| Royalties | $0 |
| Occupancy | $63,693 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,264 |
| Interest | $23,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,123 |
| Insurance | $27,232 |
| All other expenses | $0 |
| Total functional expenses | $916,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,372 |
| Savings and temporary cash investments | $3,767,432 |
| 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 | $9,814,103 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,880 |
| Net Land, buildings, and equipment | $714,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,288,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,438 |
| Total assets | $26,286,667 |
| Accounts payable and accrued expenses | $160,919 |
| 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 | $21,375,293 |
| Total liabilities | $21,536,212 |
| 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 | $400,903 |
| Retained earnings, endowment, accumulated income, or other funds | $4,349,552 |
| Total liabilities and net assets/fund balances | $26,286,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Union Of Texas Allen, TX | $1,777,913,030 | $114,589,686 |
First Community Credit Union Of Houston Houston, TX | $1,964,514,771 | $83,936,302 |
Texas Trust Credit Union Arlington, TX | $1,797,827,251 | $77,667,084 |
Intouch Credit Union Plano, TX | $1,046,983,946 | $47,406,759 |
State Chartered Credit Unions In Louisiana Baton Rouge, LA | $599,377,066 | $59,950,337 |
Firstmark Credit Union San Antonio, TX | $1,229,967,544 | $50,715,745 |
United Heritage Credit Union Austin, TX | $1,405,950,790 | $55,051,200 |
First Service Credit Union Houston, TX | $855,098,387 | $54,328,304 |
Neighborhood Credit Union Dallas, TX | $1,066,752,639 | $52,511,237 |
Velocity Credit Union Austin, TX | $1,067,927,517 | $65,298,866 |
Texans Credit Union Richardson, TX | $2,114,687,717 | $56,103,692 |
Resource One Credit Union Dallas, TX | $739,668,611 | $42,535,084 |