Miami Postal Service Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590359710 ✦ Miami, FL ✦ Designated as a 501(c)(14)

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Overview

What is Miami Postal Service Credit Union?

Miami Postal Service Credit Union is a nonprofit organization committed to delivering exceptional member service and offering a diverse range of financial products as an alternative choice. Their primary mission involves providing various personal financial services exclusively to their membership, aiming to meet or surpass their members' expectations. The organization's programs are centered around offering credit union services to its members.


Official website here: www.mpscu.org

What do the Facebook reviews say about Miami Postal Service Credit Union?

92% of 10 reviewers on Facebook recommend Miami Postal Service Credit Union. Here is a summary of their reviews:

Many users express satisfaction with the exceptional services offered by the credit union, highlighting its welcoming atmosphere and efficient customer service. Members appreciate the personalized attention they receive, which makes their banking experience feel more intimate compared to larger financial institutions.

Overall, the sentiment is overwhelmingly positive, with reviewers indicating that this credit union truly meets their financial needs and expectations. Users feel confident in recommending the services to others, appreciating not only the quality of service but also the community-oriented approach of the organization.


This AI summary has been generated from reviews found on Facebook.

Is Miami Postal Service Credit Union legitimate?

Miami Postal Service Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Miami Postal Service Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $235,169
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,044,447

For more financial information, click here


Official website here: www.mpscu.org

What is the mission statement of Miami Postal Service Credit Union?

Miami Postal Service Credit Union's mission is centered around providing top-notch member service and offering superior financial products as an alternative option. They are committed to meeting or exceeding their members' expectations in all aspects of their services. The credit union's programs focus on offering a variety of personal financial services exclusively to its members.


Official website here: www.mpscu.org

Who is the CEO of Miami Postal Service Credit Union?

Jace Reyes is the Ceo of Miami Postal Service Credit Union. The CEO's salary of Miami Postal Service Credit Union is $235,169 and their total compensation is $235,169.


Official website here: www.mpscu.org

What is the revenue of Miami Postal Service Credit Union?

Miami Postal Service Credit Union's revenue in 2022 was $8,250,585.


Official website here: www.mpscu.org

Who are the executives of Miami Postal Service Credit Union and what are their salaries?

The average compensation at Miami Postal Service Credit Union during 2022 was $40,707. There are 56 employees and 7 volunteers at Miami Postal Service Credit Union.


Here are 5 key members and their salaries (Miami Postal Service Credit Union's CEO's salary is $235,169 and their total compensation is $235,169):


Jace B Reyes (Ceo)
  • Compensation: $235,169
  • Related: $0
  • Other: $0
Jennifer David (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Strickland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hilda Brewton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Medeiros (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mpscu.org

Where can I find the form 990 for Miami Postal Service Credit Union?

Miami Postal Service Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mpscu.org

Learn more at the official website: www.mpscu.org

Mission Statement of Miami Postal Service Credit Union

Miami Postal Service Credit Union, abbreviated as MPS Credit Union, is committed to delivering exceptional member service and offering top-tier financial products. Their mission, as stated, revolves around providing personal financial services that surpass member expectations, making them a reliable alternative in the financial sector. By focusing on programs that cater specifically to their members, MPS Credit Union aims to establish a strong connection with its clientele, thereby setting itself apart from other financial institutions.

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Impact




October, 2024

Miami Postal Service Credit Union plays a significant role in enhancing the financial well-being of its members through an array of personal financial services. With a commitment to high-quality member service, the Credit Union serves as a reliable alternative for financial products tailored specifically for its membership.

Located in Miami, Florida, MPS Credit Union focuses on meeting and exceeding the expectations of its members by providing a wide range of financial services designed to assist with personal financial goals and needs. Their programs not only foster individual financial growth but also contribute to the overall economic health of the community by empowering members with the tools and resources necessary for sound financial management.

Through its dedication to member satisfaction and community support, Miami Postal Service Credit Union underscores the value of accessible financial services and promotes public benefit within the region.




This information is meant to be a general summary of Miami Postal Service Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,250,585 (2022)
Expenses
$6,981,329 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $547,336
  • Program Service Revenue: $7,589,820
  • Gross Receipts: $8,250,585

Assets and Liabilities:

  • Total Assets: $169,682,593
  • Total Liabilities: $153,512,257
  • Net Assets: $16,170,336

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$5,125,168

FEE INCOME

Revenue

$1,415,070

CARD INCOME

Revenue

$471,363

INSURANCE RELATED

Revenue

$359,674

INTEREST INCOME

Revenue

$47,088

Organization Details

Founding Year

1928

Principal Officer

Jace Reyes

Main Address

2190 NW 72ND AVENUE, MIAMI, FL, 33122

NTEE Category

Code: W60 - Public benefit

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