Overview
What is Pacific Postal Credit Union?
Pacific Postal Credit Union, based in San Jose, California, primarily serves postal and civil service employees and their families within a specific geographical area in California. This nonprofit organization offers a wide range of competitive loan products to its members at favorable market rates and lower fees. During 2022, they provided a total of $45 million in loan dollars to their members and participants. Committed to fostering financial partnerships, Pacific Postal Credit Union aims to enhance the lives of its member-owners by providing competitive financial services. With a workforce of 36 individuals, the credit union remains dedicated to its mission of improving financial well-being for its community.
Official website here: www.ppcu.org
What do the Facebook reviews say about Pacific Postal Credit Union?
While there are currently only a few reviews for Pacific Postal Credit Union, the sentiment reflects a significant concern regarding customer service. One review highlighted a specific experience where a user faced issues cashing a check for a handyman, feeling that the bank's actions may have been indicative of unfair treatment or racial profiling. The situation escalated due to a mismatch in signatures, leading to frustration and dissatisfaction.
The individual expressed disappointment not only with the handling of the issue but also with the branch manager's inability to provide satisfactory reasoning. This incident has raised serious questions about the credit union's commitment to equitable service for all members. As a result, the reviewer indicated a willingness to take their business elsewhere.
Overall, the current feedback suggests that there are serious areas for improvement, particularly in addressing customer concerns and ensuring fair treatment. A more robust and positive response mechanism could potentially restore confidence among users.
This AI summary has been generated from reviews found on Facebook.
Is Pacific Postal Credit Union legitimate?
Pacific Postal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pacific Postal 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: $616,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,218,702
For more financial information, click here
Official website here: www.ppcu.org
What is the mission statement of Pacific Postal Credit Union?
Pacific Postal Credit Union, committed to its member-owners, strives to create a better life by establishing financial partnerships and offering competitive services. The credit union's mission is to provide competitive loan products, including home loans, personal loans, and auto loans, at favorable market rates and lower fees to its members, who are primarily postal and civil service employees and their families. In 2022, the credit union extended a total of $45 million in loans to its members. This financial institution aims to build strong relationships with its members, ensuring they have access to essential financial services.
Official website here: www.ppcu.org
Who is the CEO of Pacific Postal Credit Union?
Fardad Khosravi is the CEO of Pacific Postal Credit Union The CEO's salary of Pacific Postal Credit Union is $332,884 and their total compensation is $434,390.
Official website here: www.ppcu.org
What is the revenue of Pacific Postal Credit Union?
Pacific Postal Credit Union's revenue in 2023 was $10,516,194.
Official website here: www.ppcu.org
Who are the executives of Pacific Postal Credit Union and what are their salaries?
The average compensation at Pacific Postal Credit Union during 2023 was $70,889. There are 40 employees and 10 volunteers at Pacific Postal Credit Union.
Here are 13 key members and their salaries (Pacific Postal Credit Union's CEO's salary is $332,884 and their total compensation is $434,390):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $332,884
- Related: $0
- Other: $101,506
- Compensation: $160,272
- Related: $0
- Other: $22,196
- Compensation: $132,810
- Related: $0
- Other: $21,802
- Compensation: $140,664
- Related: $0
- Other: $21,195
- Compensation: $129,675
- Related: $0
- Other: $24,068
- Compensation: $128,530
- Related: $0
- Other: $23,736
Official website here: www.ppcu.org
Where can I find the form 990 for Pacific Postal Credit Union?
Pacific Postal Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ppcu.org
Learn more at the official website: www.ppcu.org
Mission Statement of Pacific Postal Credit Union
Pacific Postal Credit Union, in its commitment to its member-owners, strives to build robust financial partnerships and offers competitive financial services. The credit union's mission is to improve the lives of its members by establishing these partnerships and providing them with a wide range of financial services at competitive market rates, along with lower than average fees. During the year 2022, Pacific Postal Credit Union extended a total of $45 million in loan dollars to its members, demonstrating its dedication to financial assistance.
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Impact
October, 2024
Pacific Postal Credit Union has a significant impact on its community by fostering financial partnerships and delivering competitive consumer financial services specifically designed for postal and civil service employees and their families in California. With a focus on accessibility and affordability, the credit union offers a range of loan products at competitive market rates and lower fees, making financial assistance more attainable for its members.
In 2022, Pacific Postal Credit Union demonstrated its commitment to supporting its members by disbursing a remarkable $45 million in member and participation loan dollars. This substantial financial support enables members to pursue various needs, such as homeownership, education, and personal development, ultimately contributing to their overall financial wellness.
Through these efforts, Pacific Postal Credit Union not only strengthens individual financial futures but also enhances the economic vitality of the community it serves in San Jose, California.
This information is meant to be a general summary of Pacific Postal 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,237,695
- Program Service Revenue: $6,278,499
- Gross Receipts: $10,516,194
Assets and Liabilities:
- Total Assets: $239,600,553
- Total Liabilities: $209,790,314
- Net Assets: $29,810,239
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$5,108,964
FEE & CHARGES INCOME
Revenue
$523,113
MASTERCARD INTERCHANGE INCOME
Revenue
$295,526
OTHER INCOME
Revenue
$196,372
VISA INTERCHANGE INCOME
Revenue
$154,524
Organization Details
Founding Year
1931
Principal Officer
Fardad Khosravi
Website
www.ppcu.orgNTEE Category
Code: W60 - Public benefit
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