Post Office Credit Union Of Maryland

Organization Overview

Post Office Credit Union Of Maryland is located in Baltimore, MD. The organization was established in 1998. 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 12/2023, Post Office Credit Union Of Maryland employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Post Office Credit Union Of Maryland 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 12/2023, Post Office Credit Union Of Maryland generated $663.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED CREDIT UNION OFFERING FINANCIAL SERVICES FOR U. S. POSTAL EMPLOYEES AND THEIR FAMILIES THAT LIVE OR WORK IN MARYLAND

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREDIT UNION PROGRAMS INCLUDING, BUT NOT LIMITED TO, SHARE ACCOUNTS; SHARE DRAFT ACCOUNTS; MONEY MARKET ACCOUNTS; CHRISTMAS & VACATION CLUB ACCOUNTS; IRA ACCOUNTS; CERTIFICATES OF DEPOSITS; ATM CARDS; LOANS TO MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Amellio
President/ceo
$107,000
Thomas Keefe
Secretary/treasurer
$4,910
Lawrence Schultz Jr
Board Member
$735
Ronald Bailey
Chairperson
$470
David Brignac
Vice Chairperson
$450
Roger Evans
Board Member
$445

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$417,985
Investment income $131,378
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 $663,816

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