Civic Intelligence

Delco Postal Credit Union

990 • Fiscal year 2016 • EIN 23-1633653

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1400 Bywood AvenueUpper Darby, PA 19082

(610) 734-3356

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

20.11x

Higher debt load relative to revenue than 49% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

61st percentile

8.7%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

23rd percentile

$54,275

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

57th percentile

2.6%

Faster asset growth than 57% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

13%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$14,678,043

Up $377,144 (+2.6%) from 2015

Net Assets

Up

$1,074,240

Up $58,684 (+5.8%) from 2015

Liabilities

Up

$13,603,803

Up $318,460 (+2.4%) from 2015

Revenue

Up

$676,539

Up $78,508 (+13%) from 2015

Expenses

Down

$617,890

Down $139,885 (-18%) from 2015

Net Income

Up

$58,649

Up $218,393 (+137%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $13,703,445Liabilities 2010: $12,518,947Net Assets 2010: $1,184,4982010Assets 2011: $13,587,572Liabilities 2011: $12,335,746Net Assets 2011: $1,251,8262011Assets 2012: $13,783,365Liabilities 2012: $12,634,594Net Assets 2012: $1,148,7712012Assets 2013: $13,993,980Liabilities 2013: $12,834,800Net Assets 2013: $1,159,1802013Assets 2014: $14,029,559Liabilities 2014: $12,854,293Net Assets 2014: $1,175,2662014Assets 2015: $14,300,899Liabilities 2015: $13,285,343Net Assets 2015: $1,015,5562015Assets 2016: $14,678,043Liabilities 2016: $13,603,803Net Assets 2016: $1,074,2402016Assets 2017: $16,433,010Liabilities 2017: $15,379,665Net Assets 2017: $1,053,3452017Assets 2018: $15,902,530Liabilities 2018: $14,462,936Net Assets 2018: $1,439,5942018Assets 2019: $15,217,055Liabilities 2019: $13,677,170Net Assets 2019: $1,539,8852019Assets 2020: $15,237,528Liabilities 2020: $13,644,192Net Assets 2020: $1,593,3362020Assets 2021: $14,777,626Liabilities 2021: $13,066,253Net Assets 2021: $1,711,3732021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$14,678,043
Liabilities$13,603,803
Net Assets$1,074,240

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $914,4512010Expenses 2011: $807,8662011Expenses 2012: $877,1442012Revenue 2013: $706,686Expenses 2013: $696,316Net Income 2013: $10,3702013Revenue 2014: $730,848Expenses 2014: $714,796Net Income 2014: $16,0522014Revenue 2015: $598,031Expenses 2015: $757,775Net Income 2015: -$159,7442015Revenue 2016: $676,539Expenses 2016: $617,890Net Income 2016: $58,6492016Revenue 2017: $682,335Expenses 2017: $703,261Net Income 2017: -$20,9262017Revenue 2018: $774,259Expenses 2018: $625,237Net Income 2018: $149,0222018Revenue 2019: $777,529Expenses 2019: $677,279Net Income 2019: $100,2502019Revenue 2020: $717,535Expenses 2020: $664,115Net Income 2020: $53,4202020Revenue 2021: $825,104Expenses 2021: $707,097Net Income 2021: $118,0072021Revenue 2022: $192,362Expenses 2022: $196,691Net Income 2022: -$4,3292022

Highlighted filing

2016

Revenue$676,539
Expenses$617,890
Net Income$58,649
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$676,539
Mission and Program Overview

Mission

Delco postal credit union is a member owned organization whose purpose is to provide convenient, quality personalized service while maintaining financial stability. We seek to provide ultimate member satisfaction. Operating since 1963, delco postal credit union has expanded its product and service offerings to include more than just everyday necessities. We seek to be the best choice for every financial need. Delco postal credit union opens its field of membership to persons employed at delaware county post offices, members of the wolfe-baron lodge and all relatives of members. It is our mission to be the members' primary banking institution.

Delco postal credit union is a member owned organization whose purpose is to provide convenient, quality, personalized service while maintaining financial stability. We seek to provide ultimate member satisfaction. Operating since 1963, delco postal credit union has expanded its product and service offerings to include more than just your everyday necessities. We seek to be the best choice for all your financial needs. Delco postal credit union opens its field of membership to persons employed at delaware county post offices, members of the wolfe-baron lodge and all relatives of members. It is our mission to be members primary banking institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,800,149$8,729,134▼ $71,015
Savings and Temporary Cash Investments$3,381,883$4,028,522▲ $646,639
Investments Other Securities$1,803,955$1,623,051▼ $180,904
Rtn Earn Endowment Incm Other Fnds$1,015,556$1,074,240▲ $58,684
Land, Buildings, and Equipment, Net$110,931$95,437▼ $15,494
Prepaid Expenses and Deferred Charges$35,683$29,489▼ $6,194
Cash and Non-Interest-Bearing Accounts$600$600→ $0
Total Assets$14,300,899$14,678,043▲ $377,144
Other Assets Total$167,698$171,810▲ $4,112
Liabilities
Other Liabilities$13,242,631$13,587,867▲ $345,236
Accounts Payable and Accrued Expenses$42,712$15,936▼ $26,776
Total Liabilities$13,285,343$13,603,803▲ $318,460
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,015,556$1,074,240▲ $58,684
Total Liabilities and Net Assets / Fund Balance$14,300,899$14,678,043▲ $377,144

Asset Categories

AssetBook ValueDepreciationBasis
Land$45,000-$45,000
Buildings$33,846-$33,846
Equipment$16,591-$16,591
Other Securities$102,026--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gerald LiberaceSecretary/trPT$49,369$4,906$54,275
Daniel MillettCEO/vice CHAPT$38,000$3,799$41,799

Board Members and Trustees

NameTitle
Frank AndreozziChairperson
James WelischekDirector
John AtheyDirector
Joseph DobbinsDirector
Michael DevlinDirector
Michael MillettDirector
Simon FlaimDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$612,938
Investment Income
$22,139
Other Revenue
$41,462
Change in Net Assets
$58,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,603
Salaries, Compensation, and Employee Benefits$274,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$181,171
Other Salaries and Wages---$122,697
Current Officers, Directors, Trustees, and Key Employees---$96,074
Other Employee Benefits---$55,516
Office Expenses---$55,057
Interest---$22,247
Fees for Services Accounting---$15,637
Depreciation Depletion---$15,504
Occupancy---$11,107
Other Expenses---$5,957
Advertising---$1,889
Total Functional Expenses$0$0$0$617,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$10,127,228
Iras$2,070,604
Share Certificates$818,835
Share Drafts$571,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Daniel millett michael millett ceo/v-chair director familial

Form 990, Page 6, Part VI, Line 6

The credit union is owned by its 1,432 members.

Form 990, Page 6, Part VI, Line 7A

The credit union has a single class of members. Each member has a single vote in the election of members to the credit union's board of directors.

Form 990, Page 6, Part VI, Line 7B

The credit union's members must approve: -the merger of the credit union. -the dissolution or conversion of the credit union. -changes to the credit union's charter, articles and bylaws.

Form 990, Page 6, Part VI, Line 11B

Treasurer gerald liberace presents the completed form 990 to the board of directors for review.

Form 990, Page 6, Part VI, Line 12C

Board and committee members are required to disclose all conflicts of interest and are required to annually sign a conflict of interest statement.

Form 990, Page 6, Part VI, Line 19

The credit union's financial statements are posted in the lobby of the credit union on a monthly basis. Quarterly financial statements (call reports) are available at www.ncua.gov for public inspection. Other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Delco Postal Credit Union
EIN
23-1633653
Phone
6107343356
Address
1400 BYWOOD AVENUE, UPPER DARBY, PA 19082

Signing Officer

Name
Daniel Millett
Title
CEO/vice Chairperson
Phone
6107343356
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Millett
Formed
1963
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
7
Employees
6

Preparer

Firm
Padden Guerrini & Associates Pc
Address
91 CUMBERLAND PARKWAY, MECHANICSBURG, PA 17055-5676
Preparer
Frederick a Tabor
Phone
7177909333
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Delco postal credit union is a member owned organization whose purpose is to provide convenient, quality, personalized service while maintaining financial stability. We seek to provide ultimate member satisfaction. Operating since 1963, delco postal credit union has expanded its product and service offerings to include more than just your everyday necessities. We seek to be the best choice for all your financial needs. Delco postal credit union opens its field of membership to persons employed at delaware county post offices, members of the wolfe-baron lodge and all relatives of members. It is our mission to be members primary banking institution.

Form 990, Page 2, Part III, Line 4D

Provide loans and financial services to members.

Form 990, Part IX, Line 11G

OTHER FEES 181,171 0 0

Form 990, Part XI, Line 9

NEW MEMBER FEES 35

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalRevenueAmt0598031
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IRS990ScheduleD/EquipmentGrp/BookValueAmt016591
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016591
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12070604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2818835
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3571200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1IRAS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE DRAFTS
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1102026
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE CU CAPITALIZATION DEPOSIT
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IRS990ScheduleD/TotalBookValueSecuritiesAmt01623051
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DELCO POSTAL CREDIT UNION IS A MEMBER OWNED ORGANIZATION WHOSE PURPOSE IS TO PROVIDE CONVENIENT, QUALITY, PERSONALIZED SERVICE WHILE MAINTAINING FINANCIAL STABILITY. WE SEEK TO PROVIDE ULTIMATE MEMBER SATISFACTION. OPERATING SINCE 1963, DELCO POSTAL CREDIT UNION HAS EXPANDED ITS PRODUCT AND SERVICE OFFERINGS TO INCLUDE MORE THAN JUST YOUR EVERYDAY NECESSITIES. WE SEEK TO BE THE BEST CHOICE FOR ALL YOUR FINANCIAL NEEDS. DELCO POSTAL CREDIT UNION OPENS ITS FIELD OF MEMBERSHIP TO PERSONS EMPLOYED AT DELAWARE COUNTY POST OFFICES, MEMBERS OF THE WOLFE-BARON LODGE AND ALL RELATIVES OF MEMBERS. IT IS OUR MISSION TO BE MEMBERS PRIMARY BANKING INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROVIDE LOANS AND FINANCIAL SERVICES TO MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DANIEL MILLETT MICHAEL MILLETT CEO/V-CHAIR DIRECTOR FAMILIAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION IS OWNED BY ITS 1,432 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF MEMBERS TO THE CREDIT UNION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION'S MEMBERS MUST APPROVE: -THE MERGER OF THE CREDIT UNION. -THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION. -CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES AND BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TREASURER GERALD LIBERACE PRESENTS THE COMPLETED FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST AND ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ARE AVAILABLE AT WWW.NCUA.GOV FOR PUBLIC INSPECTION. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER FEES 181,171 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10NEW MEMBER FEES 35
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalOtherCompensationAmt08705
IRS990/TotalProgramServiceRevenueAmt0612938
IRS990/TotalReportableCompFromOrgAmt087369
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0654400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0676539
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0UPPER DARBY
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019082
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.DELCOPOSTAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL MILLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/VICE CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06107343356
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELCO POSTAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0DELC
ReturnHeader/Filer/EIN0231633653
ReturnHeader/Filer/PhoneNum06107343356
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 BYWOOD AVENUE
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId081636149E3FC226514536E83CB6D46ED48088B7E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId081636149E3FC226514536E83CB6D46ED48088B7E
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232290841
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PADDEN GUERRINI & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt091 CUMBERLAND PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MECHANICSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0170555676
ReturnHeader/PreparerPersonGrp/PhoneNum07177909333
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FREDERICK A TABOR
ReturnHeader/ReturnTs02017-11-14T16:19:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.19$0.20$0.00
2021Detailed filing. Detailed filing data is available for this year.$14.8$13.1$1.71$0.83$0.71$0.12
2020Detailed filing. Detailed filing data is available for this year.$15.2$13.6$1.59$0.72$0.66$0.05
2019Detailed filing. Detailed filing data is available for this year.$15.2$13.7$1.54$0.78$0.68$0.10
2018Detailed filing. Detailed filing data is available for this year.$15.9$14.5$1.44$0.77$0.63$0.15
2017Detailed filing. Detailed filing data is available for this year.$16.4$15.4$1.05$0.68$0.70$0.02
2016Detailed filing. Detailed filing data is available for this year.$14.7$13.6$1.07$0.68$0.62$0.06
2015Detailed filing. Detailed filing data is available for this year.$14.3$13.3$1.02$0.60$0.76$0.16
2014Detailed filing. Detailed filing data is available for this year.$14.0$12.9$1.18$0.73$0.71$0.02
2013Detailed filing. Detailed filing data is available for this year.$14.0$12.8$1.16$0.71$0.70$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$12.6$1.15$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$12.3$1.25$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$12.5$1.18$0.91