Civic Intelligence

Delco Postal Credit Union

990 • Fiscal year 2019 • EIN 23-1633653

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 18, 2020

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

79th percentile

0.90x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

17.59x

Higher debt load relative to revenue than 51% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Net Margin

56th percentile

13%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$62,830

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Asset Growth

14th percentile

-4.3%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

0.4%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$15,217,055

Down $685,475 (-4.3%) from 2018

Net Assets

Up

$1,539,885

Up $100,291 (+7.0%) from 2018

Liabilities

Down

$13,677,170

Down $785,766 (-5.4%) from 2018

Revenue

Up

$777,529

Up $3,270 (+0.4%) from 2018

Expenses

Up

$677,279

Up $52,042 (+8.3%) from 2018

Net Income

Down

$100,250

Down $48,772 (-33%) from 2018

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

2019

Assets$15,217,055
Liabilities$13,677,170
Net Assets$1,539,885

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

2019

Revenue$777,529
Expenses$677,279
Net Income$100,250
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 18, 2020
Return Version
2019v5.0
Gross Receipts
$777,529
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,318,730$9,735,394▲ $416,664
Investments Other Securities$3,335,394$3,219,277▼ $116,117
Savings and Temporary Cash Investments$2,998,205$2,021,826▼ $976,379
Land, Buildings, and Equipment, Net$67,204$54,282▼ $12,922
Prepaid Expenses and Deferred Charges$28,749$40,349▲ $11,600
Cash and Non-Interest-Bearing Accounts$675$675→ $0
Total Assets$15,902,530$15,217,055▼ $685,475
Other Assets Total$153,573$145,252▼ $8,321
Liabilities
Other Liabilities$14,449,226$13,667,306▼ $781,920
Accounts Payable and Accrued Expenses$13,710$9,864▼ $3,846
Total Liabilities$14,462,936$13,677,170▼ $785,766
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,439,594$1,539,885▲ $100,291
Total Liabilities and Net Assets / Fund Balance$15,902,530$15,217,055▼ $685,475

Asset Categories

AssetBook ValueDepreciationBasis
Land$45,000-$45,000
Buildings$6,436-$6,436
Equipment$2,846-$2,846
Other Securities$109,348--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gerald LiberaceSecretary/treasurerPT$50,830$12,000$62,830
Daniel MillettCEO/vice ChairpersonPT$38,000-$38,000

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
$664,551
Investment Income
$94,388
Other Revenue
$18,590
Change in Net Assets
$100,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$397,530
Salaries, Compensation, and Employee Benefits$279,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$201,278
Other Salaries and Wages---$126,259
Current Officers, Directors, Trustees, and Key Employees---$88,830
Office Expenses---$66,952
Other Employee Benefits---$64,660
Interest---$18,164
Occupancy---$14,645
Depreciation Depletion---$12,922
Fees for Services Accounting---$7,017
Other Expenses---$6,275
Advertising---$1,384
Total Functional Expenses$0$0$0$677,279
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$11,583,778
Iras$1,312,807
Share Drafts$648,257
Share Certificates$122,464
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 35% controlled entity
No
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, Part VI, Section A, Line 2

Dan and michael millett are father and son.

Form 990, Part VI, Section A, Line 6

The credit union is owned by its 1,485 members.

Form 990, Part VI, Section A, 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, Part VI, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, 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, Part VI, Section C, 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) all 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
2020-02-18
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
Volunteers
7

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD PO BOX 7008, WYOMISSING, PA 19610-6008
Preparer
Ruthann J Woll CPA
Phone
6103761595
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Prof & outside service 201,278.

FORM 990, PART XI, LINE 9:

NEW MEMBER FEES 41.

Raw XML Appendix367 raw XML fields

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/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02998205
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02021826
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06436
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06436
IRS990ScheduleD/EquipmentGrp/BookValueAmt02846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02846
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0648257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111583778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21312807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3122464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2IRAS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03109929
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1109348
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE CU CAPITALIZATION DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054282
IRS990ScheduleD/TotalBookValueSecuritiesAmt03219277
IRS990ScheduleD/TotalLiabilityAmt013667306
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAN AND MICHAEL MILLETT ARE FATHER AND SON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS OWNED BY ITS 1,485 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE CREDIT UNION'S MEMBERS MUST APPROVE: THE MERGER OF THE CREDIT UNION, THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION, AND CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES, AND BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TREASURER GERALD LIBERACE PRESENTS THE COMPLETED FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST AND ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ALL AVAILABLE AT WWW.NCUA.GOV FOR PUBLIC INSPECTION. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROF & OUTSIDE SERVICE 201,278.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NEW MEMBER FEES 41.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015902530
IRS990/TotalAssetsEOYAmt015217055
IRS990/TotalAssetsGrp/BOYAmt015902530
IRS990/TotalAssetsGrp/EOYAmt015217055
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0677279
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014462936
IRS990/TotalLiabilitiesEOYAmt013677170
IRS990/TotalLiabilitiesGrp/BOYAmt014462936
IRS990/TotalLiabilitiesGrp/EOYAmt013677170
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01439594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01539885
IRS990/TotalOtherCompensationAmt012000
IRS990/TotalProgramServiceRevenueAmt0664551
IRS990/TotalReportableCompFromOrgAmt088830
IRS990/TotalRevenueGrp/ExclusionAmt094388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0683141
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0777529
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015902530
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015217055
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01400 BYWOOD AVENUE
IRS990/USAddress/CityNm0UPPER DARBY
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019082
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.DELCOPOSTAL.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL MILLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/VICE CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06107343356
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELCO POSTAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0DELC
ReturnHeader/Filer/EIN0231633653
ReturnHeader/Filer/PhoneNum06107343356
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 BYWOOD AVENUE
ReturnHeader/Filer/USAddress/CityNm0UPPER DARBY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019082
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BF806157A52785AD0FEADB80BD57235400E63FA7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.203.63.190
ReturnHeader/FilingSecurityInformation/IPDt02020-02-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:09:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232108173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RKL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01330 BROADCASTING ROAD PO BOX 7008
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WYOMISSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0196106008
ReturnHeader/PreparerPersonGrp/PhoneNum06103761595
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTHANN J WOLL CPA
ReturnHeader/ReturnTs02020-02-28T14:09:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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