Civic Intelligence

Delco Postal Credit Union

990 • Fiscal year 2020 • EIN 23-1633653

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 18, 2021

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

70th percentile

0.90x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

19.02x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Net Margin

55th percentile

7.4%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

35th percentile

$62,870

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Asset Growth

3rd percentile

0.1%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-7.7%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$15,237,528

Up $20,473 (+0.1%) from 2019

Net Assets

Up

$1,593,336

Up $53,451 (+3.5%) from 2019

Liabilities

Down

$13,644,192

Down $32,978 (-0.2%) from 2019

Revenue

Down

$717,535

Down $59,994 (-7.7%) from 2019

Expenses

Down

$664,115

Down $13,164 (-1.9%) from 2019

Net Income

Down

$53,420

Down $46,830 (-47%) from 2019

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

2020

Assets$15,237,528
Liabilities$13,644,192
Net Assets$1,593,336

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

2020

Revenue$717,535
Expenses$664,115
Net Income$53,420
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 18, 2021
Return Version
2020v4.1
Gross Receipts
$717,535
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$9,735,394$9,022,355▼ $713,039
Savings and Temporary Cash Investments$2,021,826$3,117,604▲ $1,095,778
Investments Other Securities$3,219,277$2,820,394▼ $398,883
Land, Buildings, and Equipment, Net$54,282$60,962▲ $6,680
Prepaid Expenses and Deferred Charges$40,349$31,218▼ $9,131
Cash and Non-Interest-Bearing Accounts$675$675→ $0
Total Assets$15,217,055$15,237,528▲ $20,473
Other Assets Total$145,252$184,320▲ $39,068
Liabilities
Other Liabilities$13,667,306$13,625,153▼ $42,153
Accounts Payable and Accrued Expenses$9,864$19,039▲ $9,175
Total Liabilities$13,677,170$13,644,192▼ $32,978
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,539,885$1,593,336▲ $53,451
Total Liabilities and Net Assets / Fund Balance$15,217,055$15,237,528▲ $20,473

Asset Categories

AssetBook ValueDepreciationBasis
Land$45,000-$45,000
Equipment$14,029-$14,029
Buildings$1,933-$1,933
Other Securities$109,348--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gerald LiberaceSecretary/treasurerPT$50,870$12,000$62,870
Daniel MillettCEO/vice ChairpersonPT$38,200-$38,200

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
$640,147
Investment Income
$63,170
Other Revenue
$14,218
Change in Net Assets
$53,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$392,735
Salaries, Compensation, and Employee Benefits$271,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$228,338
Other Salaries and Wages---$118,983
Current Officers, Directors, Trustees, and Key Employees---$89,070
Other Employee Benefits---$63,327
Office Expenses---$58,842
Occupancy---$21,535
Interest---$18,290
Depreciation Depletion---$10,143
Fees for Services Accounting---$8,404
Other Expenses---$5,000
Advertising---$1,493
Total Functional Expenses$0$0$0$664,115
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$11,469,156
Iras$1,116,337
Share Drafts$932,074
Share Certificates$107,586
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 1,413 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
2021-08-18
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 228,338.

FORM 990, PART XI, LINE 9:

NEW MEMBER FEES 31.

Raw XML Appendix365 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/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02021826
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03117604
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01933
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01933
IRS990ScheduleD/EquipmentGrp/BookValueAmt014029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014029
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0932074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111469156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21116337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3107586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2IRAS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02711046
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1109348
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE CU CAPITALIZATION DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060962
IRS990ScheduleD/TotalBookValueSecuritiesAmt02820394
IRS990ScheduleD/TotalLiabilityAmt013625153
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAN AND MICHAEL MILLETT ARE FATHER AND SON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS OWNED BY ITS 1,413 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 228,338.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NEW MEMBER FEES 31.
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/TotalAssetsBOYAmt015217055
IRS990/TotalAssetsEOYAmt015237528
IRS990/TotalAssetsGrp/BOYAmt015217055
IRS990/TotalAssetsGrp/EOYAmt015237528
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0664115
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013677170
IRS990/TotalLiabilitiesEOYAmt013644192
IRS990/TotalLiabilitiesGrp/BOYAmt013677170
IRS990/TotalLiabilitiesGrp/EOYAmt013644192
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01539885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01593336
IRS990/TotalOtherCompensationAmt012000
IRS990/TotalProgramServiceRevenueAmt0640147
IRS990/TotalReportableCompFromOrgAmt089070
IRS990/TotalRevenueGrp/ExclusionAmt063170
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0654365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0717535
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015217055
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015237528
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL MILLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/VICE CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06107343356
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-18
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/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/PreparationDt02021-08-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTHANN J WOLL CPA
ReturnHeader/ReturnTs02021-09-01T08:55:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MILLETT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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