Civic Intelligence

Miami Postal Service Credit Union

EIN 59-0359710 • 501(c)14 • Miami, FL

Profile

Credit Union Programs Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive dividend rates on investments, competitive interest rates on loans, and other products and services.

2190 NW 72nd AveMiami, FL 33122-1824

www.mpscu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.91x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

19.34x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

1st percentile

-22%

Higher net margin than 1% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-3.3%

Faster asset growth than 13% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-19%

Faster revenue growth than 1% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$182,802,242

Down $6,165,518 (-3.3%) from 2023

Liabilities

Down

$165,565,015

Down $5,246,938 (-3.1%) from 2023

Net Assets

Down

$17,237,227

Down $918,580 (-5.1%) from 2023

Revenue

Down

$8,559,280

Down $2,004,283 (-19%) from 2023

Expenses

Up

$10,483,658

Up $1,334,136 (+15%) from 2023

Net Income

Down

-$1,924,378

Down $3,338,419 (-236%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $100,045,017Liabilities 2010: $88,325,762Net Assets 2010: $11,719,2552010Assets 2011: $110,439,842Liabilities 2011: $98,120,930Net Assets 2011: $12,318,9122011Assets 2012: $116,078,791Liabilities 2012: $103,297,147Net Assets 2012: $12,781,6442012Assets 2013: $115,033,728Liabilities 2013: $102,992,973Net Assets 2013: $12,040,7552013Assets 2014: $116,828,887Liabilities 2014: $103,682,894Net Assets 2014: $13,145,9932014Assets 2015: $122,366,119Liabilities 2015: $108,366,706Net Assets 2015: $13,999,4132015Assets 2016: $125,836,632Liabilities 2016: $112,308,469Net Assets 2016: $13,528,1632016Assets 2017: $124,147,343Liabilities 2017: $110,325,920Net Assets 2017: $13,821,4232017Assets 2018: $128,283,856Liabilities 2018: $114,231,555Net Assets 2018: $14,052,3012018Assets 2019: $139,294,211Liabilities 2019: $123,621,363Net Assets 2019: $15,672,8482019Assets 2020: $154,359,635Liabilities 2020: $138,271,423Net Assets 2020: $16,088,2122020Assets 2021: $166,186,771Liabilities 2021: $147,510,709Net Assets 2021: $18,676,0622021Assets 2022: $169,682,593Liabilities 2022: $153,512,257Net Assets 2022: $16,170,3362022Assets 2023: $188,967,760Liabilities 2023: $170,811,953Net Assets 2023: $18,155,8072023Assets 2024: $182,802,242Liabilities 2024: $165,565,015Net Assets 2024: $17,237,2272024

Highlighted filing

2024

Assets$182,802,242
Liabilities$165,565,015
Net Assets$17,237,227

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,999,7312010Expenses 2011: $6,818,8712011Expenses 2012: $6,644,3372012Revenue 2013: $7,240,736Expenses 2013: $7,033,963Net Income 2013: $206,7732013Revenue 2014: $7,398,042Expenses 2014: $6,879,737Net Income 2014: $518,3052014Revenue 2015: $8,265,269Expenses 2015: $7,575,438Net Income 2015: $689,8312015Revenue 2016: $8,456,383Expenses 2016: $8,439,944Net Income 2016: $16,4392016Revenue 2017: $7,631,223Expenses 2017: $7,457,596Net Income 2017: $173,6272017Revenue 2018: $7,594,613Expenses 2018: $7,366,470Net Income 2018: $228,1432018Revenue 2019: $8,135,642Expenses 2019: $6,933,437Net Income 2019: $1,202,2052019Revenue 2020: $6,936,759Expenses 2020: $6,635,780Net Income 2020: $300,9792020Revenue 2021: $8,857,053Expenses 2021: $5,585,592Net Income 2021: $3,271,4612021Revenue 2022: $8,250,585Expenses 2022: $6,981,329Net Income 2022: $1,269,2562022Revenue 2023: $10,563,563Expenses 2023: $9,149,522Net Income 2023: $1,414,0412023Revenue 2024: $8,559,280Expenses 2024: $10,483,658Net Income 2024: -$1,924,3782024

Highlighted filing

2024

Revenue$8,559,280
Expenses$10,483,658
Net Income-$1,924,378

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$183$166$17.2$8.56$10.5$1.92
2023Detailed filing. Detailed filing data is available for this year.$189$171$18.2$10.6$9.15$1.41
2022Detailed filing. Detailed filing data is available for this year.$170$154$16.2$8.25$6.98$1.27
2021Detailed filing. Detailed filing data is available for this year.$166$148$18.7$8.86$5.59$3.27
2020Detailed filing. Detailed filing data is available for this year.$154$138$16.1$6.94$6.64$0.30
2019Detailed filing. Detailed filing data is available for this year.$139$124$15.7$8.14$6.93$1.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$128$114$14.1$7.59$7.37$0.23
2017Detailed filing. Detailed filing data is available for this year.$124$110$13.8$7.63$7.46$0.17
2016Detailed filing. Detailed filing data is available for this year.$126$112$13.5$8.46$8.44$0.02
2015Detailed filing. Detailed filing data is available for this year.$122$108$14.0$8.27$7.58$0.69
2014Detailed filing. Detailed filing data is available for this year.$117$104$13.1$7.40$6.88$0.52
2013Detailed filing. Detailed filing data is available for this year.$115$103$12.0$7.24$7.03$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$103$12.8$6.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$98.1$12.3$6.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$88.3$11.7$6.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$14,694,636
Mission and Program Overview

Mission

Credit Union Programs Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive dividend rates on investments, competitive interest rates on loans, and other products and services.

Programs offering a variety of personal financial services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$114,669,654$113,920,598▼ $749,056
Investments in Publicly Traded Securities$35,646,502$39,998,049▲ $4,351,547
Rtn Earn Endowment Incm Other Fnds$18,155,807$17,237,227▼ $918,580
Savings and Temporary Cash Investments$21,291,794$17,230,100▼ $4,061,694
Investments Program Related$2,628,320$2,725,025▲ $96,705
Accounts Receivable$2,818,478$1,941,782▼ $876,696
Cash and Non-Interest-Bearing Accounts$2,004,712$1,749,093▼ $255,619
Land, Buildings, and Equipment, Net$194,872$219,759▲ $24,887
Prepaid Expenses and Deferred Charges$254,664$183,553▼ $71,111
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$188,967,760$182,802,242▼ $6,165,518
Other Assets Total$9,458,764$4,834,283▼ $4,624,481
Liabilities
Other Liabilities$166,688,985$162,870,022▼ $3,818,963
Accounts Payable and Accrued Expenses$4,122,968$2,694,993▼ $1,427,975
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$170,811,953$165,565,015▼ $5,246,938
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,155,807$17,237,227▼ $918,580
Total Liabilities and Net Assets / Fund Balance$188,967,760$182,802,242▼ $6,165,518

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,199$1,612,387$543,513
Equipment$172,332$1,224,568-
Leasehold Improvements$2,228$336,311-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jace ReyesRetired CEOFT$237,011$237,011
Michele ParamoreCEO and BOARD MEMBERFT$113,512$113,512

Board Members and Trustees

NameTitle
Ann StricklandBoard Chairperson
Guillermo HernandezBoard Vice Chairperson
Raymond MaytinBoard Secretary
Iris MurgadoBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,847,352
Program Service Revenue
$9,963,440
Investment Income
$-4,361,977
Other Revenue
$110,465
All Other Contributions
$0
Change in Net Assets
$-1,924,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,073,013
Salaries, Compensation, and Employee Benefits$3,410,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,813,525$0$0$2,813,525
Office Expenses$2,580,841$0$0$2,580,841
Other Salaries and Wages$2,458,064$0$0$2,458,064
Other Employee Benefits$360,427$0$0$360,427
Current Officers, Directors, Trustees, and Key Employees$350,523$0$0$350,523
Fees for Services Accounting$279,043$0$0$279,043
Payroll Taxes$207,501$0$0$207,501
Occupancy$206,399$0$0$206,399
Advertising$160,580$0$0$160,580
Depreciation Depletion$103,355$0$0$103,355
Fees for Services Other$97,397$0$0$97,397
Insurance$81,278$0$0$81,278
Fees for Services Legal$59,366$0$0$59,366
Pension Plan Contributions$34,130$0$0$34,130
Travel$28,718$0$0$28,718
Conferences and Meetings$24,515$0$0$24,515
Total Functional Expenses$10,483,658$0$0$10,483,658
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$162,870,022
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 6

State chartered credit unions in florida

Part VI, Line 7A

Credit union is comprised of members

Part VI, Line 11A

Ceo reviews 990 & makes copies available to board

Part VI, Line 12C

Members with possible conflicts are excused from discussions & voting

Part VI, Line 15

Credit union industry salary surveys are used as a guide by the board to set salaries

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Unions in Florida
EIN
59-0359710
In Care Of
% MICHELE PARAMORE
Phone
3055927733
Address
2190 NW 72ND AVE, MIAMI, FL 33122-1824
Doing Business As
Miami Postal Service Credit Union

Signing Officer

Name
Michele Paramore
Title
CEO
Signed
2025-05-12
Discuss with paid preparer
No

Organization Details

Formed
1928
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
65
Volunteers
7

Preparer

Firm
Ewart & Associates LLC
Address
5881 NW 151ST STREET SUITE 115, Miami Lakes, FL 33014
Preparer
Richard Ewart
Raw XML AppendixShowing 400 of 612 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/GovernmentGrantsAmt02847352
IRS990/GrantAmt00
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IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt014694636
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IRS990/GrossRentsGrp/RealAmt00
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IRS990/IndivRcvdGreaterThan100KCnt04
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IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
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IRS990/InsuranceGrp/FundraisingAmt00
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IRS990/InsuranceGrp/TotalAmt081278
IRS990/IntangibleAssetsGrp/BOYAmt00
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IRS990/InterestGrp/ManagementAndGeneralAmt00
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IRS990/InterestGrp/TotalAmt02813525
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01773379
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt035646502
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IRS990/IRPDocumentCnt02364
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0114669654
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0207501
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0183553
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0MICHELE PARAMORE
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IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
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IRS990/ProgramServiceRevenueGrp/Desc0Loan Income
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Card Income
IRS990/ProgramServiceRevenueGrp/Desc3Insurance Income
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07835348

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