2026-03-17T14:48:24-07:00 2023-12-31 990 2023-01-01 750813625 POSTEL FAMILY CREDIT UNION POST 9407618600 1300 Broad Street Wichita Falls TX 76301 Candace Walker AVP, Accounting Manager 9407618600 2026-03-17 1 2023 2025-03-06 01:10:19Z Rick Hanson 1300 Broad Street Wichita Falls TX 76301 3880261 0 X www.postelcu.com X Credit Union 1929 TX Postel Family Credit Union is a not-for-profit financial cooperative and is a member of the National Credit Union Administration Insurance Fund. The credit union is regulated by the State of Texas Credit Union Department as well as the National Credit Union Administration. Postel Family Credit Union offers products and services in four primary areas: Share Accounts, Checking Accounts, Consumer Loans and Real Estate Loans. 7 7 0 7 0 7 0 0 2558089 2805765 364997 507173 659524 567323 3582610 3880261 0 0 0 0 1716769 1817615 0 0 0 1458495 1843643 3175264 3661258 407346 219003 75778596 73418928 68010804 65734008 7767792 7684920 Provider of credit union financial services. Postel offers its members checking, savings, loan accounts and certificates of deposit. 0 0 Share Accounts: Postel Family Credit Union had 5,827 member owned accounts on December 31, 2022. Members savings accounts pay dividends monthly and offer access through the branch network, internet banking, mobile devices, or telephone and ATMs worldwide. Special savings accounts designed for children and teenagers encourage the development of consistent savings habits. Checking Accounts: Postel Family Credit Union provides checking accounts for members. Dividends are paid monthly. The credit union offers debit cards, internet access, mobile access, remote deposit and free use of the internet bill payer platform. Consumer Loans: Postel Family Credit Union offers loans for vehicles, boats, motorcycles, mortgages, unsecured and recreational vehicles. Commercial loans are also offered. 3661258 Functional Expenses. 3661258 0 0 3661258 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 TX X Rick Hanson 9407618600 1300 Broad Street Wichita Falls TX 76301 Rick Hanson President/CEO 40 X 111611 0 0 Becky Alexander Vice President/CFO 40 X 78700 0 0 Linda Frost Vice President Operations 40 X 76988 0 0 Steve Hanson Vice President/Chief Lending Officer 40 X 73118 0 0 Joe Ryckoff Board Chairman 1 X 0 0 0 Robert Fonck Board Vice Chairman 1 0 X 0 0 0 John Luig Jr Board Secretary/Treasurer 1 0 X 0 0 0 Weldon Day Board Member 1 0 X 0 0 0 William Presson Board Member 1 0 X 0 0 0 Mark Beauchamp Board Member 1 0 X 0 0 0 David Zentgraf Board Member 1 X 0 0 0 340417 0 0 0 0 0 0 0 0 Interest from Loans 522130 2384954 2384954 0 0 Member Fees & Charges 522130 377580 377580 0 0 Loan Fee Income 522130 43231 43231 0 0 0 0 0 0 2805765 507173 507173 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Income 900099 567323 567323 0 0 0 0 0 0 567323 3880261 3880261 0 0 0 0 0 0 0 0 0 0 340297 340297 0 0 0 0 0 0 847703 847703 0 0 20306 20306 0 0 468313 468313 0 0 140996 140996 0 0 0 0 0 0 538 538 0 0 42000 42000 0 0 0 0 0 0 0 0 0 0 0 0 196153 196153 0 0 99234 99234 0 0 555086 555086 0 0 60000 60000 0 0 0 0 0 0 142013 142013 0 0 12000 12000 0 0 0 0 0 0 7200 7200 0 0 344355 344355 0 0 0 0 0 0 77640 77640 0 0 66834 66834 0 0 Loan Servicing Expense 42703 42703 0 0 Provision for Loan Losses 167991 167991 0 0 29896 29896 0 0 3661258 3661258 0 0 945744 1114199 0 0 0 0 9244 509399 999298 1240064 0 0 35083225 37029262 0 0 66217 45121 8953295 1918099 4253525 7035196 0 0 32054824 24012449 0 0 0 0 2366519 2433238 75778596 73418928 692532 672427 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67318272 65061581 68010804 65734008 X 0 0 0 0 7767792 7684920 7767792 7684920 75778596 73418928 X 219003 0 0 0 0 -301875 X 1 X 1 X 1 0 943575 0 943575 7123387 0 1193464 5929923 0 0 0 0 886333 0 724635 161698 0 0 0 0 7035196 Agency Securities 1379862 C Bank Certificates 13181000 C Credit Union Certificates 3979051 C Corporate Credit Union Interest Bearing Cash Account 5472536 C 24012449 Shares of Members 65061563 Dividends Payable 18 65061581 Mark Beauchamp Board Member Mortgage X 35000 28477 0 1 1 Robert Fonck Board Vice Chairman Mortgage X 192000 98418 0 1 1 Robert Fonck Board Vice Chairman Mortgage X 75000 75000 0 1 1 Linda Frost VP Unsecured X 9992 2305 0 1 1 Linda Frost VP Unsecured X 1583 1466 0 1 1 Linda Frost VP Unsecured X 3500 2685 1 0 0 Rick Hanson CEO Auto X 9000 6959 0 1 1 Steve Hanson VP Auto X 31400 8746 0 1 1 Steve Hanson VP Mortgage X 128000 81322 0 1 1 John Luig Jr Board Member Unsecured X 1500 3073 0 1 1 John Luig Jr Board Member Auto X 56250 18187 0 1 1 David Zentgraf Board Member Mortgage X 21755 15692 0 1 1 David Zentgraf Board Member Mortgage X 30843 24903 0 1 1 David Zentgraf Board Member Mortgage X 31312 25184 0 1 1 David Zentgraf Board Member Mortgage X 107352 75824 0 1 1 David Zentgraf Board Member Mortgage X 304800 280215 0 1 1 David Zentgraf Board Member Mortgage X 450000 372134 0 1 1 David Zentgraf Board Member Auto X 19000 5056 0 1 1 David Zentgraf Board Member Auto X 58358 54903 0 1 1 David Zentgraf Board Member Auto X 59515 59515 0 1 1 1240064 Form 990, Part I, Line 1 Postel Family Credit Union offers products and services in four primary areas: (1) Share Accounts (2) Checking Accounts (3) Consumer Loans (4) Real Estate Loans. Form 990, Part VI, Section A, Line 2 Our CEO and Vice President of Financial Services are brothers. Form 990, Part VI, Section A, Line 6 Postel Family Credit Union is a not-for-profit financial cooperative owed by its members. Form 990, Part VI, Section A, Line 7a Members elect Board of Directors each year at Postel Family Credit Union's annual meeting. Form 990, Part VI, Section A, Line 7b Mergers and acquisitions are subject to approval by the membership of the credit union as a whole. Form 990, Part VI, Section B, Line 11b The CEO reviews the Form 990 and required schedules after preparation by the AVP of Accounting. A copy of the Form 990 is provided to each member of the Postel Family Credit Union's Board of Directors for review. Form 990, Part VI, Section B, Line 12c The policy is reviewed annually, and accounts are verified at that time. Form 990, Part VI, Section B, Line 15 Postel Family Credit Union performs, at a minimum, an annual evaluation of all staff. Form 990, Part VI, Section C, Line 19 Postel Family credit Union makes its governing documents, conflicts of interest policy and financial statements available to the public upon request. Its financial statements are displayed within the lobbies of each office of the credit union. Form 990, Part XI, Line 9 Adjustment. The lady that was in this previous position passed away due to cancer. All taxes are currently being filed.