Dec, 31, 2023 — POPA FEDERAL CREDIT UNION is a federal credit union headquartered in CERRITOS, CA with 4 branch locations and about $378.08 million in total assets. Opened 46 years ago in 1978, POPA FEDERAL CREDIT UNION has about 19,801 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POPA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 13304 Alondra Blvd CERRITOS, CA 90703 |
| Phone: | (562) 229-9181 |
| Fax: | (562) 207-4402 |
| Website: | https://www.popafcu.org |
| Branches: | 4 branch locations |
| Members: | 19,801 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23004 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $378,076,194 |
| CEO/Manager: | Raymond Bartus |
| Chairperson: | Terry Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,420,030 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 104,827,768 |
| Unsecured Loans | 54,553,807 |
| Other Loans | 117,602,284 |
| TOTAL LOANS | 276,983,859 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,852,001 |
| Land And Building | 1,608,224 |
| Other Fixed Assets | 913,179 |
| NCUSIF Deposit | 3,154,856 |
| All Other Assets | 0 |
| TOTAL ASSETS | 378,076,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 26,000,000 |
| Accounts Payable & Other Liabilities | 5,239,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,336,092 |
| Regular shares | 151,463,726 |
| All Other Shares & Deposits | 109,206,516 |
| TOTAL SHARES & DEPOSITS | 319,006,334 |
| TOTAL LIABILITIES | 350,245,859 |
| Regular Reserve | 0 |
| Other Reserves | -11,191,046 |
| Undivided Earnings | 39,021,381 |
| TOTAL EQUITY | 27,830,335 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 378,076,194 |
| INCOME & EXPENSE | |
| Loan Income | 16,130,010 |
| Investment Income | 1,458,622 |
| Other Income | 1,037,388 |
| Total Employee Compensation & Benefits | 6,757,155 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,432,019 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,963,824 |
| Cost of Funds | 3,970,656 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,037,974 |
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