Dec, 31, 2023 — THE POLICE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN BRUNO, CA with 5 branch locations and about $1.08 billion in total assets. Opened 66 years ago in 1958, THE POLICE CREDIT UNION has about 43,307 members and employs 132 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE POLICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1250 Grundy Ln SAN BRUNO, CA 94066 |
| Phone: | (415) 564-3800 |
| Fax: | (415) 564-5519 |
| Website: | https://www.thepolicecu.org |
| Branches: | 5 branch locations |
| Members: | 43,307 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60968 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,077,100,895 |
| CEO/Manager: | EDDIE YOUNG |
| Chairperson: | JOHN GOLDBERG |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,591,954 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 413,063,391 |
| Unsecured Loans | 56,783,288 |
| Other Loans | 124,715,893 |
| TOTAL LOANS | 594,562,572 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,488,351 |
| Land And Building | 42,733,812 |
| Other Fixed Assets | 2,615,086 |
| NCUSIF Deposit | 8,534,502 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,077,100,895 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 15,282,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 191,994,172 |
| Regular shares | 362,074,198 |
| All Other Shares & Deposits | 380,377,982 |
| TOTAL SHARES & DEPOSITS | 934,446,352 |
| TOTAL LIABILITIES | 984,728,641 |
| Regular Reserve | 0 |
| Other Reserves | -40,708,142 |
| Undivided Earnings | 133,080,396 |
| TOTAL EQUITY | 92,372,254 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,077,100,895 |
| INCOME & EXPENSE | |
| Loan Income | 26,402,590 |
| Investment Income | 7,412,064 |
| Other Income | 2,300,869 |
| Total Employee Compensation & Benefits | 17,885,376 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,507,925 |
| Non-operating Income & (Expense) | -4,762 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,679,170 |
| Cost of Funds | 8,153,858 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,623,158 |
| ↑ Back to Top | |