Dec, 31, 2023 — CITY & POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 5 branch locations and about $110.71 million in total assets. Opened 89 years ago in 1935, CITY & POLICE FEDERAL CREDIT UNION has about 6,621 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY & POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4675 Sunbeam Rd JACKSONVILLE, FL 32257 |
| Phone: | (904) 854-9775 |
| Fax: | (904) 854-9776 |
| Website: | https://www.cityfcu.com |
| Branches: | 5 branch locations |
| Members: | 6,621 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24479 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,713,055 |
| CEO/Manager: | Aaron L Logue |
| Chairperson: | Gregory H Strickland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,125,270 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,079,728 |
| Unsecured Loans | 10,249,960 |
| Other Loans | 43,800,592 |
| TOTAL LOANS | 75,130,280 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -313,652 |
| Land And Building | 2,154,133 |
| Other Fixed Assets | 281,938 |
| NCUSIF Deposit | 957,958 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,713,055 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,194,173 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,513,534 |
| Regular shares | 59,203,115 |
| All Other Shares & Deposits | 24,104,395 |
| TOTAL SHARES & DEPOSITS | 103,821,044 |
| TOTAL LIABILITIES | 105,015,217 |
| Regular Reserve | 0 |
| Other Reserves | -1,714,377 |
| Undivided Earnings | 7,412,215 |
| TOTAL EQUITY | 5,697,838 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,713,055 |
| INCOME & EXPENSE | |
| Loan Income | 3,361,563 |
| Investment Income | 554,483 |
| Other Income | 445,724 |
| Total Employee Compensation & Benefits | 1,631,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,993,475 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 123,924 |
| Cost of Funds | 548,976 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 522,290 |
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