Dec, 31, 2023 — POLICEMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 2 branch locations and about $81.44 million in total assets. Opened 57 years ago in 1967, POLICEMEN'S FEDERAL CREDIT UNION has about 5,010 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POLICEMEN'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1130 S Main St SOUTH BEND, IN 46601-3338 |
| Phone: | (574) 234-1524 |
| Fax: | (574) 234-1548 |
| Website: | https://www.policemensfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,010 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18393 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,441,767 |
| CEO/Manager: | BETH BERRY |
| Chairperson: | RONALD WILSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,066,661 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,909,224 |
| Unsecured Loans | 2,217,023 |
| Other Loans | 22,796,112 |
| TOTAL LOANS | 32,922,359 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,974 |
| Land And Building | 147,592 |
| Other Fixed Assets | 77,878 |
| NCUSIF Deposit | 652,400 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,441,767 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 428,324 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,378,534 |
| Regular shares | 36,910,446 |
| All Other Shares & Deposits | 19,859,138 |
| TOTAL SHARES & DEPOSITS | 69,148,118 |
| TOTAL LIABILITIES | 69,576,442 |
| Regular Reserve | 0 |
| Other Reserves | 1,108,563 |
| Undivided Earnings | 10,756,762 |
| TOTAL EQUITY | 11,865,325 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,441,767 |
| INCOME & EXPENSE | |
| Loan Income | 1,264,037 |
| Investment Income | 964,140 |
| Other Income | 193,312 |
| Total Employee Compensation & Benefits | 1,013,041 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 840,726 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -71,533 |
| Cost of Funds | 497,795 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 593,970 |
| ↑ Back to Top | |