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ATLANTIC CITY POLICE FEDERAL CREDIT UNION

Dec, 31, 2023 — ATLANTIC CITY POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTIC CITY, NJ with 1 branch location and about $1.88 million in total assets. Opened 85 years ago in 1939, ATLANTIC CITY POLICE FEDERAL CREDIT UNION has about 258 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ATLANTIC CITY POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
2715 Atlantic Ave
ATLANTIC CITY, NJ 08401
Phone:(609) 348-5905
Fax:(609) 348-5905
Website:n/a
Branches:1 branch locations
Members:258
Credit Union Type:Federal Credit Union
Charter Number:3420
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1939
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,876,836
CEO/Manager:Ronald Krause
Chairperson:Joseph Nolan

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 159,801
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 243,789
 Other Loans 50,145
 TOTAL LOANS 293,934
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,670
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 19,024
 All Other Assets 0
  TOTAL ASSETS 1,876,836
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,982
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,031,381
 All Other Shares & Deposits 502,245
  TOTAL SHARES & DEPOSITS 1,533,626
  TOTAL LIABILITIES 1,535,608
 Regular Reserve 0
 Other Reserves 28,066
 Undivided Earnings 313,162
  TOTAL EQUITY 341,228
  TOTAL LIABILITIES, SHARES, & EQUITY 1,876,836
INCOME & EXPENSE  
 Loan Income 40,274
 Investment Income 65,637
 Other Income 2,703
 Total Employee Compensation & Benefits 35,200
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,871
 Non-operating Income & (Expense) 2,751
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,429
 Cost of Funds 9,334
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 43,531
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