Dec, 31, 2023 — HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in HARRISON, NJ with 1 branch location and about $23.51 million in total assets. Opened 74 years ago in 1950, HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION has about 1,344 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 326 Harrison Ave HARRISON, NJ 07029-3059 |
| Phone: | (973) 482-0963 |
| Fax: | (973) 482-0744 |
| Website: | https://www.hpffcu.org |
| Branches: | 1 branch locations |
| Members: | 1,344 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6638 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,511,898 |
| CEO/Manager: | Carl E Honegger |
| Chairperson: | Robert Greene |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,110,298 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,072,190 |
| Unsecured Loans | 1,855,073 |
| Other Loans | 4,811,823 |
| TOTAL LOANS | 11,739,086 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,634 |
| Land And Building | 0 |
| Other Fixed Assets | 17,765 |
| NCUSIF Deposit | 212,318 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,511,898 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,059 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,041,996 |
| Regular shares | 12,058,634 |
| All Other Shares & Deposits | 5,839,988 |
| TOTAL SHARES & DEPOSITS | 19,940,618 |
| TOTAL LIABILITIES | 19,969,677 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,542,221 |
| TOTAL EQUITY | 3,542,221 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,511,898 |
| INCOME & EXPENSE | |
| Loan Income | 722,145 |
| Investment Income | 285,939 |
| Other Income | 13,515 |
| Total Employee Compensation & Benefits | 347,938 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 319,790 |
| Non-operating Income & (Expense) | 7,135 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 135,939 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 230,804 |
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