Dec, 31, 2023 — UNITED POLES FEDERAL CREDIT UNION is a federal credit union headquartered in PERTH AMBOY, NJ with 3 branch locations and about $59.98 million in total assets. Opened 59 years ago in 1965, UNITED POLES FEDERAL CREDIT UNION has about 1,996 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED POLES FEDERAL CREDIT UNION |
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Address: (Main Office) | 412 NEW BRUNSWICK AVE PERTH AMBOY, NJ 08861 |
Phone: | (800) 333-7713 |
Fax: | (732) 442-1443 |
Website: | https://www.unitedpolesfcu.com |
Branches: | 3 branch locations |
Members: | 1,996 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16577 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $59,978,930 |
CEO/Manager: | IWONA A KARPETA |
Chairperson: | THOMAS KAZALSKI |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,605,580 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,312,012 |
Unsecured Loans | 3,086,879 |
Other Loans | 11,780,900 |
TOTAL LOANS | 45,179,791 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -366,273 |
Land And Building | 141,676 |
Other Fixed Assets | 1,033,506 |
NCUSIF Deposit | 453,277 |
All Other Assets | 0 |
TOTAL ASSETS | 59,978,930 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15,164 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 987,263 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,653,611 |
Regular shares | 22,871,918 |
All Other Shares & Deposits | 21,858,858 |
TOTAL SHARES & DEPOSITS | 54,384,387 |
TOTAL LIABILITIES | 55,386,814 |
Regular Reserve | 0 |
Other Reserves | 43,469 |
Undivided Earnings | 4,548,647 |
TOTAL EQUITY | 4,592,116 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,978,930 |
INCOME & EXPENSE | |
Loan Income | 1,915,087 |
Investment Income | 275,133 |
Other Income | 121,539 |
Total Employee Compensation & Benefits | 793,597 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,050,448 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,393 |
Cost of Funds | 466,585 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -6,004 |
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