Dec, 31, 2023 — POLICE & FIRE FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 17 branch locations and about $8.75 billion in total assets. Opened 86 years ago in 1938, POLICE & FIRE FEDERAL CREDIT UNION has about 445,487 members and employs 845 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POLICE & FIRE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 Arch St PHILADELPHIA, PA 19107-2404 |
| Phone: | (215) 931-0300 |
| Fax: | |
| Website: | https://www.pffcu.org |
| Branches: | 17 branch locations |
| Members: | 445,487 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2551 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,753,805,783 |
| CEO/Manager: | James Duke |
| Chairperson: | Anthony La Rosa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,477,555,890 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,437,621 |
| Real Estate Loans | 3,759,278,342 |
| Unsecured Loans | 555,613,738 |
| Other Loans | 1,795,096,976 |
| TOTAL LOANS | 6,109,989,056 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,154,137 |
| Land And Building | 35,529,978 |
| Other Fixed Assets | 15,462,637 |
| NCUSIF Deposit | 64,841,459 |
| All Other Assets | 542,486 |
| TOTAL ASSETS | 8,753,805,783 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,466,135 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 544,665,704 |
| Regular shares | 1,255,900,914 |
| All Other Shares & Deposits | 5,402,134,289 |
| TOTAL SHARES & DEPOSITS | 7,202,700,907 |
| TOTAL LIABILITIES | 7,288,442,274 |
| Regular Reserve | 0 |
| Other Reserves | -52,416 |
| Undivided Earnings | 1,465,415,925 |
| TOTAL EQUITY | 1,465,363,509 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,753,805,783 |
| INCOME & EXPENSE | |
| Loan Income | 262,481,465 |
| Investment Income | 107,002,105 |
| Other Income | 44,287,920 |
| Total Employee Compensation & Benefits | 69,126,444 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 63,268,642 |
| Non-operating Income & (Expense) | -277,594 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,321,603 |
| Cost of Funds | 191,014,865 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 129,089,801 |
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