Dec, 31, 2023 — POLICE CREDIT UNION is a federally insured state chartered credit union headquartered in SHEBOYGAN, WI with 1 branch location and about $946,803 in total assets. Opened 90 years ago in 1934, POLICE CREDIT UNION has about 133 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POLICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1315 N 23rd St Ste 101 SHEBOYGAN, WI 53081-3180 |
| Phone: | (920) 459-3333 |
| Fax: | (920) 459-0205 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 133 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66663 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $946,803 |
| CEO/Manager: | Spencer Wilson |
| Chairperson: | Matthew S Braesch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,626 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 72,429 |
| Other Loans | 873,513 |
| TOTAL LOANS | 945,942 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,671 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 7,372 |
| All Other Assets | 0 |
| TOTAL ASSETS | 946,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 784,793 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 784,794 |
| TOTAL LIABILITIES | 784,794 |
| Regular Reserve | 0 |
| Other Reserves | 36,336 |
| Undivided Earnings | 125,673 |
| TOTAL EQUITY | 162,009 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 946,803 |
| INCOME & EXPENSE | |
| Loan Income | 26,991 |
| Investment Income | 167 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 7,250 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,220 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,214 |
| Cost of Funds | 7,791 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,317 |
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