Dec, 31, 2023 — LOS ANGELES POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in VAN NUYS, CA with 4 branch locations and about $1.40 billion in total assets. Opened 65 years ago in 1959, LOS ANGELES POLICE FEDERAL CREDIT UNION has about 45,218 members and employs 163 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOS ANGELES POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 16150 Sherman Way VAN NUYS, CA 91406 |
Phone: | (818) 787-6520 |
Fax: | (818) 782-1538 |
Website: | https://www.lapfcu.org |
Branches: | 4 branch locations |
Members: | 45,218 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24553 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,397,144,534 |
CEO/Manager: | John F Roemer |
Chairperson: | Andre Plummer |
ASSETS: | $ Amount |
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Cash & Equivalents | 97,054,201 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 960,688 |
Real Estate Loans | 450,484,106 |
Unsecured Loans | 99,257,331 |
Other Loans | 222,556,393 |
TOTAL LOANS | 772,297,830 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,964,190 |
Land And Building | 8,676,701 |
Other Fixed Assets | 4,260,108 |
NCUSIF Deposit | 11,590,895 |
All Other Assets | 0 |
TOTAL ASSETS | 1,397,144,534 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,710 |
Notes & Interest Payable | 127,000,000 |
Accounts Payable & Other Liabilities | 12,509,964 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 257,234,085 |
Regular shares | 369,432,333 |
All Other Shares & Deposits | 534,899,401 |
TOTAL SHARES & DEPOSITS | 1,161,565,821 |
TOTAL LIABILITIES | 1,301,085,495 |
Regular Reserve | 0 |
Other Reserves | -45,433,997 |
Undivided Earnings | 141,493,036 |
TOTAL EQUITY | 96,059,039 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,397,144,534 |
INCOME & EXPENSE | |
Loan Income | 39,627,674 |
Investment Income | 22,189,305 |
Other Income | 3,531,619 |
Total Employee Compensation & Benefits | 24,654,354 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,819,454 |
Non-operating Income & (Expense) | 2,082,025 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,596,785 |
Cost of Funds | 20,319,968 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,420,521 |
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