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LOS ANGELES POLICE FEDERAL CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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