Jun, 30, 2024 — THE NEW HAVEN POLICE AND MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, CT with 1 branch location and about $6.20 million in total assets. Opened 68 years ago in 1956, THE NEW HAVEN POLICE AND MUNICIPAL FEDERAL CREDIT UNION has about 854 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE NEW HAVEN POLICE AND MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Union Ave NEW HAVEN, CT 06519 |
| Phone: | (203) 562-8318 |
| Fax: | (203) 562-4746 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 854 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10729 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,204,749 |
| CEO/Manager: | Elishia Allen |
| Chairperson: | Joseph Greene |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,786,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,007,695 |
| Other Loans | 406,518 |
| TOTAL LOANS | 1,414,213 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,789 |
| Land And Building | 0 |
| Other Fixed Assets | 13,366 |
| NCUSIF Deposit | 53,118 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,204,749 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,159 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,761,395 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,761,395 |
| TOTAL LIABILITIES | 4,777,554 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,427,195 |
| TOTAL EQUITY | 1,427,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,204,749 |
| INCOME & EXPENSE | |
| Loan Income | 79,797 |
| Investment Income | 28,215 |
| Other Income | 2,349 |
| Total Employee Compensation & Benefits | 99,178 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,994 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
| Cost of Funds | 6,903 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -73,517 |
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