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BUFFALO POLICE FEDERAL CREDIT UNION

Dec, 31, 2020 — BUFFALO POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in Buffalo, NY with 1 branch location and about $13.56 million in total assets. Opened 85 years ago in 1936, BUFFALO POLICE FEDERAL CREDIT UNION has about 2,339 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:BUFFALO POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
68 Court St Rm 180
Buffalo, NY 14202-3405
Phone:(716) 851-4490
Fax:(716) 852-3494
Website:http://www.buffalopolicefcu.org
Branches:1 branch locations
Members:2,339
Credit Union Type:Federal Credit Union
Charter Number:1157
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,560,957
CEO/Manager:Lori West
Chairperson:Dennis Richards

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,125,657
TOTAL INVESTMENTS 2,152,900
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,338,168
 Other Loans 4,464,297
 TOTAL LOANS 6,802,465
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,683
 Land And Building 0
 Other Fixed Assets 51,345
 NCUSIF Deposit 94,933
 All Other Assets 346,340
  TOTAL ASSETS 13,560,957
LIABILITIES & CAPITAL:  
 Dividends Payable 1,026
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 60,193
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,006,601
 Regular shares 9,472,777
 All Other Shares & Deposits 69,915
  TOTAL SHARES & DEPOSITS 11,549,293
  TOTAL LIABILITIES 11,610,512
 Regular Reserve 57,016
 Other Reserves 0
 Undivided Earnings 1,893,429
  TOTAL EQUITY 1,950,445
  TOTAL LIABILITIES, SHARES, & EQUITY 13,560,957
INCOME & EXPENSE  
 Loan Income 345,244
 Investment Income 69,458
 Other Income 189,959
 Total Employee Compensation & Benefits 242,249
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 179,912
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,986
 Cost of Funds 14,027
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 164,487
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