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BUFFALO POLICE FEDERAL CREDIT UNION

Mar, 31, 2021 — BUFFALO POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in Buffalo, NY with 1 branch location and about $14.18 million in total assets. Opened 85 years ago in 1936, BUFFALO POLICE FEDERAL CREDIT UNION has about 2,293 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:2,293
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:$14,179,894
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 5,943,324
TOTAL INVESTMENTS 1,852,900
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,154,590
 Other Loans 4,070,365
 TOTAL LOANS 6,224,955
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,001
 Land And Building 0
 Other Fixed Assets 47,733
 NCUSIF Deposit 94,933
 All Other Assets 27,050
  TOTAL ASSETS 14,179,894
LIABILITIES & CAPITAL:  
 Dividends Payable 1,289
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 53,070
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,113,780
 Regular shares 9,938,094
 All Other Shares & Deposits 84,915
  TOTAL SHARES & DEPOSITS 12,136,789
  TOTAL LIABILITIES 12,191,148
 Regular Reserve 57,016
 Other Reserves 0
 Undivided Earnings 1,931,730
  TOTAL EQUITY 1,988,746
  TOTAL LIABILITIES, SHARES, & EQUITY 14,179,894
INCOME & EXPENSE  
 Loan Income 88,967
 Investment Income 7,647
 Other Income 27,655
 Total Employee Compensation & Benefits 64,310
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 48,780
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -3,967
 Cost of Funds 2,531
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 38,301
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