Dec, 31, 2023 — PASSAIC POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PASSAIC, NJ with 1 branch location and about $7.68 million in total assets. Opened 66 years ago in 1958, PASSAIC POLICE FEDERAL CREDIT UNION has about 628 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PASSAIC POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 330 Passaic St PASSAIC, NJ 07055-5815 |
| Phone: | (973) 365-3991 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 628 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12227 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,684,864 |
| CEO/Manager: | Bart J Giaconia |
| Chairperson: | Juan Nieves |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 230,899 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,979,282 |
| Other Loans | 0 |
| TOTAL LOANS | 1,979,282 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,678 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 76,921 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,684,864 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,157 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,128,027 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,128,027 |
| TOTAL LIABILITIES | 7,132,184 |
| Regular Reserve | 0 |
| Other Reserves | -304,738 |
| Undivided Earnings | 857,418 |
| TOTAL EQUITY | 552,680 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,684,864 |
| INCOME & EXPENSE | |
| Loan Income | 173,325 |
| Investment Income | 167,432 |
| Other Income | 3,607 |
| Total Employee Compensation & Benefits | 20,650 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,228 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 186,939 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -115,107 |
| ↑ Back to Top | |
» See also Statement of Financial Condition