Jun, 30, 2024 — PASSAIC POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PASSAIC, NJ with 1 branch location and about $9.07 million in total assets. Opened 66 years ago in 1958, PASSAIC POLICE FEDERAL CREDIT UNION has about 650 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 |
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Address: (Main Office) | 330 Passaic St PASSAIC, NJ 07055-5815 |
Phone: | (973) 365-3991 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 650 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12227 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,068,248 |
CEO/Manager: | Bart J Giaconia |
Chairperson: | Juan Nieves |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,158 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,622,896 |
Other Loans | 0 |
TOTAL LOANS | 1,622,896 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,183 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 75,942 |
All Other Assets | 0 |
TOTAL ASSETS | 9,068,248 |
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 | 8,096,150 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 8,096,150 |
TOTAL LIABILITIES | 8,100,307 |
Regular Reserve | 0 |
Other Reserves | 15,574 |
Undivided Earnings | 952,367 |
TOTAL EQUITY | 967,941 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,068,248 |
INCOME & EXPENSE | |
Loan Income | 96,878 |
Investment Income | 67,602 |
Other Income | 1,563 |
Total Employee Compensation & Benefits | 15,525 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,008 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 130,157 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,353 |
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