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PASSAIC POLICE FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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