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PASSAIC POLICE FEDERAL CREDIT UNION

Dec, 31, 2020 — PASSAIC POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PASSAIC, NJ with 1 branch location and about $8.59 million in total assets. Opened 63 years ago in 1958, PASSAIC POLICE FEDERAL CREDIT UNION has about 624 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:624
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$8,590,397
CEO/Manager:Bart J Giaconia
Chairperson:Mauro Farallo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 543,100
TOTAL INVESTMENTS 6,589,375
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,422,950
 Other Loans 0
 TOTAL LOANS 1,422,950
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,191
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 67,163
 All Other Assets 0
  TOTAL ASSETS 8,590,397
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 7,627,622
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,627,622
  TOTAL LIABILITIES 7,631,779
 Regular Reserve 15,574
 Other Reserves 0
 Undivided Earnings 943,044
  TOTAL EQUITY 958,618
  TOTAL LIABILITIES, SHARES, & EQUITY 8,590,397
INCOME & EXPENSE  
 Loan Income 144,752
 Investment Income 123,616
 Other Income 4,056
 Total Employee Compensation & Benefits 13,399
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,393
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 39,831
 Cost of Funds 198,100
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,701
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