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PASSAIC POLICE FEDERAL CREDIT UNION

Mar, 31, 2021 — PASSAIC POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PASSAIC, NJ with 1 branch location and about $7.85 million in total assets. Opened 63 years ago in 1958, PASSAIC POLICE FEDERAL CREDIT UNION has about 615 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:615
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:$7,847,408
CEO/Manager:Bart J Giaconia
Chairperson:Mauro Farallo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 112,923
TOTAL INVESTMENTS 6,361,517
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,339,466
 Other Loans 0
 TOTAL LOANS 1,339,466
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,661
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 67,163
 All Other Assets 0
  TOTAL ASSETS 7,847,408
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 6,872,821
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,872,821
  TOTAL LIABILITIES 6,876,978
 Regular Reserve 15,574
 Other Reserves 0
 Undivided Earnings 954,856
  TOTAL EQUITY 970,430
  TOTAL LIABILITIES, SHARES, & EQUITY 7,847,408
INCOME & EXPENSE  
 Loan Income 32,647
 Investment Income 23,958
 Other Income 0
 Total Employee Compensation & Benefits 3,320
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,354
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 36,574
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,357
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