Jun, 30, 2021 — UNITED POLES FEDERAL CREDIT UNION is a federal credit union headquartered in PERTH AMBOY, NJ with 2 branch locations and about $49.45 million in total assets. Opened 56 years ago in 1965, UNITED POLES FEDERAL CREDIT UNION has about 1,925 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED POLES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 412 NEW BRUNSWICK AVE PERTH AMBOY, NJ 08861 |
| Phone: | (800) 333-7713 |
| Fax: | (732) 442-1443 |
| Website: | www.unitedpolesfcu.com |
| Branches: | 2 branch locations |
| Members: | 1,925 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16577 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,452,522 |
| CEO/Manager: | IWONA A KARPETA |
| Chairperson: | THOMAS KAZALSKI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,893,355 |
| TOTAL INVESTMENTS | 9,778,958 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,316,741 |
| Unsecured Loans | 3,461,413 |
| Other Loans | 4,181,758 |
| TOTAL LOANS | 33,959,912 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -244,966 |
| Land And Building | 142,176 |
| Other Fixed Assets | 20,596 |
| NCUSIF Deposit | 384,328 |
| All Other Assets | 518,163 |
| TOTAL ASSETS | 49,452,522 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 596,149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,630,037 |
| Regular shares | 25,616,107 |
| All Other Shares & Deposits | 10,195,812 |
| TOTAL SHARES & DEPOSITS | 44,441,956 |
| TOTAL LIABILITIES | 45,038,105 |
| Regular Reserve | 240,574 |
| Other Reserves | 15,422 |
| Undivided Earnings | 4,158,421 |
| TOTAL EQUITY | 4,414,417 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,452,522 |
| INCOME & EXPENSE | |
| Loan Income | 689,406 |
| Investment Income | 65,719 |
| Other Income | 188,617 |
| Total Employee Compensation & Benefits | 325,649 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 447,198 |
| Non-operating Income & (Expense) | 96,678 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,269 |
| Cost of Funds | 41,240 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 234,542 |
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