Dec, 31, 2023 — UNITED POLES FEDERAL CREDIT UNION is a federal credit union headquartered in PERTH AMBOY, NJ with 3 branch locations and about $59.98 million in total assets. Opened 59 years ago in 1965, UNITED POLES FEDERAL CREDIT UNION has about 1,996 members and employs 9 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: | https://www.unitedpolesfcu.com |
| Branches: | 3 branch locations |
| Members: | 1,996 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $59,978,930 |
| CEO/Manager: | IWONA A KARPETA |
| Chairperson: | THOMAS KAZALSKI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,605,580 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,312,012 |
| Unsecured Loans | 3,086,879 |
| Other Loans | 11,780,900 |
| TOTAL LOANS | 45,179,791 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -366,273 |
| Land And Building | 141,676 |
| Other Fixed Assets | 1,033,506 |
| NCUSIF Deposit | 453,277 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,978,930 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,164 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 987,263 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,653,611 |
| Regular shares | 22,871,918 |
| All Other Shares & Deposits | 21,858,858 |
| TOTAL SHARES & DEPOSITS | 54,384,387 |
| TOTAL LIABILITIES | 55,386,814 |
| Regular Reserve | 0 |
| Other Reserves | 43,469 |
| Undivided Earnings | 4,548,647 |
| TOTAL EQUITY | 4,592,116 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,978,930 |
| INCOME & EXPENSE | |
| Loan Income | 1,915,087 |
| Investment Income | 275,133 |
| Other Income | 121,539 |
| Total Employee Compensation & Benefits | 793,597 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,050,448 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,393 |
| Cost of Funds | 466,585 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,004 |
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