Dec, 31, 2021 — UNITED POLES FEDERAL CREDIT UNION is a federal credit union headquartered in PERTH AMBOY, NJ with 2 branch locations and about $51.15 million in total assets. Opened 57 years ago in 1965, UNITED POLES FEDERAL CREDIT UNION has about 1,899 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 |
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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: | 1,899 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16577 |
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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: | $51,150,444 |
CEO/Manager: | IWONA A KARPETA |
Chairperson: | THOMAS KAZALSKI |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,900,785 |
TOTAL INVESTMENTS | 11,838,087 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,406,792 |
Unsecured Loans | 2,584,708 |
Other Loans | 4,650,063 |
TOTAL LOANS | 32,641,563 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -207,376 |
Land And Building | 136,171 |
Other Fixed Assets | 15,783 |
NCUSIF Deposit | 384,328 |
All Other Assets | 441,103 |
TOTAL ASSETS | 51,150,444 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 592,981 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,101,370 |
Regular shares | 25,748,200 |
All Other Shares & Deposits | 11,066,199 |
TOTAL SHARES & DEPOSITS | 45,915,769 |
TOTAL LIABILITIES | 46,508,750 |
Regular Reserve | 240,574 |
Other Reserves | -39,536 |
Undivided Earnings | 4,440,656 |
TOTAL EQUITY | 4,641,694 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,150,444 |
INCOME & EXPENSE | |
Loan Income | 1,381,766 |
Investment Income | 131,356 |
Other Income | 246,054 |
Total Employee Compensation & Benefits | 673,804 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 879,331 |
Non-operating Income & (Expense) | 297,387 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,489 |
Cost of Funds | 87,644 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 516,777 |
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