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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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