Jun, 30, 2024 — POLICEMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 1 branch location and about $85.08 million in total assets. Opened 58 years ago in 1967, POLICEMEN'S FEDERAL CREDIT UNION has about 5,296 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POLICEMEN'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1130 S Main St SOUTH BEND, IN 46601-3338 |
| Phone: | (574) 234-1524 |
| Fax: | (574) 234-1548 |
| Website: | https://www.policemensfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,296 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18393 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,084,097 |
| CEO/Manager: | BETH BERRY |
| Chairperson: | RONALD WILSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,707,822 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,437,904 |
| Unsecured Loans | 2,142,188 |
| Other Loans | 20,100,539 |
| TOTAL LOANS | 30,680,631 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,849 |
| Land And Building | 163,435 |
| Other Fixed Assets | 79,103 |
| NCUSIF Deposit | 714,967 |
| All Other Assets | 0 |
| TOTAL ASSETS | 85,084,097 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 273,460 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,089,232 |
| Regular shares | 41,335,293 |
| All Other Shares & Deposits | 18,070,402 |
| TOTAL SHARES & DEPOSITS | 73,494,927 |
| TOTAL LIABILITIES | 73,768,387 |
| Regular Reserve | 0 |
| Other Reserves | 1,108,563 |
| Undivided Earnings | 10,207,147 |
| TOTAL EQUITY | 11,315,710 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,084,097 |
| INCOME & EXPENSE | |
| Loan Income | 665,871 |
| Investment Income | 300,369 |
| Other Income | 504,592 |
| Total Employee Compensation & Benefits | 639,872 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 576,719 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 202,234 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 52,007 |
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