Sep, 30, 2025 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $73.82 million in total assets. Opened 57 years ago in 1969, POLAM FEDERAL CREDIT UNION has about 2,105 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POLAM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 589 N LARCHMONT BLVD LOS ANGELES, CA 90004-1305 |
| Phone: | (323) 463-5137 |
| Fax: | (323) 460-4518 |
| Website: | https://www.polam.org |
| Branches: | 2 branch locations |
| Members: | 2,105 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19739 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $73,821,243 |
| CEO/Manager: | Jennifer Audette |
| Chairperson: | Mariusz Kicinski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,947,024 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,183,931 |
| Unsecured Loans | 428,267 |
| Other Loans | 2,839,038 |
| TOTAL LOANS | 37,451,236 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -130,000 |
| Land And Building | 665,148 |
| Other Fixed Assets | 40 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 625,256 |
| All Other Assets | 0 |
| TOTAL ASSETS | 73,821,243 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 638,159 |
| Accounts Payable & Other Liabilities | 223,716 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,941,206 |
| Regular shares | 12,062,440 |
| All Other Shares & Deposits | 46,500,803 |
| TOTAL SHARES & DEPOSITS | 65,504,449 |
| TOTAL LIABILITIES | 66,366,324 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,454,919 |
| TOTAL EQUITY | 7,454,919 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,821,243 |
| INCOME & EXPENSE | |
| Loan Income | 1,549,119 |
| Investment Income | 694,160 |
| Other Income | 74,122 |
| Total Employee Compensation & Benefits | 732,301 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 624,582 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,265,535 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -185,923 |
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