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POLAM FEDERAL CREDIT UNION

Sep, 30, 2021 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $68.52 million in total assets. Opened 53 years ago in 1969, POLAM FEDERAL CREDIT UNION has about 1,999 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322078927
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:http://www.polam.org
Branches:2 branch locations
Members:1,999
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$68,521,007
CEO/Manager:Jennifer Audette
Chairperson:Mariusz Kicinski

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,143,422
TOTAL INVESTMENTS 26,584,891
Loans Held for Sale 0
 
 Real Estate Loans 30,893,739
 Unsecured Loans 294,998
 Other Loans 1,042,397
 TOTAL LOANS 32,231,134
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -653,290
 Land And Building 528,999
 Other Fixed Assets 8,483
 NCUSIF Deposit 516,877
 All Other Assets 160,491
  TOTAL ASSETS 68,521,007
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 126,786
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,211,385
 Regular shares 19,476,292
 All Other Shares & Deposits 32,256,222
  TOTAL SHARES & DEPOSITS 60,943,899
  TOTAL LIABILITIES 61,070,685
 Regular Reserve 536,319
 Other Reserves 0
 Undivided Earnings 6,914,003
  TOTAL EQUITY 7,450,322
  TOTAL LIABILITIES, SHARES, & EQUITY 68,521,007
INCOME & EXPENSE  
 Loan Income 966,150
 Investment Income 299,785
 Other Income 39,959
 Total Employee Compensation & Benefits 621,977
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 439,134
 Non-operating Income & (Expense) 13,187
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 153,598
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 180,265
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