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POLAM FEDERAL CREDIT UNION

Dec, 31, 2021 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $67.20 million in total assets. Opened 53 years ago in 1969, POLAM FEDERAL CREDIT UNION has about 2,023 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:2,023
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$67,202,101
CEO/Manager:Jennifer Audette
Chairperson:Mariusz Kicinski

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,115,532
TOTAL INVESTMENTS 29,136,891
Loans Held for Sale 0
 
 Real Estate Loans 30,752,091
 Unsecured Loans 281,378
 Other Loans 1,305,206
 TOTAL LOANS 32,338,675
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -648,001
 Land And Building 524,918
 Other Fixed Assets 7,916
 NCUSIF Deposit 530,202
 All Other Assets 195,968
  TOTAL ASSETS 67,202,101
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 115,823
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,636,200
 Regular shares 20,181,494
 All Other Shares & Deposits 31,781,674
  TOTAL SHARES & DEPOSITS 59,599,368
  TOTAL LIABILITIES 59,715,191
 Regular Reserve 536,319
 Other Reserves 0
 Undivided Earnings 6,950,591
  TOTAL EQUITY 7,486,910
  TOTAL LIABILITIES, SHARES, & EQUITY 67,202,101
INCOME & EXPENSE  
 Loan Income 1,262,535
 Investment Income 397,993
 Other Income 56,318
 Total Employee Compensation & Benefits 832,827
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 587,887
 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 193,166
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 216,852
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