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POLAM FEDERAL CREDIT UNION

Mar, 31, 2021 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $67.06 million in total assets. Opened 52 years ago in 1969, POLAM FEDERAL CREDIT UNION has about 2,008 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:2,008
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:$67,062,356
CEO/Manager:ANNA ILNICKI
Chairperson:Peter Bunikiewicz

Call Report

  • Commercial Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,263,140
TOTAL INVESTMENTS 25,162,891
Loans Held for Sale 0
 
 Real Estate Loans 30,763,278
 Unsecured Loans 310,003
 Other Loans 949,910
 TOTAL LOANS 32,023,191
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -653,290
 Land And Building 537,162
 Other Fixed Assets 9,482
 NCUSIF Deposit 521,788
 All Other Assets 197,992
  TOTAL ASSETS 67,062,356
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 262,794
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,026,798
 Regular shares 17,959,781
 All Other Shares & Deposits 32,490,650
  TOTAL SHARES & DEPOSITS 59,477,229
  TOTAL LIABILITIES 59,740,023
 Regular Reserve 536,319
 Other Reserves 0
 Undivided Earnings 6,786,014
  TOTAL EQUITY 7,322,333
  TOTAL LIABILITIES, SHARES, & EQUITY 67,062,356
INCOME & EXPENSE  
 Loan Income 311,088
 Investment Income 104,198
 Other Income 12,052
 Total Employee Compensation & Benefits 210,024
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 129,470
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 60,375
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 52,275
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