Sep, 30, 2025 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in REDWOOD CITY, CA with 6 branch locations and about $77.51 million in total assets. Opened 53 years ago in 1973, POLAM FEDERAL CREDIT UNION has about 3,839 members and employs 20 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) | 770 Marshall St REDWOOD CITY, CA 94063-1846 |
| Phone: | (650) 367-8940 |
| Fax: | (650) 367-8945 |
| Website: | https://www.polamfcu.com |
| Branches: | 6 branch locations |
| Members: | 3,839 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21502 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $77,506,060 |
| CEO/Manager: | Mark Chrzanowski |
| Chairperson: | Andrzej Wolny |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,051,912 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,023,722 |
| Unsecured Loans | 235,198 |
| Other Loans | 10,891,357 |
| TOTAL LOANS | 65,150,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -302,900 |
| Land And Building | 5,045,776 |
| Other Fixed Assets | 142,189 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 574,490 |
| All Other Assets | 8,586 |
| TOTAL ASSETS | 77,506,060 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,550,860 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,718,392 |
| Regular shares | 32,214,387 |
| All Other Shares & Deposits | 15,797,728 |
| TOTAL SHARES & DEPOSITS | 65,730,507 |
| TOTAL LIABILITIES | 67,281,367 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,224,693 |
| TOTAL EQUITY | 10,224,693 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 77,506,060 |
| INCOME & EXPENSE | |
| Loan Income | 2,080,996 |
| Investment Income | 67,030 |
| Other Income | 147,819 |
| Total Employee Compensation & Benefits | 1,115,900 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,104,318 |
| Non-operating Income & (Expense) | -3,298 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,493 |
| Cost of Funds | 486,333 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -223,486 |
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