Credit Unions Near Me
National Credit Union Service Organization

POLAM FEDERAL CREDIT UNION

Jun, 30, 2021 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in REDWOOD CITY, CA with 5 branch locations and about $88.46 million in total assets. Opened 48 years ago in 1973, POLAM FEDERAL CREDIT UNION has about 3,184 members and employs 17 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:http://www.polamfcu.com
Branches:5 branch locations
Members:3,184
Credit Union Type:Federal Credit Union
Charter Number:21502
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1973
Last Audited:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$88,456,526
CEO/Manager:Mark Chrzanowski
Chairperson:Andrzej Wolny

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,628,640
TOTAL INVESTMENTS 10,273,856
Loans Held for Sale 0
 
 Real Estate Loans 47,650,949
 Unsecured Loans 77,731
 Other Loans 3,862,937
 TOTAL LOANS 51,591,617
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -436,000
 Land And Building 4,599,786
 Other Fixed Assets 176,314
 NCUSIF Deposit 638,088
 All Other Assets 984,225
  TOTAL ASSETS 88,456,526
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 248,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,908,733
 Regular shares 45,573,289
 All Other Shares & Deposits 12,498,062
  TOTAL SHARES & DEPOSITS 77,980,084
  TOTAL LIABILITIES 78,228,271
 Regular Reserve 1,605,000
 Other Reserves 0
 Undivided Earnings 8,623,255
  TOTAL EQUITY 10,228,255
  TOTAL LIABILITIES, SHARES, & EQUITY 88,456,526
INCOME & EXPENSE  
 Loan Income 988,271
 Investment Income 106,693
 Other Income 61,213
 Total Employee Compensation & Benefits 583,094
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 554,464
 Non-operating Income & (Expense) -2,703
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 414
 Cost of Funds 94,151
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 136,232
↑ Back to Top

Other Credit Unions

SOUTH SAN FRANCISCO CITY EMP FEDERAL CREDIT UNION
P.O. BOX 5641
SOUTH SAN FRANC, CA 94083-5641
SEQUOIA FEDERAL CREDIT UNION
530 EL CAMINO REAL
REDWOOD CITY, CA 94063
MY CREDIT UNION
510 VETERANS BLVD STE B
REDWOOD CITY, CA 94063
SAN MATEO CITY EMPLOYEES FEDERAL CREDIT UNION
CREDIT UNION, 330 W 20TH AVE
SAN MATEO, CA 94403
MENLO SURVEY FEDERAL CREDIT UNION
345 Middlefield Rd
MENLO PARK, CA 94025
UPWARD CREDIT UNION
1860 El Camino Real Ste 100
BURLINGAME, CA 94010-3106
BAY CITIES CREDIT UNION
P.O. BOX 30
HAYWARD, CA 94543
SRI FEDERAL CREDIT UNION
PO BOX 2284
MENLO PARK, CA 94026-2284
SAN MATEO CREDIT UNION
350 Convention Way
REDWOOD CITY, CA 94063
PROVIDENT CREDIT UNION
303 TWIN DOLPHIN DRIVE
REDWOOD CITY, CA 94065