Jun, 30, 2024 — POLAM FEDERAL CREDIT UNION is a federal credit union headquartered in REDWOOD CITY, CA with 5 branch locations and about $93.64 million in total assets. Opened 51 years ago in 1973, POLAM FEDERAL CREDIT UNION has about 3,187 members and employs 19 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: | 5 branch locations |
Members: | 3,187 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21502 |
---|---|
Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Oct 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $93,644,988 |
CEO/Manager: | Mark Chrzanowski |
Chairperson: | Andrzej Wolny |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 12,792,811 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,315,127 |
Unsecured Loans | 123,529 |
Other Loans | 11,066,239 |
TOTAL LOANS | 64,504,895 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -435,000 |
Land And Building | 5,154,376 |
Other Fixed Assets | 163,286 |
NCUSIF Deposit | 736,029 |
All Other Assets | 8,586 |
TOTAL ASSETS | 93,644,988 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 430,121 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,569,505 |
Regular shares | 52,158,435 |
All Other Shares & Deposits | 11,889,379 |
TOTAL SHARES & DEPOSITS | 82,617,319 |
TOTAL LIABILITIES | 83,047,440 |
Regular Reserve | 0 |
Other Reserves | 1,605,000 |
Undivided Earnings | 8,992,548 |
TOTAL EQUITY | 10,597,548 |
TOTAL LIABILITIES, SHARES, & EQUITY | 93,644,988 |
INCOME & EXPENSE | |
Loan Income | 1,631,542 |
Investment Income | 164,632 |
Other Income | 98,767 |
Total Employee Compensation & Benefits | 992,542 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 894,232 |
Non-operating Income & (Expense) | -3,792 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 445 |
Cost of Funds | 133,844 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 208,326 |
↑ Back to Top |