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POLISH-AMERICAN FEDERAL CREDIT UNION

Jun, 30, 2021 — POLISH-AMERICAN FEDERAL CREDIT UNION is a federal credit union headquartered in TROY, MI with 2 branch locations and about $161.62 million in total assets. Opened 45 years ago in 1976, POLISH-AMERICAN FEDERAL CREDIT UNION has about 6,766 members and employs 25 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: 272486407
Name:POLISH-AMERICAN FEDERAL CREDIT UNION
Address:
(Main Office)
2889 E MAPLE RD
TROY, MI 48083
Phone:(248) 619-0440
Fax:(248) 619-3230
Website:http://www.mypafcu.com
Branches:2 branch locations
Members:6,766
Credit Union Type:Federal Credit Union
Charter Number:22280
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1976
Last Audited:Jul 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$161,623,506
CEO/Manager:John A Swidwinski
Chairperson:Stefan Kobylecki

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 40,869,361
TOTAL INVESTMENTS 35,744,200
Loans Held for Sale 0
 
 Real Estate Loans 72,119,223
 Unsecured Loans 2,635,561
 Other Loans 7,095,939
 TOTAL LOANS 81,850,723
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -407,346
 Land And Building 1,057,199
 Other Fixed Assets 81,999
 NCUSIF Deposit 1,285,631
 All Other Assets 1,141,739
  TOTAL ASSETS 161,623,506
LIABILITIES & CAPITAL:  
 Dividends Payable 260,321
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 252,270
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 30,132,988
 Regular shares 46,246,423
 All Other Shares & Deposits 69,103,955
  TOTAL SHARES & DEPOSITS 145,483,366
  TOTAL LIABILITIES 145,995,957
 Regular Reserve 1,495,057
 Other Reserves 0
 Undivided Earnings 14,132,492
  TOTAL EQUITY 15,627,549
  TOTAL LIABILITIES, SHARES, & EQUITY 161,623,506
INCOME & EXPENSE  
 Loan Income 1,575,584
 Investment Income 122,582
 Other Income 305,075
 Total Employee Compensation & Benefits 781,107
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 629,038
 Non-operating Income & (Expense) 3,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,500
 Cost of Funds 358,963
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 228,633
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