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POLISH-AMERICAN FEDERAL CREDIT UNION

Mar, 31, 2022 — POLISH-AMERICAN FEDERAL CREDIT UNION is a federal credit union headquartered in TROY, MI with 2 branch locations and about $169.74 million in total assets. Opened 46 years ago in 1976, POLISH-AMERICAN FEDERAL CREDIT UNION has about 6,827 members and employs 24 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:6,827
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$169,744,724
CEO/Manager:John A Swidwinski
Chairperson:Mark Reaume

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,089,205
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 73,157,542
 Unsecured Loans 2,629,906
 Other Loans 7,413,342
 TOTAL LOANS 83,200,790
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -377,613
 Land And Building 1,022,006
 Other Fixed Assets 43,720
 NCUSIF Deposit 1,413,361
 All Other Assets 0
  TOTAL ASSETS 169,744,724
LIABILITIES & CAPITAL:  
 Dividends Payable 224,680
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 292,670
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 33,006,150
 Regular shares 50,411,974
 All Other Shares & Deposits 69,706,813
  TOTAL SHARES & DEPOSITS 153,124,937
  TOTAL LIABILITIES 153,642,287
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 16,102,437
  TOTAL EQUITY 16,102,437
  TOTAL LIABILITIES, SHARES, & EQUITY 169,744,724
INCOME & EXPENSE  
 Loan Income 735,574
 Investment Income 127,590
 Other Income 154,051
 Total Employee Compensation & Benefits 400,747
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 308,165
 Non-operating Income & (Expense) 1,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 156,021
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 153,782
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