Dec, 31, 2020 — POPA FEDERAL CREDIT UNION is a federal credit union headquartered in Cerritos, CA with 4 branch locations and about $329.14 million in total assets. Opened 43 years ago in 1978, POPA FEDERAL CREDIT UNION has about 19,874 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POPA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 13304 Alondra Blvd Cerritos, CA 90703-2205 |
| Phone: | (562) 229-9181 |
| Fax: | (562) 207-4402 |
| Website: | http://www.popafcu.org |
| Branches: | 4 branch locations |
| Members: | 19,874 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23004 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $329,140,516 |
| CEO/Manager: | Raymond Bartus |
| Chairperson: | Terry Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,300,627 |
| TOTAL INVESTMENTS | 63,675,737 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,819,260 |
| Unsecured Loans | 28,644,094 |
| Other Loans | 98,098,452 |
| TOTAL LOANS | 202,561,806 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,514,600 |
| Land And Building | 1,971,218 |
| Other Fixed Assets | 740,942 |
| NCUSIF Deposit | 2,462,008 |
| All Other Assets | 5,942,778 |
| TOTAL ASSETS | 329,140,516 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,035,575 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,437,450 |
| Regular shares | 162,978,729 |
| All Other Shares & Deposits | 75,667,789 |
| TOTAL SHARES & DEPOSITS | 293,083,968 |
| TOTAL LIABILITIES | 295,119,543 |
| Regular Reserve | 4,687,428 |
| Other Reserves | 668,523 |
| Undivided Earnings | 28,665,022 |
| TOTAL EQUITY | 34,020,973 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 329,140,516 |
| INCOME & EXPENSE | |
| Loan Income | 9,355,697 |
| Investment Income | 742,857 |
| Other Income | 2,579,414 |
| Total Employee Compensation & Benefits | 5,416,820 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,021,830 |
| Non-operating Income & (Expense) | 72,245 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -426,780 |
| Cost of Funds | 1,093,271 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,645,072 |
| ↑ Back to Top | |