Dec, 31, 2022 — POPA FEDERAL CREDIT UNION is a federal credit union headquartered in CERRITOS, CA with 4 branch locations and about $352.74 million in total assets. Opened 45 years ago in 1978, POPA FEDERAL CREDIT UNION has about 19,727 members and employs 53 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 |
| Phone: | (562) 229-9181 |
| Fax: | (562) 207-4402 |
| Website: | https://www.popafcu.org |
| Branches: | 4 branch locations |
| Members: | 19,727 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $352,738,149 |
| CEO/Manager: | Raymond Bartus |
| Chairperson: | Terry Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,439,030 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,901,550 |
| Unsecured Loans | 42,204,131 |
| Other Loans | 105,290,221 |
| TOTAL LOANS | 240,395,902 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,019,107 |
| Land And Building | 1,577,469 |
| Other Fixed Assets | 1,010,475 |
| NCUSIF Deposit | 3,052,219 |
| All Other Assets | 0 |
| TOTAL ASSETS | 352,738,149 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,636,343 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,111,037 |
| Regular shares | 181,081,319 |
| All Other Shares & Deposits | 79,610,724 |
| TOTAL SHARES & DEPOSITS | 321,803,080 |
| TOTAL LIABILITIES | 326,439,423 |
| Regular Reserve | 0 |
| Other Reserves | -11,730,840 |
| Undivided Earnings | 38,029,566 |
| TOTAL EQUITY | 26,298,726 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 352,738,149 |
| INCOME & EXPENSE | |
| Loan Income | 7,875,068 |
| Investment Income | 1,100,848 |
| Other Income | 637,722 |
| Total Employee Compensation & Benefits | 4,167,297 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,401,705 |
| Non-operating Income & (Expense) | 14,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,428 |
| Cost of Funds | 375,235 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,523,409 |
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