Jun, 30, 2021 — POPA FEDERAL CREDIT UNION is a federal credit union headquartered in Cerritos, CA with 4 branch locations and about $352.06 million in total assets. Opened 43 years ago in 1978, POPA FEDERAL CREDIT UNION has about 19,446 members and employs 48 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: | 19,446 |
| 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: | $352,055,036 |
| CEO/Manager: | Raymond Bartus |
| Chairperson: | Terry Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,789,236 |
| TOTAL INVESTMENTS | 86,141,362 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,959,161 |
| Unsecured Loans | 29,770,087 |
| Other Loans | 96,510,864 |
| TOTAL LOANS | 207,240,112 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,244,675 |
| Land And Building | 1,873,854 |
| Other Fixed Assets | 715,691 |
| NCUSIF Deposit | 2,814,300 |
| All Other Assets | 5,725,156 |
| TOTAL ASSETS | 352,055,036 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,390,260 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,841,956 |
| Regular shares | 168,728,880 |
| All Other Shares & Deposits | 86,850,960 |
| TOTAL SHARES & DEPOSITS | 314,421,796 |
| TOTAL LIABILITIES | 317,812,056 |
| Regular Reserve | 4,687,428 |
| Other Reserves | -420,069 |
| Undivided Earnings | 29,975,621 |
| TOTAL EQUITY | 34,242,980 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 352,055,036 |
| INCOME & EXPENSE | |
| Loan Income | 4,626,261 |
| Investment Income | 398,686 |
| Other Income | 303,702 |
| Total Employee Compensation & Benefits | 2,712,563 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,463,234 |
| Non-operating Income & (Expense) | -75,977 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -342,407 |
| Cost of Funds | 420,607 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,145,950 |
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