Dec, 31, 2021 — POPA FEDERAL CREDIT UNION is a federal credit union headquartered in CERRITOS, CA with 4 branch locations and about $356.36 million in total assets. Opened 44 years ago in 1978, POPA FEDERAL CREDIT UNION has about 19,888 members and employs 51 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: | http://www.popafcu.org |
| Branches: | 4 branch locations |
| Members: | 19,888 |
| 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: | $356,362,479 |
| CEO/Manager: | Raymond Bartus |
| Chairperson: | Terry Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 49,560,313 |
| TOTAL INVESTMENTS | 88,251,978 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 82,211,978 |
| Unsecured Loans | 32,182,022 |
| Other Loans | 94,184,953 |
| TOTAL LOANS | 208,578,953 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,118,344 |
| Land And Building | 1,728,855 |
| Other Fixed Assets | 742,474 |
| NCUSIF Deposit | 3,018,736 |
| All Other Assets | 5,599,514 |
| TOTAL ASSETS | 356,362,479 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,348,302 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,123,994 |
| Regular shares | 173,728,892 |
| All Other Shares & Deposits | 87,792,167 |
| TOTAL SHARES & DEPOSITS | 319,645,053 |
| TOTAL LIABILITIES | 321,993,355 |
| Regular Reserve | 4,687,428 |
| Other Reserves | -1,137,034 |
| Undivided Earnings | 30,818,730 |
| TOTAL EQUITY | 34,369,124 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 356,362,479 |
| INCOME & EXPENSE | |
| Loan Income | 9,375,299 |
| Investment Income | 895,225 |
| Other Income | 684,863 |
| Total Employee Compensation & Benefits | 5,658,921 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,299,020 |
| Non-operating Income & (Expense) | 75,972 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -462,521 |
| Cost of Funds | 742,205 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,153,708 |
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