Dec, 31, 2023 — WORCESTER POLICE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in WORCESTER, MA with 1 branch location and about $23.64 million in total assets. Opened 77 years ago in 1947, WORCESTER POLICE DEPARTMENT FEDERAL CREDIT UNION has about 1,202 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WORCESTER POLICE DEPARTMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 805 W Boylston St WORCESTER, MA 01606-3032 |
| Phone: | (508) 799-7677 |
| Fax: | (508) 799-7517 |
| Website: | https://www.wpdfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,202 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24868 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,635,209 |
| CEO/Manager: | Julie-Anne Przypek |
| Chairperson: | John Fallavollita |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,994,285 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,662,223 |
| Unsecured Loans | 1,928,865 |
| Other Loans | 9,590,330 |
| TOTAL LOANS | 20,181,418 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,814 |
| Land And Building | 962,722 |
| Other Fixed Assets | 15,374 |
| NCUSIF Deposit | 205,799 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,635,209 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,503 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,933,230 |
| Regular shares | 10,882,310 |
| All Other Shares & Deposits | 6,150,542 |
| TOTAL SHARES & DEPOSITS | 20,966,082 |
| TOTAL LIABILITIES | 21,022,585 |
| Regular Reserve | 0 |
| Other Reserves | 178,530 |
| Undivided Earnings | 2,434,094 |
| TOTAL EQUITY | 2,612,624 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,635,209 |
| INCOME & EXPENSE | |
| Loan Income | 1,116,227 |
| Investment Income | 41,043 |
| Other Income | 85,618 |
| Total Employee Compensation & Benefits | 479,928 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 298,299 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,016 |
| Cost of Funds | 224,353 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 235,822 |
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» See also Statement of Financial Condition