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 |
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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 |
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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 |
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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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