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WORCESTER POLICE DEPARTMENT FEDERAL CREDIT UNION

Jun, 30, 2021 — WORCESTER POLICE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in Worcester, MA with 1 branch location and about $22.51 million in total assets. Opened 74 years ago in 1947, WORCESTER POLICE DEPARTMENT FEDERAL CREDIT UNION has about 1,142 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 West Boylston Street
Worcester, MA 01606
Phone:(508) 799-7677
Fax:(508) 799-7517
Website:http://www.wpdfcu.com
Branches:1 branch locations
Members:1,142
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,509,293
CEO/Manager:Julie-Anne Przypek
Chairperson:John Fallavollita

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,482,819
TOTAL INVESTMENTS 144,000
Loans Held for Sale 0
 
 Real Estate Loans 5,715,132
 Unsecured Loans 2,217,986
 Other Loans 7,702,747
 TOTAL LOANS 15,635,865
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,406
 Land And Building 993,572
 Other Fixed Assets 24,925
 NCUSIF Deposit 191,955
 All Other Assets 55,563
  TOTAL ASSETS 22,509,293
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,370
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,429,579
 Regular shares 10,968,669
 All Other Shares & Deposits 5,846,846
  TOTAL SHARES & DEPOSITS 20,245,094
  TOTAL LIABILITIES 20,267,464
 Regular Reserve 178,530
 Other Reserves 0
 Undivided Earnings 2,063,299
  TOTAL EQUITY 2,241,829
  TOTAL LIABILITIES, SHARES, & EQUITY 22,509,293
INCOME & EXPENSE  
 Loan Income 369,571
 Investment Income 2,276
 Other Income 35,560
 Total Employee Compensation & Benefits 211,982
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 120,644
 Non-operating Income & (Expense) 729
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -12,387
 Cost of Funds 91,958
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 30,802
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