Dec, 31, 2023 — POLICE & FIRE FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 17 branch locations and about $8.75 billion in total assets. Opened 86 years ago in 1938, POLICE & FIRE FEDERAL CREDIT UNION has about 445,487 members and employs 845 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POLICE & FIRE FEDERAL CREDIT UNION |
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Address: (Main Office) | 901 Arch St PHILADELPHIA, PA 19107-2404 |
Phone: | (215) 931-0300 |
Fax: | |
Website: | https://www.pffcu.org |
Branches: | 17 branch locations |
Members: | 445,487 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2551 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $8,753,805,783 |
CEO/Manager: | James Duke |
Chairperson: | Anthony La Rosa |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,477,555,890 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,437,621 |
Real Estate Loans | 3,759,278,342 |
Unsecured Loans | 555,613,738 |
Other Loans | 1,795,096,976 |
TOTAL LOANS | 6,109,989,056 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,154,137 |
Land And Building | 35,529,978 |
Other Fixed Assets | 15,462,637 |
NCUSIF Deposit | 64,841,459 |
All Other Assets | 542,486 |
TOTAL ASSETS | 8,753,805,783 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 85,466,135 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 544,665,704 |
Regular shares | 1,255,900,914 |
All Other Shares & Deposits | 5,402,134,289 |
TOTAL SHARES & DEPOSITS | 7,202,700,907 |
TOTAL LIABILITIES | 7,288,442,274 |
Regular Reserve | 0 |
Other Reserves | -52,416 |
Undivided Earnings | 1,465,415,925 |
TOTAL EQUITY | 1,465,363,509 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,753,805,783 |
INCOME & EXPENSE | |
Loan Income | 262,481,465 |
Investment Income | 107,002,105 |
Other Income | 44,287,920 |
Total Employee Compensation & Benefits | 69,126,444 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 63,268,642 |
Non-operating Income & (Expense) | -277,594 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,321,603 |
Cost of Funds | 191,014,865 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 129,089,801 |
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» See also Statement of Financial Condition