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ELIZABETH POLICE DEPARTMENT E FEDERAL CREDIT UNION

Dec, 31, 2021 — ELIZABETH POLICE DEPARTMENT E FEDERAL CREDIT UNION is a federal credit union headquartered in ELIZABETH, NJ with 1 branch location and about $2.25 million in total assets. Opened 83 years ago in 1939, ELIZABETH POLICE DEPARTMENT E FEDERAL CREDIT UNION has about 327 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ELIZABETH POLICE DEPARTMENT E FEDERAL CREDIT UNION
Address:
(Main Office)
1 POLICE PLZ
ELIZABETH, NJ 07201-2300
Phone:(908) 558-2085
Fax:(908) 558-0048
Website:n/a
Branches:1 branch locations
Members:327
Credit Union Type:Federal Credit Union
Charter Number:3356
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1939
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$2,252,131
CEO/Manager:Dennis Cabarle
Chairperson:JAMES KEARNS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 165,883
TOTAL INVESTMENTS 1,206,776
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 887,872
 Other Loans 0
 TOTAL LOANS 887,872
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,988
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 13,841
 All Other Assets 10,747
  TOTAL ASSETS 2,252,131
LIABILITIES & CAPITAL:  
 Dividends Payable 582
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,844
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,343,170
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,343,170
  TOTAL LIABILITIES 1,357,596
 Regular Reserve 97,603
 Other Reserves 0
 Undivided Earnings 796,932
  TOTAL EQUITY 894,535
  TOTAL LIABILITIES, SHARES, & EQUITY 2,252,131
INCOME & EXPENSE  
 Loan Income 91,012
 Investment Income 5,268
 Other Income 1,771
 Total Employee Compensation & Benefits 103,126
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,961
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 527
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -60,417
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