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ATLANTIC CITY POLICE FEDERAL CREDIT UNION

Mar, 31, 2022 — ATLANTIC CITY POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTIC CITY, NJ with 1 branch location and about $2.30 million in total assets. Opened 83 years ago in 1939, ATLANTIC CITY POLICE FEDERAL CREDIT UNION has about 276 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ATLANTIC CITY POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
2715 Atlantic Ave
ATLANTIC CITY, NJ 08401
Phone:(609) 348-5905
Fax:(609) 348-5905
Website:n/a
Branches:1 branch locations
Members:276
Credit Union Type:Federal Credit Union
Charter Number:3420
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1939
Last Audited:Nov 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$2,302,676
CEO/Manager:Ronald Krause
Chairperson:Joseph Nolan

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 514,598
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 233,982
 Other Loans 39,528
 TOTAL LOANS 273,510
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,196
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 22,355
 All Other Assets 0
  TOTAL ASSETS 2,302,676
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,175
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,189,005
 All Other Shares & Deposits 827,515
  TOTAL SHARES & DEPOSITS 2,016,520
  TOTAL LIABILITIES 2,018,695
 Regular Reserve 0
 Other Reserves 28,066
 Undivided Earnings 255,915
  TOTAL EQUITY 283,981
  TOTAL LIABILITIES, SHARES, & EQUITY 2,302,676
INCOME & EXPENSE  
 Loan Income 8,169
 Investment Income 1,374
 Other Income 1,075
 Total Employee Compensation & Benefits 7,500
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,758
 Non-operating Income & (Expense) 200
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 439
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -879
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