Jun, 30, 2024 — ATLANTIC CITY POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTIC CITY, NJ with 1 branch location and about $2.19 million in total assets. Opened 85 years ago in 1939, ATLANTIC CITY POLICE FEDERAL CREDIT UNION has about 269 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: | 269 |
| 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: | $2,190,758 |
| CEO/Manager: | Ronald Krause |
| Chairperson: | Joseph Nolan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 282,795 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 270,344 |
| Other Loans | 22,351 |
| TOTAL LOANS | 292,695 |
| (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 | 20,599 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,190,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,656 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,239,658 |
| All Other Shares & Deposits | 658,480 |
| TOTAL SHARES & DEPOSITS | 1,898,138 |
| TOTAL LIABILITIES | 1,901,794 |
| Regular Reserve | 0 |
| Other Reserves | 28,066 |
| Undivided Earnings | 260,898 |
| TOTAL EQUITY | 288,964 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,190,758 |
| INCOME & EXPENSE | |
| Loan Income | 26,917 |
| Investment Income | 8,960 |
| Other Income | 2,459 |
| Total Employee Compensation & Benefits | 22,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,768 |
| Non-operating Income & (Expense) | 600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,626 |
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