Dec, 31, 2022 — NEWARK POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $6.46 million in total assets. Opened 82 years ago in 1941, NEWARK POLICE FEDERAL CREDIT UNION has about 2,128 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: | NEWARK POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Lincoln AVe NEWARK, NJ 07104 |
| Phone: | (973) 733-6198 |
| Fax: | (973) 483-0060 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 2,128 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4611 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,460,029 |
| CEO/Manager: | Keith Rubel |
| Chairperson: | Kirk Rubel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 881,792 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,509,119 |
| Other Loans | 880,744 |
| TOTAL LOANS | 3,389,863 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,448 |
| Land And Building | 0 |
| Other Fixed Assets | 9,935 |
| NCUSIF Deposit | 48,876 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,460,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,450 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,241 |
| Regular shares | 4,811,028 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,833,269 |
| TOTAL LIABILITIES | 4,856,719 |
| Regular Reserve | 0 |
| Other Reserves | 122,745 |
| Undivided Earnings | 1,480,565 |
| TOTAL EQUITY | 1,603,310 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,460,029 |
| INCOME & EXPENSE | |
| Loan Income | 246,876 |
| Investment Income | 14,179 |
| Other Income | 26,605 |
| Total Employee Compensation & Benefits | 138,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 91,826 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,596 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 66,076 |
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