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NEWARK POLICE FEDERAL CREDIT UNION

Mar, 31, 2021 — NEWARK POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $6.51 million in total assets. Opened 80 years ago in 1941, NEWARK POLICE FEDERAL CREDIT UNION has about 1,584 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:1,584
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:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,505,474
CEO/Manager:Keith Rubel
Chairperson:

Call Report

  • Risk Based Loans
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,062,941
TOTAL INVESTMENTS 2,343,334
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,440,097
 Other Loans 651,506
 TOTAL LOANS 2,091,603
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -79,450
 Land And Building 0
 Other Fixed Assets 25,158
 NCUSIF Deposit 48,806
 All Other Assets 13,082
  TOTAL ASSETS 6,505,474
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,959
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,971
 Regular shares 4,778,016
 All Other Shares & Deposits 197,108
  TOTAL SHARES & DEPOSITS 4,985,095
  TOTAL LIABILITIES 5,003,054
 Regular Reserve 122,744
 Other Reserves 0
 Undivided Earnings 1,379,676
  TOTAL EQUITY 1,502,420
  TOTAL LIABILITIES, SHARES, & EQUITY 6,505,474
INCOME & EXPENSE  
 Loan Income 48,286
 Investment Income 9,684
 Other Income 3,968
 Total Employee Compensation & Benefits 29,505
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 36,439
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,188
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,194
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