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NEWARK POLICE FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 83 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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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