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NEWARK POLICE FEDERAL CREDIT UNION

Mar, 31, 2022 — NEWARK POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $6.27 million in total assets. Opened 81 years ago in 1941, NEWARK POLICE FEDERAL CREDIT UNION has about 1,359 members and employs 4 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:1,359
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,273,583
CEO/Manager:Keith Rubel
Chairperson:

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,130,831
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,129,703
 Other Loans 835,578
 TOTAL LOANS 2,965,281
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,872
 Land And Building 0
 Other Fixed Assets 15,008
 NCUSIF Deposit 49,027
 All Other Assets 0
  TOTAL ASSETS 6,273,583
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,806
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,200
 Regular shares 4,512,034
 All Other Shares & Deposits 164,737
  TOTAL SHARES & DEPOSITS 4,689,971
  TOTAL LIABILITIES 4,712,777
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,560,806
  TOTAL EQUITY 1,560,806
  TOTAL LIABILITIES, SHARES, & EQUITY 6,273,583
INCOME & EXPENSE  
 Loan Income 76,950
 Investment Income 4,421
 Other Income 9,434
 Total Employee Compensation & Benefits 37,205
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,038
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,167
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,395
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