Dec, 31, 2023 — THE POLICE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN BRUNO, CA with 5 branch locations and about $1.08 billion in total assets. Opened 66 years ago in 1958, THE POLICE CREDIT UNION has about 43,307 members and employs 132 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE POLICE CREDIT UNION |
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Address: (Main Office) | 1250 Grundy Ln SAN BRUNO, CA 94066 |
Phone: | (415) 564-3800 |
Fax: | (415) 564-5519 |
Website: | https://www.thepolicecu.org |
Branches: | 5 branch locations |
Members: | 43,307 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60968 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,077,100,895 |
CEO/Manager: | EDDIE YOUNG |
Chairperson: | JOHN GOLDBERG |
ASSETS: | $ Amount |
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Cash & Equivalents | 30,591,954 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 413,063,391 |
Unsecured Loans | 56,783,288 |
Other Loans | 124,715,893 |
TOTAL LOANS | 594,562,572 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,488,351 |
Land And Building | 42,733,812 |
Other Fixed Assets | 2,615,086 |
NCUSIF Deposit | 8,534,502 |
All Other Assets | 0 |
TOTAL ASSETS | 1,077,100,895 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 35,000,000 |
Accounts Payable & Other Liabilities | 15,282,289 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 191,994,172 |
Regular shares | 362,074,198 |
All Other Shares & Deposits | 380,377,982 |
TOTAL SHARES & DEPOSITS | 934,446,352 |
TOTAL LIABILITIES | 984,728,641 |
Regular Reserve | 0 |
Other Reserves | -40,708,142 |
Undivided Earnings | 133,080,396 |
TOTAL EQUITY | 92,372,254 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,077,100,895 |
INCOME & EXPENSE | |
Loan Income | 26,402,590 |
Investment Income | 7,412,064 |
Other Income | 2,300,869 |
Total Employee Compensation & Benefits | 17,885,376 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,507,925 |
Non-operating Income & (Expense) | -4,762 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,679,170 |
Cost of Funds | 8,153,858 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,623,158 |
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