Dec, 31, 2023 — NEW ORLEANS POLICE DEPARTMENT EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $21.17 million in total assets. Opened 96 years ago in 1928, NEW ORLEANS POLICE DEPARTMENT EMP. CREDIT UNION has about 1,710 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW ORLEANS POLICE DEPARTMENT EMP. CREDIT UNION |
|---|---|
| Address: (Main Office) | 715 S Broad St Rm 408 NEW ORLEANS, LA 70119-7416 |
| Phone: | (504) 658-5570 |
| Fax: | (504) 658-5183 |
| Website: | https://www.nopdecu.com |
| Branches: | 1 branch locations |
| Members: | 1,710 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63008 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,174,230 |
| CEO/Manager: | TERRENCE J DUFFY, SR |
| Chairperson: | Michael O Ellington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,567,587 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 8,003,455 |
| Other Loans | 0 |
| TOTAL LOANS | 8,003,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,000 |
| Land And Building | 0 |
| Other Fixed Assets | 2,554 |
| NCUSIF Deposit | 112,135 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,174,230 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 958,389 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 11,315,550 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 11,315,550 |
| TOTAL LIABILITIES | 12,273,939 |
| Regular Reserve | 0 |
| Other Reserves | 830,000 |
| Undivided Earnings | 8,070,291 |
| TOTAL EQUITY | 8,900,291 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,174,230 |
| INCOME & EXPENSE | |
| Loan Income | 1,170,290 |
| Investment Income | 328,413 |
| Other Income | 717 |
| Total Employee Compensation & Benefits | 302,480 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 91,397 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 958,389 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 147,154 |
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