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HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION

Sep, 30, 2021 — HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in Harrison, NJ with 1 branch location and about $24.71 million in total assets. Opened 71 years ago in 1950, HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION has about 1,349 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:HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 31
Harrison, NJ 07029
Phone:(973) 482-0963
Fax:(973) 482-0744
Website:n/a
Branches:1 branch locations
Members:1,349
Credit Union Type:Federal Credit Union
Charter Number:6638
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1950
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$24,705,002
CEO/Manager:Carl E Honegger
Chairperson:Robert Greene

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,180,011
TOTAL INVESTMENTS 13,686,715
Loans Held for Sale 0
 
 Real Estate Loans 5,189,942
 Unsecured Loans 1,929,362
 Other Loans 2,556,383
 TOTAL LOANS 9,675,687
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -140,947
 Land And Building 0
 Other Fixed Assets 31,041
 NCUSIF Deposit 198,458
 All Other Assets 74,037
  TOTAL ASSETS 24,705,002
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,082
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,203,048
 Regular shares 14,159,086
 All Other Shares & Deposits 5,221,566
  TOTAL SHARES & DEPOSITS 21,583,700
  TOTAL LIABILITIES 21,620,782
 Regular Reserve 85,229
 Other Reserves 0
 Undivided Earnings 2,998,991
  TOTAL EQUITY 3,084,220
  TOTAL LIABILITIES, SHARES, & EQUITY 24,705,002
INCOME & EXPENSE  
 Loan Income 409,914
 Investment Income 150,979
 Other Income 8,653
 Total Employee Compensation & Benefits 230,866
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 190,062
 Non-operating Income & (Expense) 197,613
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 33,589
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 316,267
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