Dec, 31, 2023 — BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMFIELD, NJ with 1 branch location and about $9.58 million in total assets. Opened 73 years ago in 1951, BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION has about 1,309 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: | BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 375 Franklin St BLOOMFIELD, NJ 07003-3414 |
Phone: | (973) 680-4123 |
Fax: | (973) 680-4217 |
Website: | https://bfpfcu.com |
Branches: | 1 branch locations |
Members: | 1,309 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7069 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,583,577 |
CEO/Manager: | Louis Venezia |
Chairperson: | Joseph Coletta |
ASSETS: | $ Amount |
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Cash & Equivalents | 489,597 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,660,877 |
Other Loans | 5,762,705 |
TOTAL LOANS | 7,423,582 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,536 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 64,934 |
All Other Assets | 0 |
TOTAL ASSETS | 9,583,577 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 80,774 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,274 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,515,449 |
All Other Shares & Deposits | 3,595,552 |
TOTAL SHARES & DEPOSITS | 8,111,001 |
TOTAL LIABILITIES | 8,200,049 |
Regular Reserve | 0 |
Other Reserves | 205,000 |
Undivided Earnings | 1,178,528 |
TOTAL EQUITY | 1,383,528 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,583,577 |
INCOME & EXPENSE | |
Loan Income | 389,724 |
Investment Income | 28,053 |
Other Income | 1,859 |
Total Employee Compensation & Benefits | 179,995 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 61,335 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,551 |
Cost of Funds | 115,106 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 39,649 |
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