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BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION

Mar, 31, 2021 — BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in Bloomfield, NJ with 0 branch location and about $8.01 million in total assets. Opened 70 years ago in 1951, BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION has about 1,288 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
Address:
(Main Office)
375 Franklin St
Bloomfield, NJ 07003-3414
Phone:(973) 680-4123
Fax:(973) 680-4217
Website:http://bfpfcu.com
Branches:0 branch locations
Members:1,288
Credit Union Type:Federal Credit Union
Charter Number:7069
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1951
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,013,747
CEO/Manager:Louis Venezia
Chairperson:Joseph Coletta

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,648,182
TOTAL INVESTMENTS 1,123,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,740,585
 Other Loans 3,534,322
 TOTAL LOANS 5,274,907
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,777
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 56,435
 All Other Assets 0
  TOTAL ASSETS 8,013,747
LIABILITIES & CAPITAL:  
 Dividends Payable 24,219
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -3,664
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,842,372
 All Other Shares & Deposits 1,878,514
  TOTAL SHARES & DEPOSITS 6,720,886
  TOTAL LIABILITIES 6,741,441
 Regular Reserve 205,000
 Other Reserves 0
 Undivided Earnings 1,067,306
  TOTAL EQUITY 1,272,306
  TOTAL LIABILITIES, SHARES, & EQUITY 8,013,747
INCOME & EXPENSE  
 Loan Income 86,576
 Investment Income 4,437
 Other Income 130
 Total Employee Compensation & Benefits 39,841
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,248
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -13,727
 Cost of Funds 10,420
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 37,361
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