Jun, 30, 2024 — BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMFIELD, NJ with 1 branch location and about $8.10 million in total assets. Opened 73 years ago in 1951, BLOOMFIELD FIRE AND POLICE FEDERAL CREDIT UNION has about 1,278 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: | https://bfpfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,278 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7069 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,103,473 |
| CEO/Manager: | Louis Venezia |
| Chairperson: | Joseph Coletta |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 387,017 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,643,879 |
| Other Loans | 3,791,182 |
| TOTAL LOANS | 5,435,061 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -137,716 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 66,198 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,103,473 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,119 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,616 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,355,367 |
| All Other Shares & Deposits | 1,428,655 |
| TOTAL SHARES & DEPOSITS | 6,784,022 |
| TOTAL LIABILITIES | 6,791,757 |
| Regular Reserve | 0 |
| Other Reserves | 205,000 |
| Undivided Earnings | 1,106,716 |
| TOTAL EQUITY | 1,311,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,103,473 |
| INCOME & EXPENSE | |
| Loan Income | 230,289 |
| Investment Income | 10,306 |
| Other Income | 568 |
| Total Employee Compensation & Benefits | 124,027 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,756 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,405 |
| Cost of Funds | 23,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -15,677 |
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