Dec, 31, 2023 — PROFESSIONAL POLICE OFFICERS CREDIT UNION is a non-federally insured state credit union headquartered in INDIANAPOLIS, IN with 1 branch location and about $50.48 million in total assets. Opened 93 years ago in 1931, PROFESSIONAL POLICE OFFICERS CREDIT UNION has about 3,306 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PROFESSIONAL POLICE OFFICERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1502 E Washington St INDIANAPOLIS, IN 46201-3849 |
| Phone: | (317) 327-2600 |
| Fax: | (317) 327-2610 |
| Website: | https://www.ppocu.org |
| Branches: | 1 branch locations |
| Members: | 3,306 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 82769 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,476,184 |
| CEO/Manager: | Danny C Overley |
| Chairperson: | Leo T Blackwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 501,633 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,538,476 |
| Unsecured Loans | 1,088,979 |
| Other Loans | 17,042,515 |
| TOTAL LOANS | 26,669,970 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,512 |
| Land And Building | 322,026 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,476,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 122,530 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 123,163 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,460,099 |
| Regular shares | 29,931,033 |
| All Other Shares & Deposits | 7,304,442 |
| TOTAL SHARES & DEPOSITS | 42,695,575 |
| TOTAL LIABILITIES | 42,941,268 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,534,916 |
| TOTAL EQUITY | 7,534,916 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,476,184 |
| INCOME & EXPENSE | |
| Loan Income | 1,158,414 |
| Investment Income | 529,650 |
| Other Income | 64,619 |
| Total Employee Compensation & Benefits | 588,628 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 679,243 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,500 |
| Cost of Funds | 280,709 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 410,539 |
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