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PROFESSIONAL POLICE OFFICERS CREDIT UNION

Jun, 30, 2021 — PROFESSIONAL POLICE OFFICERS CREDIT UNION is a non-federally insured state credit union headquartered in Indianapolis, IN with 1 branch location and about $51.38 million in total assets. Opened 90 years ago in 1931, PROFESSIONAL POLICE OFFICERS CREDIT UNION has about 3,311 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.


ABA Routing Number: 274074066
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:3,311
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$51,377,022
CEO/Manager:Danny C Overley
Chairperson:Leo T Blackwell

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,184,346
TOTAL INVESTMENTS 25,175,833
Loans Held for Sale 0
 
 Real Estate Loans 5,417,218
 Unsecured Loans 1,476,778
 Other Loans 13,155,431
 TOTAL LOANS 20,049,427
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,238
 Land And Building 368,822
 Other Fixed Assets 0
 NCUSIF Deposit 0
 All Other Assets 616,832
  TOTAL ASSETS 51,377,022
LIABILITIES & CAPITAL:  
 Dividends Payable 35,000
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 39,594
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,263,703
 Regular shares 35,704,940
 All Other Shares & Deposits 4,544,755
  TOTAL SHARES & DEPOSITS 44,513,398
  TOTAL LIABILITIES 44,587,992
 Regular Reserve 1,791,343
 Other Reserves 0
 Undivided Earnings 4,997,687
  TOTAL EQUITY 6,789,030
  TOTAL LIABILITIES, SHARES, & EQUITY 51,377,022
INCOME & EXPENSE  
 Loan Income 372,612
 Investment Income 198,678
 Other Income 26,420
 Total Employee Compensation & Benefits 255,590
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 264,394
 Non-operating Income & (Expense) 78,925
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,500
 Cost of Funds 91,674
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 159,649
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