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PATERSON POLICE FEDERAL CREDIT UNION

Jun, 30, 2023 — PATERSON POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PATERSON, NJ with 1 branch location and about $5.44 million in total assets. Opened 71 years ago in 1953, PATERSON POLICE FEDERAL CREDIT UNION has about 567 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PATERSON POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
111 Broadway
PATERSON, NJ 07505-1124
Phone:(973) 321-1137
Fax:(973) 321-1154
Website:https://www.patersonpolicefcu.com
Branches:1 branch locations
Members:567
Credit Union Type:Federal Credit Union
Charter Number:8339
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1953
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,444,099
CEO/Manager:Danny Nichols
Chairperson:John Swistak

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 754,312
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 577,344
 Other Loans 634,525
 TOTAL LOANS 1,211,869
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -64,287
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 41,665
 All Other Assets 0
  TOTAL ASSETS 5,444,099
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,329
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,490,277
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,490,277
  TOTAL LIABILITIES 4,496,606
 Regular Reserve 0
 Other Reserves 65,397
 Undivided Earnings 882,096
  TOTAL EQUITY 947,493
  TOTAL LIABILITIES, SHARES, & EQUITY 5,444,099
INCOME & EXPENSE  
 Loan Income 76,899
 Investment Income 44,040
 Other Income 2
 Total Employee Compensation & Benefits 57,292
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 28,868
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 26,033
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 16,797
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