Dec, 31, 2023 — PATERSON POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PATERSON, NJ with 1 branch location and about $5.14 million in total assets. Opened 71 years ago in 1953, PATERSON POLICE FEDERAL CREDIT UNION has about 516 members and employs 3 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 |
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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: | 516 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8339 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,137,885 |
CEO/Manager: | John Russo |
Chairperson: | John Swistak |
ASSETS: | $ Amount |
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Cash & Equivalents | 420,920 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 667,111 |
Other Loans | 731,253 |
TOTAL LOANS | 1,398,364 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,937 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 43,434 |
All Other Assets | 0 |
TOTAL ASSETS | 5,137,885 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,299 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,667,086 |
All Other Shares & Deposits | 509,826 |
TOTAL SHARES & DEPOSITS | 4,176,912 |
TOTAL LIABILITIES | 4,186,211 |
Regular Reserve | 0 |
Other Reserves | 65,397 |
Undivided Earnings | 886,277 |
TOTAL EQUITY | 951,674 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,137,885 |
INCOME & EXPENSE | |
Loan Income | 110,371 |
Investment Income | 78,940 |
Other Income | 2 |
Total Employee Compensation & Benefits | 76,912 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 39,055 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 87,448 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -14,621 |
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