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PATERSON POLICE FEDERAL CREDIT UNION

Mar, 31, 2021 — PATERSON POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in Paterson, NJ with 1 branch location and about $4.99 million in total assets. Opened 68 years ago in 1953, PATERSON POLICE FEDERAL CREDIT UNION has about 620 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
Address:
(Main Office)
111 Broadway
Paterson, NJ 07505-1124
Phone:(973) 321-1137
Fax:(973) 321-1154
Website:http://www.patersonpolicefcu.com
Branches:1 branch locations
Members:620
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,992,998
CEO/Manager:Danny Nichols
Chairperson:John Swistak

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 522,682
TOTAL INVESTMENTS 3,399,401
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 525,614
 Other Loans 542,044
 TOTAL LOANS 1,067,658
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -55,151
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 41,611
 All Other Assets 16,797
  TOTAL ASSETS 4,992,998
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,142
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,070,437
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,070,437
  TOTAL LIABILITIES 4,076,579
 Regular Reserve 65,397
 Other Reserves 0
 Undivided Earnings 851,022
  TOTAL EQUITY 916,419
  TOTAL LIABILITIES, SHARES, & EQUITY 4,992,998
INCOME & EXPENSE  
 Loan Income 22,689
 Investment Income 13,594
 Other Income 0
 Total Employee Compensation & Benefits 17,626
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,848
 Non-operating Income & (Expense) 200
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,615
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,394
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