Dec, 31, 2023 — BRIDGEPORT POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $27.16 million in total assets. Opened 70 years ago in 1954, BRIDGEPORT POLICE FEDERAL CREDIT UNION has about 2,112 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRIDGEPORT POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3590 Main St BRIDGEPORT, CT 06606 |
| Phone: | (203) 374-6500 |
| Fax: | (203) 374-5665 |
| Website: | https://www.mybpfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,112 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9582 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,162,568 |
| CEO/Manager: | Dawn Cuminotto |
| Chairperson: | Frank Podpolucha |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,269,779 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,901,639 |
| Other Loans | 6,046,770 |
| TOTAL LOANS | 9,948,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,031 |
| Land And Building | 99,248 |
| Other Fixed Assets | 57,734 |
| NCUSIF Deposit | 215,466 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,162,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 505 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 258,588 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,462,209 |
| Regular shares | 17,802,027 |
| All Other Shares & Deposits | 1,639,155 |
| TOTAL SHARES & DEPOSITS | 22,903,392 |
| TOTAL LIABILITIES | 23,162,485 |
| Regular Reserve | 0 |
| Other Reserves | 240,405 |
| Undivided Earnings | 3,759,678 |
| TOTAL EQUITY | 4,000,083 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,162,568 |
| INCOME & EXPENSE | |
| Loan Income | 615,994 |
| Investment Income | 389,636 |
| Other Income | 137,541 |
| Total Employee Compensation & Benefits | 490,885 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 356,589 |
| Non-operating Income & (Expense) | 5,858 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,390 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 442,581 |
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