Dec, 31, 2023 — UNITED POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI, FL with 1 branch location and about $54.73 million in total assets. Opened 88 years ago in 1936, UNITED POLICE FEDERAL CREDIT UNION has about 4,891 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.
| Name: | UNITED POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2300 NW 14th St MIAMI, FL 33125-2104 |
| Phone: | (305) 329-1400 |
| Fax: | (305) 329-1780 |
| Website: | https://www.unitedpolicefcu.com |
| Branches: | 1 branch locations |
| Members: | 4,891 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 971 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,731,608 |
| CEO/Manager: | James Angleton |
| Chairperson: | Hector Mirabile |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,414,566 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,842,123 |
| Unsecured Loans | 2,523,048 |
| Other Loans | 12,137,316 |
| TOTAL LOANS | 27,502,489 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,559 |
| Land And Building | 4,541 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 420,842 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,731,608 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,905,854 |
| Accounts Payable & Other Liabilities | 482,056 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,247,983 |
| Regular shares | 27,433,062 |
| All Other Shares & Deposits | 5,681,970 |
| TOTAL SHARES & DEPOSITS | 43,363,015 |
| TOTAL LIABILITIES | 46,750,925 |
| Regular Reserve | 0 |
| Other Reserves | 174,352 |
| Undivided Earnings | 7,806,331 |
| TOTAL EQUITY | 7,980,683 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,731,608 |
| INCOME & EXPENSE | |
| Loan Income | 1,120,491 |
| Investment Income | 1,373,701 |
| Other Income | 300,936 |
| Total Employee Compensation & Benefits | 765,205 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,425,483 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,567 |
| Cost of Funds | 217,523 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 440,718 |
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