Dec, 31, 2023 — POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in UPPER MARLBORO, MD with 3 branch locations and about $175.21 million in total assets. Opened 89 years ago in 1935, POLICE FEDERAL CREDIT UNION has about 13,629 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 9100 Presidential Pkwy UPPER MARLBORO, MD 20772-2658 |
Phone: | (301) 817-1200 |
Fax: | (301) 817-1230 |
Website: | https://www.policefcu.com |
Branches: | 3 branch locations |
Members: | 13,629 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16401 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $175,212,473 |
CEO/Manager: | Tim Doyle |
Chairperson: | Danny C Gregg |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,874,448 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 68,973,297 |
Unsecured Loans | 9,520,017 |
Other Loans | 39,593,624 |
TOTAL LOANS | 118,086,937 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,267,525 |
Land And Building | 6,197,194 |
Other Fixed Assets | 329,411 |
NCUSIF Deposit | 1,408,605 |
All Other Assets | 0 |
TOTAL ASSETS | 175,212,473 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 178,085 |
Notes & Interest Payable | 8,018,220 |
Accounts Payable & Other Liabilities | 924,345 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,835,971 |
Regular shares | 43,777,451 |
All Other Shares & Deposits | 79,227,705 |
TOTAL SHARES & DEPOSITS | 145,841,127 |
TOTAL LIABILITIES | 154,961,777 |
Regular Reserve | 0 |
Other Reserves | -4,181,637 |
Undivided Earnings | 24,432,333 |
TOTAL EQUITY | 20,250,696 |
TOTAL LIABILITIES, SHARES, & EQUITY | 175,212,473 |
INCOME & EXPENSE | |
Loan Income | 5,090,852 |
Investment Income | 957,653 |
Other Income | 1,968,298 |
Total Employee Compensation & Benefits | 2,899,412 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,883,992 |
Non-operating Income & (Expense) | 63,488 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,936 |
Cost of Funds | 1,962,169 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 468,307 |
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