Dec, 31, 2023 — HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in HARRISON, NJ with 1 branch location and about $23.51 million in total assets. Opened 74 years ago in 1950, HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION has about 1,344 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION |
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Address: (Main Office) | 326 Harrison Ave HARRISON, NJ 07029-3059 |
Phone: | (973) 482-0963 |
Fax: | (973) 482-0744 |
Website: | https://www.hpffcu.org |
Branches: | 1 branch locations |
Members: | 1,344 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6638 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,511,898 |
CEO/Manager: | Carl E Honegger |
Chairperson: | Robert Greene |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,110,298 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,072,190 |
Unsecured Loans | 1,855,073 |
Other Loans | 4,811,823 |
TOTAL LOANS | 11,739,086 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,634 |
Land And Building | 0 |
Other Fixed Assets | 17,765 |
NCUSIF Deposit | 212,318 |
All Other Assets | 0 |
TOTAL ASSETS | 23,511,898 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,059 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,041,996 |
Regular shares | 12,058,634 |
All Other Shares & Deposits | 5,839,988 |
TOTAL SHARES & DEPOSITS | 19,940,618 |
TOTAL LIABILITIES | 19,969,677 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,542,221 |
TOTAL EQUITY | 3,542,221 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,511,898 |
INCOME & EXPENSE | |
Loan Income | 722,145 |
Investment Income | 285,939 |
Other Income | 13,515 |
Total Employee Compensation & Benefits | 347,938 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 319,790 |
Non-operating Income & (Expense) | 7,135 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 135,939 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 230,804 |
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