Dec, 31, 2023 — NEWARK POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $5.61 million in total assets. Opened 83 years ago in 1941, NEWARK POLICE FEDERAL CREDIT UNION has about 1,242 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: | NEWARK POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Lincoln AVe NEWARK, NJ 07104 |
Phone: | (973) 733-6198 |
Fax: | (973) 483-0060 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,242 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4611 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,610,393 |
CEO/Manager: | Keith Rubel |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 401,613 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,788,881 |
Other Loans | 890,813 |
TOTAL LOANS | 3,679,694 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -204,259 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 44,128 |
All Other Assets | 0 |
TOTAL ASSETS | 5,610,393 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 36,588 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 39,871 |
Regular shares | 3,993,790 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,033,661 |
TOTAL LIABILITIES | 4,070,249 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,540,144 |
TOTAL EQUITY | 1,540,144 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,610,393 |
INCOME & EXPENSE | |
Loan Income | 417,019 |
Investment Income | 34,503 |
Other Income | 29,218 |
Total Employee Compensation & Benefits | 199,838 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 135,283 |
Non-operating Income & (Expense) | 19,680 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,000 |
Cost of Funds | 4,239 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 55,060 |
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