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NEWARK POLICE FEDERAL CREDIT UNION

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
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
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:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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