Dec, 31, 2023 — PASSAIC POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in PASSAIC, NJ with 1 branch location and about $7.68 million in total assets. Opened 66 years ago in 1958, PASSAIC POLICE FEDERAL CREDIT UNION has about 628 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PASSAIC POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 330 Passaic St PASSAIC, NJ 07055-5815 |
Phone: | (973) 365-3991 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 628 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12227 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,684,864 |
CEO/Manager: | Bart J Giaconia |
Chairperson: | Juan Nieves |
ASSETS: | $ Amount |
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Cash & Equivalents | 230,899 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,979,282 |
Other Loans | 0 |
TOTAL LOANS | 1,979,282 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,678 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 76,921 |
All Other Assets | 0 |
TOTAL ASSETS | 7,684,864 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,157 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,128,027 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,128,027 |
TOTAL LIABILITIES | 7,132,184 |
Regular Reserve | 0 |
Other Reserves | -304,738 |
Undivided Earnings | 857,418 |
TOTAL EQUITY | 552,680 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,684,864 |
INCOME & EXPENSE | |
Loan Income | 173,325 |
Investment Income | 167,432 |
Other Income | 3,607 |
Total Employee Compensation & Benefits | 20,650 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,228 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 186,939 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -115,107 |
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