Dec, 31, 2023 — PLAINFIELD POLICE & FIREMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in PLAINFIELD, NJ with 0 branch location and about $1.80 million in total assets. Opened 86 years ago in 1938, PLAINFIELD POLICE & FIREMEN'S FEDERAL CREDIT UNION has about 517 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLAINFIELD POLICE & FIREMEN'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 315 Central Ave PLAINFIELD, NJ 07060-4206 |
| Phone: | (908) 753-3089 |
| Fax: | (908) 822-7193 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 517 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2892 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,799,276 |
| CEO/Manager: | J Joseph Woodring |
| Chairperson: | Carlton L Owens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,453 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 491,710 |
| Other Loans | 38,339 |
| TOTAL LOANS | 530,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,620 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 18,029 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,799,276 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,425 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 50,341 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,430,699 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,430,699 |
| TOTAL LIABILITIES | 1,482,465 |
| Regular Reserve | 0 |
| Other Reserves | 45,214 |
| Undivided Earnings | 271,597 |
| TOTAL EQUITY | 316,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,799,276 |
| INCOME & EXPENSE | |
| Loan Income | 67,356 |
| Investment Income | 25,152 |
| Other Income | 3,886 |
| Total Employee Compensation & Benefits | 60,648 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,964 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,000 |
| Cost of Funds | 8,102 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,320 |
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