Dec, 31, 2023 — BUFFALO POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $15.59 million in total assets. Opened 88 years ago in 1936, BUFFALO POLICE FEDERAL CREDIT UNION has about 2,414 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: | BUFFALO POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 68 Court St Rm 180 BUFFALO, NY 14202-3405 |
| Phone: | (716) 851-4490 |
| Fax: | (716) 852-3494 |
| Website: | https://www.buffalopolicefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,414 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1157 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,592,680 |
| CEO/Manager: | Lori West |
| Chairperson: | Dennis Richards |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,716,302 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,584,444 |
| Other Loans | 7,198,439 |
| TOTAL LOANS | 9,782,884 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,750 |
| Land And Building | 0 |
| Other Fixed Assets | 4,328 |
| NCUSIF Deposit | 132,639 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,592,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,042 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 91,893 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,445,443 |
| Regular shares | 10,111,792 |
| All Other Shares & Deposits | 208,700 |
| TOTAL SHARES & DEPOSITS | 12,765,935 |
| TOTAL LIABILITIES | 12,859,870 |
| Regular Reserve | 0 |
| Other Reserves | 57,015 |
| Undivided Earnings | 2,675,795 |
| TOTAL EQUITY | 2,732,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,592,680 |
| INCOME & EXPENSE | |
| Loan Income | 485,322 |
| Investment Income | 210,894 |
| Other Income | 147,967 |
| Total Employee Compensation & Benefits | 286,821 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 233,756 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,225 |
| Cost of Funds | 28,205 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 416,056 |
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