Dec, 31, 2023 — ERIE POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $2.58 million in total assets. Opened 71 years ago in 1953, ERIE POLICE FEDERAL CREDIT UNION has about 468 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: | ERIE POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 State St Ste 303 ERIE, PA 16507 |
| Phone: | (814) 453-2540 |
| Fax: | (814) 453-2540 |
| Website: | https://www.eriepolicefcu1.com/ |
| Branches: | 1 branch locations |
| Members: | 468 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8626 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,581,899 |
| CEO/Manager: | Michelle Kraus |
| Chairperson: | Kenneth M Merchant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 324,239 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 232,109 |
| Other Loans | 1,184,776 |
| TOTAL LOANS | 1,416,885 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,314 |
| Land And Building | 169,525 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 20,429 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,581,899 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,036 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,907 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,847,207 |
| All Other Shares & Deposits | 138,809 |
| TOTAL SHARES & DEPOSITS | 1,986,016 |
| TOTAL LIABILITIES | 1,993,959 |
| Regular Reserve | 0 |
| Other Reserves | 101,725 |
| Undivided Earnings | 486,215 |
| TOTAL EQUITY | 587,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,581,899 |
| INCOME & EXPENSE | |
| Loan Income | 63,743 |
| Investment Income | 16,334 |
| Other Income | 180 |
| Total Employee Compensation & Benefits | 34,745 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 37,420 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,055 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,177 |
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