Dec, 31, 2023 — HOUSTON POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 3 branch locations and about $917.94 million in total assets. Opened 87 years ago in 1937, HOUSTON POLICE FEDERAL CREDIT UNION has about 31,613 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOUSTON POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 Memorial Dr HOUSTON, TX 77007-7702 |
| Phone: | (713) 986-0200 |
| Fax: | (713) 986-0394 |
| Website: | https://www.hpcu.coop |
| Branches: | 3 branch locations |
| Members: | 31,613 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2357 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $917,937,740 |
| CEO/Manager: | Kim Foster |
| Chairperson: | Bobby Camp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,839,783 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 100,689,255 |
| Unsecured Loans | 118,573,773 |
| Other Loans | 259,442,387 |
| TOTAL LOANS | 478,705,415 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,069,555 |
| Land And Building | 11,675,243 |
| Other Fixed Assets | 592,899 |
| NCUSIF Deposit | 7,557,288 |
| All Other Assets | 553,677 |
| TOTAL ASSETS | 917,937,740 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,295,324 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 3,394,384 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 117,746,667 |
| Regular shares | 429,136,218 |
| All Other Shares & Deposits | 242,583,816 |
| TOTAL SHARES & DEPOSITS | 789,466,701 |
| TOTAL LIABILITIES | 829,156,409 |
| Regular Reserve | 0 |
| Other Reserves | -55,441,659 |
| Undivided Earnings | 144,222,990 |
| TOTAL EQUITY | 88,781,331 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 917,937,740 |
| INCOME & EXPENSE | |
| Loan Income | 27,950,432 |
| Investment Income | 6,239,510 |
| Other Income | 4,206,161 |
| Total Employee Compensation & Benefits | 8,151,849 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,665,222 |
| Non-operating Income & (Expense) | 152,991 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,187,636 |
| Cost of Funds | 13,782,410 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,604,015 |
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