Dec, 31, 2023 — POPA FEDERAL CREDIT UNION is a federal credit union headquartered in CERRITOS, CA with 4 branch locations and about $378.08 million in total assets. Opened 46 years ago in 1978, POPA FEDERAL CREDIT UNION has about 19,801 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POPA FEDERAL CREDIT UNION |
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Address: (Main Office) | 13304 Alondra Blvd CERRITOS, CA 90703 |
Phone: | (562) 229-9181 |
Fax: | (562) 207-4402 |
Website: | https://www.popafcu.org |
Branches: | 4 branch locations |
Members: | 19,801 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23004 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $378,076,194 |
CEO/Manager: | Raymond Bartus |
Chairperson: | Terry Black |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,420,030 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 104,827,768 |
Unsecured Loans | 54,553,807 |
Other Loans | 117,602,284 |
TOTAL LOANS | 276,983,859 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,852,001 |
Land And Building | 1,608,224 |
Other Fixed Assets | 913,179 |
NCUSIF Deposit | 3,154,856 |
All Other Assets | 0 |
TOTAL ASSETS | 378,076,194 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 26,000,000 |
Accounts Payable & Other Liabilities | 5,239,525 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 58,336,092 |
Regular shares | 151,463,726 |
All Other Shares & Deposits | 109,206,516 |
TOTAL SHARES & DEPOSITS | 319,006,334 |
TOTAL LIABILITIES | 350,245,859 |
Regular Reserve | 0 |
Other Reserves | -11,191,046 |
Undivided Earnings | 39,021,381 |
TOTAL EQUITY | 27,830,335 |
TOTAL LIABILITIES, SHARES, & EQUITY | 378,076,194 |
INCOME & EXPENSE | |
Loan Income | 16,130,010 |
Investment Income | 1,458,622 |
Other Income | 1,037,388 |
Total Employee Compensation & Benefits | 6,757,155 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,432,019 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,963,824 |
Cost of Funds | 3,970,656 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,037,974 |
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