Policemen's Federal Credit Union


Overview / Commentary
574-234-1524
1130 S Main St
South Bend, IN 46601-3888

Policemen's Federal Credit Union is headquartered in South Bend and is the 54th largest credit union in the state of Indiana. It is also the 2,142nd largest credit union in the nation. It was established in 1967 and as of March of 2021, it had grown to 10 employees and 4,988 members at 1 location. Policemen's Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Policemen's Federal Credit Union is open to anyone through supporting local law enforcement with a small, one time membership fee to the Fraternal Order of Police Associates. Membership is also open to members of the law enforcement community of St. Joseph County in Indiana.
See current membership details

Reviews (1)

Limited Membership

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Membership is limited to IN residents who are able to apply in person at an office of the credit union



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Policemen's Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #18393
Year Chartered1967
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.01%
Return on Equity - YTD0.04%
Annual Interest Income$306.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$72.3MM$62.2MM
LoansQ1 2021vs Q1 2020$22.8MM$25.6MM
DepositsQ1 2021vs Q1 2020$62.4MM$52.3MM
Equity CapitalQ1 2021vs Q1 2020$9.9MM$9.8MM
Loan Loss AllowanceQ1 2021vs Q1 2020$52.00K$32.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$77.00K$66.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates

Rates for Policemen's Federal Credit Union are currently being reviewed.

Locations


Policemen's Federal Credit Union Locations
Branch Office1130 S Main StSouth Bend, IN 46601-3338

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