Policemen's Federal Credit Union


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

Policemen's Federal Credit Union is headquartered in South Bend and is the 53rd largest credit union in the state of Indiana. It is also the 2,157th largest credit union in the nation. It was established in 1967 and as of June of 2019, it had grown to 11 employees and 4,992 members at 1 location. Policemen's Federal Credit Union has a B+ 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

Posted by: Kaight | Oct 7, 2019

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



Health
B+
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
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD5.19%
Annual Interest Income$905.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$60.3MM$59.5MM
LoansQ2 2019vs Q2 2018$27.1MM$28.1MM
DepositsQ2 2019vs Q2 2018$50.7MM$50.4MM
Equity CapitalQ2 2019vs Q2 2018$9.5MM$9.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$90.00K$56.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$48.00K$58.00K
Real Estate OwnedQ2 2019vs Q2 2018$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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