Overview / Commentary
Polam Federal Credit Union is headquartered in LOS ANGELES and is the 175th largest credit union in the state of California. It is also the 2,107th largest credit union in the nation. It was established in 1969 and as of December of 2024, it had grown to 9 employees and 2,117 members at 2 locations. Polam Federal Credit Union has a B health rating.
Field of Membership Restrictions
POLAM Federal Credit Union is open to residents of Southern California who are family and friends, or supporting members of the Polish American Congress (supporting donation of $20 can be made at time of membership opening).
See current membership details
Health
B
Data as of Q4 2024
Learn why bank health mattersAdditional 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. Polam Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 19739 |
| Year Chartered | 1969 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.27% |
| Return on Equity - YTD | -2.56% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $72.3MM$72.6MM |
| Loans | Q4 2024vs Q4 2023 | $38.4MM$36.7MM |
| Deposits | Q4 2024vs Q4 2023 | $63.9MM$65.9MM |
| Equity Capital | Q4 2024vs Q4 2023 | $7.6MM$6.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $130K$322K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $880K$6K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |