Dec, 31, 2023 — UNION BUILDING TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in PARSIPPANY, NJ with 2 branch locations and about $87.68 million in total assets. Opened 51 years ago in 1973, UNION BUILDING TRADES FEDERAL CREDIT UNION has about 25,942 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNION BUILDING TRADES FEDERAL CREDIT UNION |
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Address: (Main Office) | 205 Cherry Hill Rd PARSIPPANY, NJ 07054 |
Phone: | (973) 263-0001 |
Fax: | (973) 263-5559 |
Website: | https://www.ubtfcu.org |
Branches: | 2 branch locations |
Members: | 25,942 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21244 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $87,682,665 |
CEO/Manager: | Robert J Kodan |
Chairperson: | Bradly J Ferguson |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,819,477 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,217,524 |
Unsecured Loans | 6,959,166 |
Other Loans | 10,131,976 |
TOTAL LOANS | 37,308,666 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -460,197 |
Land And Building | 0 |
Other Fixed Assets | 218,054 |
NCUSIF Deposit | 759,714 |
All Other Assets | 0 |
TOTAL ASSETS | 87,682,665 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,069,992 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,223,699 |
Regular shares | 62,721,219 |
All Other Shares & Deposits | 9,961,040 |
TOTAL SHARES & DEPOSITS | 74,905,959 |
TOTAL LIABILITIES | 76,975,951 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,706,714 |
TOTAL EQUITY | 10,706,714 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,682,665 |
INCOME & EXPENSE | |
Loan Income | 1,991,561 |
Investment Income | 1,058,238 |
Other Income | 650,897 |
Total Employee Compensation & Benefits | 1,792,172 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,951,882 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 195,567 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -174,614 |
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