Dec, 31, 2023 — UPSTATE FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, SC with 4 branch locations and about $132.95 million in total assets. Opened 59 years ago in 1965, UPSTATE FEDERAL CREDIT UNION has about 15,917 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UPSTATE FEDERAL CREDIT UNION |
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Address: (Main Office) | 123 Broadbent Way ANDERSON, SC 29625 |
Phone: | (864) 359-3355 |
Fax: | (864) 328-0305 |
Website: | https://www.upstatefcu.org |
Branches: | 4 branch locations |
Members: | 15,917 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24484 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $132,948,045 |
CEO/Manager: | Donna J Metz |
Chairperson: | Chris E Neuenschwander |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,339,444 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,856,347 |
Unsecured Loans | 6,908,322 |
Other Loans | 61,925,352 |
TOTAL LOANS | 85,705,418 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -647,553 |
Land And Building | 3,647,895 |
Other Fixed Assets | 217,111 |
NCUSIF Deposit | 1,072,159 |
All Other Assets | 66,777 |
TOTAL ASSETS | 132,948,045 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 103,254 |
Notes & Interest Payable | 16,484,000 |
Accounts Payable & Other Liabilities | 433,770 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,243,095 |
Regular shares | 50,324,302 |
All Other Shares & Deposits | 26,042,031 |
TOTAL SHARES & DEPOSITS | 105,609,428 |
TOTAL LIABILITIES | 122,630,452 |
Regular Reserve | 0 |
Other Reserves | -1,646,512 |
Undivided Earnings | 11,964,105 |
TOTAL EQUITY | 10,317,593 |
TOTAL LIABILITIES, SHARES, & EQUITY | 132,948,045 |
INCOME & EXPENSE | |
Loan Income | 5,514,194 |
Investment Income | 772,382 |
Other Income | 1,463,540 |
Total Employee Compensation & Benefits | 3,744,191 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,493,084 |
Non-operating Income & (Expense) | 923,780 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 446,957 |
Cost of Funds | 1,141,868 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,891,523 |
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