Dec, 31, 2023 — URBANA MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in URBANA, IL with 1 branch location and about $4.12 million in total assets. Opened 74 years ago in 1950, URBANA MUNICIPAL EMPLOYEES CREDIT UNION has about 791 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | URBANA MUNICIPAL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1606 Willow View Rd Ste 1O URBANA, IL 61802-7446 |
Phone: | (217) 337-0240 |
Fax: | (217) 337-7010 |
Website: | https://umecu-urbana.com |
Branches: | 1 branch locations |
Members: | 791 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64568 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,117,579 |
CEO/Manager: | Cathy A Graver |
Chairperson: | DEBORAH BOSCH-WHITT |
ASSETS: | $ Amount |
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Cash & Equivalents | 331,761 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 785,215 |
Other Loans | 2,469,703 |
TOTAL LOANS | 3,254,918 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,807 |
Land And Building | 0 |
Other Fixed Assets | 2,698 |
NCUSIF Deposit | 36,009 |
All Other Assets | 0 |
TOTAL ASSETS | 4,117,579 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,448,124 |
All Other Shares & Deposits | 1,132,138 |
TOTAL SHARES & DEPOSITS | 3,580,262 |
TOTAL LIABILITIES | 3,580,262 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 537,317 |
TOTAL EQUITY | 537,317 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,117,579 |
INCOME & EXPENSE | |
Loan Income | 222,281 |
Investment Income | 23,735 |
Other Income | 15,995 |
Total Employee Compensation & Benefits | 85,095 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 71,151 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,600 |
Cost of Funds | 53,531 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,419 |
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