Dec, 31, 2023 — UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 2 branch locations and about $129.92 million in total assets. Opened 72 years ago in 1952, UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION has about 4,281 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 26791 Ryan Rd WARREN, MI 48091-4073 |
Phone: | (586) 756-3300 |
Fax: | (586) 756-4316 |
Website: | https://www.usmfcu.org |
Branches: | 2 branch locations |
Members: | 4,281 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8000 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $129,915,410 |
CEO/Manager: | Khrystyna Ferenchuk |
Chairperson: | John Dicky |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,032,269 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,387,278 |
Unsecured Loans | 1,183,368 |
Other Loans | 8,584,000 |
TOTAL LOANS | 45,177,851 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -181,253 |
Land And Building | 607,739 |
Other Fixed Assets | 159,609 |
NCUSIF Deposit | 1,059,355 |
All Other Assets | 0 |
TOTAL ASSETS | 129,915,410 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 586,930 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 787,029 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,730,856 |
Regular shares | 54,972,080 |
All Other Shares & Deposits | 44,319,598 |
TOTAL SHARES & DEPOSITS | 115,022,534 |
TOTAL LIABILITIES | 116,396,493 |
Regular Reserve | 0 |
Other Reserves | -3,092,884 |
Undivided Earnings | 16,611,801 |
TOTAL EQUITY | 13,518,917 |
TOTAL LIABILITIES, SHARES, & EQUITY | 129,915,410 |
INCOME & EXPENSE | |
Loan Income | 1,806,752 |
Investment Income | 2,099,467 |
Other Income | 101,277 |
Total Employee Compensation & Benefits | 1,227,470 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,477,906 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,026 |
Cost of Funds | 1,088,990 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 414,277 |
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