Dec, 31, 2023 — UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) is a federal credit union headquartered in WETHERSFIELD, CT with 3 branch locations and about $44.26 million in total assets. Opened 65 years ago in 1959, UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) has about 3,208 members and employs 15 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 NEW ENGLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 21 Silas Deane Hwy WETHERSFIELD, CT 06109-1238 |
Phone: | (860) 296-4714 |
Fax: | (860) 296-3499 |
Website: | https://www.usnefcu.com |
Branches: | 3 branch locations |
Members: | 3,208 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13107 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,261,559 |
CEO/Manager: | George N Stachiw |
Chairperson: | Bohdan Sowa |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,656,763 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,602,138 |
Unsecured Loans | 1,703,077 |
Other Loans | 18,341,447 |
TOTAL LOANS | 32,646,662 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,320 |
Land And Building | 442,552 |
Other Fixed Assets | 55,602 |
NCUSIF Deposit | 411,971 |
All Other Assets | 0 |
TOTAL ASSETS | 44,261,559 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 110,190 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 83,721 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,724,810 |
Regular shares | 12,669,009 |
All Other Shares & Deposits | 20,469,630 |
TOTAL SHARES & DEPOSITS | 39,863,447 |
TOTAL LIABILITIES | 40,057,358 |
Regular Reserve | 0 |
Other Reserves | 675,266 |
Undivided Earnings | 3,528,935 |
TOTAL EQUITY | 4,204,201 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,261,559 |
INCOME & EXPENSE | |
Loan Income | 1,787,489 |
Investment Income | 286,247 |
Other Income | 85,927 |
Total Employee Compensation & Benefits | 784,972 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 723,308 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 401,113 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 304,162 |
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