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UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU)

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
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
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

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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