Dec, 31, 2023 — UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in MIAMI, FL with 4 branch locations and about $255.50 million in total assets. Opened 77 years ago in 1947, UNIVERSITY CREDIT UNION has about 14,976 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 13241 SW 136th St MIAMI, FL 33186-5822 |
| Phone: | (786) 425-5000 |
| Fax: | (305) 534-4543 |
| Website: | https://www.myunicu.coop |
| Branches: | 4 branch locations |
| Members: | 14,976 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67348 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $255,503,563 |
| CEO/Manager: | Albert E Rose |
| Chairperson: | Scott Ingold |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,799,660 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 78,377,839 |
| Unsecured Loans | 13,182,767 |
| Other Loans | 17,565,712 |
| TOTAL LOANS | 109,126,318 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,097,694 |
| Land And Building | 8,591,549 |
| Other Fixed Assets | 566,990 |
| NCUSIF Deposit | 2,154,558 |
| All Other Assets | 0 |
| TOTAL ASSETS | 255,503,563 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 113,475 |
| Notes & Interest Payable | 25,416,667 |
| Accounts Payable & Other Liabilities | 3,790,262 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 63,661,819 |
| Regular shares | 78,611,167 |
| All Other Shares & Deposits | 72,795,529 |
| TOTAL SHARES & DEPOSITS | 215,068,515 |
| TOTAL LIABILITIES | 244,391,691 |
| Regular Reserve | 0 |
| Other Reserves | -11,779,421 |
| Undivided Earnings | 22,891,293 |
| TOTAL EQUITY | 11,111,872 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 255,503,563 |
| INCOME & EXPENSE | |
| Loan Income | 5,075,167 |
| Investment Income | 2,938,076 |
| Other Income | 794,904 |
| Total Employee Compensation & Benefits | 3,279,963 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,382,998 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 196,265 |
| Cost of Funds | 1,749,581 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,017,318 |
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