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National Credit Union Service Organization

UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION

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.


ABA Routing Number: 272079432
Name:UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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