Dec, 31, 2023 — U.P. CONNECTION FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 2 branch locations and about $35.43 million in total assets. Opened 84 years ago in 1940, U.P. CONNECTION FEDERAL CREDIT UNION has about 2,587 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | U.P. CONNECTION FEDERAL CREDIT UNION |
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Address: (Main Office) | 6707 Grover St OMAHA, NE 68106-3611 |
Phone: | (402) 391-5838 |
Fax: | (402) 391-4310 |
Website: | https://www.upconnection.org |
Branches: | 2 branch locations |
Members: | 2,587 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4098 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $35,433,688 |
CEO/Manager: | Stephen Leddy |
Chairperson: | Carol A Daley |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,222,884 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,336,437 |
Unsecured Loans | 290,817 |
Other Loans | 7,388,984 |
TOTAL LOANS | 19,016,238 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,809 |
Land And Building | 1,154,820 |
Other Fixed Assets | 81,457 |
NCUSIF Deposit | 317,144 |
All Other Assets | 0 |
TOTAL ASSETS | 35,433,688 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,079 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 103,306 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,375,575 |
Regular shares | 16,572,381 |
All Other Shares & Deposits | 8,842,098 |
TOTAL SHARES & DEPOSITS | 30,790,054 |
TOTAL LIABILITIES | 30,894,439 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,539,249 |
TOTAL EQUITY | 4,539,249 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,433,688 |
INCOME & EXPENSE | |
Loan Income | 639,588 |
Investment Income | 288,174 |
Other Income | 313,365 |
Total Employee Compensation & Benefits | 593,173 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 597,154 |
Non-operating Income & (Expense) | 29,563 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 202,151 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -83,782 |
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