Dec, 31, 2023 — UKRAINIAN FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 14 branch locations and about $390.28 million in total assets. Opened 71 years ago in 1953, UKRAINIAN FEDERAL CREDIT UNION has about 27,267 members and employs 91 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 824 E Ridge Rd ROCHESTER, NY 14621 |
| Phone: | (585) 544-9518 |
| Fax: | (585) 338-2980 |
| Website: | https://ukrainianfcu.org |
| Branches: | 14 branch locations |
| Members: | 27,267 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8854 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $390,278,145 |
| CEO/Manager: | Oleg Lebedko |
| Chairperson: | Wasyl Kornylo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,466,521 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 255,582,338 |
| Unsecured Loans | 12,222,050 |
| Other Loans | 69,509,495 |
| TOTAL LOANS | 337,313,883 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,528,801 |
| Land And Building | 2,918,331 |
| Other Fixed Assets | 920,418 |
| NCUSIF Deposit | 2,907,837 |
| All Other Assets | 0 |
| TOTAL ASSETS | 390,278,145 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,249 |
| Notes & Interest Payable | 17,606,264 |
| Accounts Payable & Other Liabilities | 3,065,165 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,584,350 |
| Regular shares | 92,871,275 |
| All Other Shares & Deposits | 176,155,174 |
| TOTAL SHARES & DEPOSITS | 338,610,799 |
| TOTAL LIABILITIES | 359,301,477 |
| Regular Reserve | 0 |
| Other Reserves | 371,711 |
| Undivided Earnings | 30,604,957 |
| TOTAL EQUITY | 30,976,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 390,278,145 |
| INCOME & EXPENSE | |
| Loan Income | 15,398,711 |
| Investment Income | 631,663 |
| Other Income | 2,404,959 |
| Total Employee Compensation & Benefits | 5,699,019 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,453,402 |
| Non-operating Income & (Expense) | 71,814 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 235,536 |
| Cost of Funds | 5,792,468 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 362,153 |
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