Dec, 31, 2023 — UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 1 branch location and about $105.37 million in total assets. Opened 87 years ago in 1937, UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION has about 3,447 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION |
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Address: (Main Office) | 215 Old Campion Rd NEW HARTFORD, NY 13413-4953 |
Phone: | (315) 733-1596 |
Fax: | (315) 733-0228 |
Website: | https://ugefcu.com |
Branches: | 1 branch locations |
Members: | 3,447 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2252 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $105,367,615 |
CEO/Manager: | Lori Brown |
Chairperson: | Theodore Pytel Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 814,296 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 61,453,780 |
Unsecured Loans | 6,968,097 |
Other Loans | 17,095,676 |
TOTAL LOANS | 85,517,553 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -330,537 |
Land And Building | 1,385,998 |
Other Fixed Assets | 61,232 |
NCUSIF Deposit | 729,095 |
All Other Assets | 0 |
TOTAL ASSETS | 105,367,615 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,527,241 |
Accounts Payable & Other Liabilities | -1,901,015 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,049,705 |
Regular shares | 15,907,718 |
All Other Shares & Deposits | 52,906,922 |
TOTAL SHARES & DEPOSITS | 80,864,346 |
TOTAL LIABILITIES | 89,490,572 |
Regular Reserve | 0 |
Other Reserves | -1,572,045 |
Undivided Earnings | 17,449,088 |
TOTAL EQUITY | 15,877,043 |
TOTAL LIABILITIES, SHARES, & EQUITY | 105,367,615 |
INCOME & EXPENSE | |
Loan Income | 3,822,123 |
Investment Income | 622,730 |
Other Income | 35,199 |
Total Employee Compensation & Benefits | 724,847 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,011,713 |
Non-operating Income & (Expense) | -18,251 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
Cost of Funds | 1,769,392 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,418,853 |
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