Dec, 31, 2023 — UNIVERSAL COOP FEDERAL CREDIT UNION is a federal credit union headquartered in RIO GRANDE, PR with 2 branch locations and about $27.88 million in total assets. Opened 67 years ago in 1957, UNIVERSAL COOP FEDERAL CREDIT UNION has about 3,448 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSAL COOP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14 Calle Pimentel RIO GRANDE, PR 00745 |
| Phone: | (787) 887-2195 |
| Fax: | (787) 887-5622 |
| Website: | https://www.universalcoopfcu.com |
| Branches: | 2 branch locations |
| Members: | 3,448 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11477 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,875,996 |
| CEO/Manager: | Ernesto Santiago Santos |
| Chairperson: | Juan A Perez-Mercado |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,490,790 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,768,733 |
| Unsecured Loans | 4,350,139 |
| Other Loans | 2,639,648 |
| TOTAL LOANS | 10,758,520 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,799 |
| Land And Building | 98,614 |
| Other Fixed Assets | 151,116 |
| NCUSIF Deposit | 275,507 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,875,996 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 713 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 156,489 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 865,675 |
| Regular shares | 24,340,837 |
| All Other Shares & Deposits | 753,301 |
| TOTAL SHARES & DEPOSITS | 25,959,813 |
| TOTAL LIABILITIES | 26,117,015 |
| Regular Reserve | 0 |
| Other Reserves | 711,233 |
| Undivided Earnings | 1,047,748 |
| TOTAL EQUITY | 1,758,981 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,875,996 |
| INCOME & EXPENSE | |
| Loan Income | 650,897 |
| Investment Income | 272,450 |
| Other Income | 181,533 |
| Total Employee Compensation & Benefits | 387,978 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 705,281 |
| Non-operating Income & (Expense) | 10,531 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,981 |
| Cost of Funds | 78,198 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -74,668 |
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» See also Statement of Financial Condition