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UNIVERSAL COOP FEDERAL CREDIT UNION

Dec, 31, 2020 — UNIVERSAL COOP FEDERAL CREDIT UNION is a federal credit union headquartered in Rio Grande, PR with 2 branch locations and about $28.17 million in total assets. Opened 64 years ago in 1957, UNIVERSAL COOP FEDERAL CREDIT UNION has about 3,180 members and employs 16 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)
PO Box 937
Rio Grande, PR 00745
Phone:(787) 887-2195
Fax:(787) 887-5622
Website:http://www.universalcoopfcu.com
Branches:2 branch locations
Members:3,180
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:Mar 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$28,165,634
CEO/Manager:Luis J Guzman
Chairperson:Juan A Perez-Mercado

Call Report

  • Real Estate Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,050,231
TOTAL INVESTMENTS 9,509,679
Loans Held for Sale 0
 
 Real Estate Loans 3,847,365
 Unsecured Loans 5,137,874
 Other Loans 1,198,568
 TOTAL LOANS 10,183,807
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -241,530
 Land And Building 144,410
 Other Fixed Assets 138,535
 NCUSIF Deposit 227,932
 All Other Assets 152,570
  TOTAL ASSETS 28,165,634
LIABILITIES & CAPITAL:  
 Dividends Payable 1,288
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 135,743
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 756,316
 Regular shares 11,319,770
 All Other Shares & Deposits 13,040,341
  TOTAL SHARES & DEPOSITS 25,116,427
  TOTAL LIABILITIES 25,253,458
 Regular Reserve 605,883
 Other Reserves 65,158
 Undivided Earnings 2,241,135
  TOTAL EQUITY 2,912,176
  TOTAL LIABILITIES, SHARES, & EQUITY 28,165,634
INCOME & EXPENSE  
 Loan Income 837,681
 Investment Income 192,052
 Other Income 129,030
 Total Employee Compensation & Benefits 347,202
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 480,984
 Non-operating Income & (Expense) -32,036
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 112,393
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 186,148
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