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 |
↑ Back to Top |