Dec, 31, 2020 — UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) is a federal credit union headquartered in WETHERSFIELD, CT with 3 branch locations and about $41.22 million in total assets. Opened 62 years ago in 1959, UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) has about 2,888 members and employs 14 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 SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 21 SILAS DEANE HWY WETHERSFIELD, CT 06109-1238 |
Phone: | (860) 296-4714 |
Fax: | (860) 296-3499 |
Website: | http://www.usnefcu.com |
Branches: | 3 branch locations |
Members: | 2,888 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13107 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Oct 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,218,887 |
CEO/Manager: | George N Stachiw |
Chairperson: | Bohdan Sowa |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,408,451 |
TOTAL INVESTMENTS | 9,302,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,454,163 |
Unsecured Loans | 2,003,943 |
Other Loans | 11,084,689 |
TOTAL LOANS | 25,542,795 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,637 |
Land And Building | 489,176 |
Other Fixed Assets | 61,795 |
NCUSIF Deposit | 321,529 |
All Other Assets | 182,778 |
TOTAL ASSETS | 41,218,887 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 32,338 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 149,574 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,724,409 |
Regular shares | 14,001,319 |
All Other Shares & Deposits | 17,239,913 |
TOTAL SHARES & DEPOSITS | 37,965,641 |
TOTAL LIABILITIES | 38,147,553 |
Regular Reserve | 675,265 |
Other Reserves | 0 |
Undivided Earnings | 2,396,069 |
TOTAL EQUITY | 3,071,334 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,218,887 |
INCOME & EXPENSE | |
Loan Income | 1,304,195 |
Investment Income | 188,583 |
Other Income | 158,924 |
Total Employee Compensation & Benefits | 744,725 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 593,997 |
Non-operating Income & (Expense) | 1,527 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,000 |
Cost of Funds | 187,003 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 103,504 |
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