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UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU)

Sep, 30, 2021 — UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) is a federal credit union headquartered in WETHERSFIELD, CT with 3 branch locations and about $43.55 million in total assets. Opened 63 years ago in 1959, UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) has about 2,933 members and employs 15 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
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:2,933
Credit Union Type:Federal Credit Union
Charter Number:13107
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:$43,547,690
CEO/Manager:George N Stachiw
Chairperson:Bohdan Sowa

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,213,759
TOTAL INVESTMENTS 12,229,178
Loans Held for Sale 0
 
 Real Estate Loans 13,453,319
 Unsecured Loans 1,784,739
 Other Loans 11,891,131
 TOTAL LOANS 27,129,189
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -91,805
 Land And Building 473,959
 Other Fixed Assets 62,138
 NCUSIF Deposit 374,224
 All Other Assets 157,048
  TOTAL ASSETS 43,547,690
LIABILITIES & CAPITAL:  
 Dividends Payable 24,812
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 62,579
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,394,856
 Regular shares 16,096,383
 All Other Shares & Deposits 16,823,484
  TOTAL SHARES & DEPOSITS 40,314,723
  TOTAL LIABILITIES 40,402,114
 Regular Reserve 675,265
 Other Reserves 0
 Undivided Earnings 2,470,311
  TOTAL EQUITY 3,145,576
  TOTAL LIABILITIES, SHARES, & EQUITY 43,547,690
INCOME & EXPENSE  
 Loan Income 971,811
 Investment Income 85,721
 Other Income 46,819
 Total Employee Compensation & Benefits 529,457
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 482,251
 Non-operating Income & (Expense) -217
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 94,669
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 74,242
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