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UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU)

Mar, 31, 2022 — UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) is a federal credit union headquartered in WETHERSFIELD, CT with 3 branch locations and about $44.56 million in total assets. Opened 63 years ago in 1959, UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) has about 2,949 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:2,949
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:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$44,560,399
CEO/Manager:George N Stachiw
Chairperson:Bohdan Sowa

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,407,183
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 13,768,700
 Unsecured Loans 1,719,730
 Other Loans 12,260,391
 TOTAL LOANS 27,748,821
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -85,852
 Land And Building 463,439
 Other Fixed Assets 51,244
 NCUSIF Deposit 374,224
 All Other Assets 0
  TOTAL ASSETS 44,560,399
LIABILITIES & CAPITAL:  
 Dividends Payable 17,641
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 98,143
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,856,308
 Regular shares 17,132,946
 All Other Shares & Deposits 16,128,095
  TOTAL SHARES & DEPOSITS 41,117,349
  TOTAL LIABILITIES 41,233,133
 Regular Reserve 0
 Other Reserves 675,265
 Undivided Earnings 2,652,001
  TOTAL EQUITY 3,327,266
  TOTAL LIABILITIES, SHARES, & EQUITY 44,560,399
INCOME & EXPENSE  
 Loan Income 348,003
 Investment Income 21,472
 Other Income 16,377
 Total Employee Compensation & Benefits 189,554
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 165,447
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 22,560
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 159,547
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