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UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU)

Jun, 30, 2023 — UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) is a federal credit union headquartered in WETHERSFIELD, CT with 3 branch locations and about $45.82 million in total assets. Opened 65 years ago in 1959, UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) has about 2,997 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
Address:
(Main Office)
21 Silas Deane Hwy
WETHERSFIELD, CT 06109-1238
Phone:(860) 296-4714
Fax:(860) 296-3499
Website:https://www.usnefcu.com
Branches:3 branch locations
Members:2,997
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:$45,821,124
CEO/Manager:George N Stachiw
Chairperson:Bohdan Sowa

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 959,042
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 13,652,325
 Unsecured Loans 1,728,850
 Other Loans 14,928,306
 TOTAL LOANS 30,309,481
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,432
 Land And Building 453,560
 Other Fixed Assets 53,405
 NCUSIF Deposit 401,980
 All Other Assets 0
  TOTAL ASSETS 45,821,124
LIABILITIES & CAPITAL:  
 Dividends Payable 17,347
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 70,052
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,776,628
 Regular shares 17,964,378
 All Other Shares & Deposits 16,132,886
  TOTAL SHARES & DEPOSITS 41,873,892
  TOTAL LIABILITIES 41,961,291
 Regular Reserve 0
 Other Reserves 675,265
 Undivided Earnings 3,184,568
  TOTAL EQUITY 3,859,833
  TOTAL LIABILITIES, SHARES, & EQUITY 45,821,124
INCOME & EXPENSE  
 Loan Income 1,089,376
 Investment Income 90,465
 Other Income 54,361
 Total Employee Compensation & Benefits 567,338
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 494,477
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 69,540
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 692,112
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