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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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