Dec, 31, 2021 — UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) is a federal credit union headquartered in WETHERSFIELD, CT with 3 branch locations and about $43.87 million in total assets. Opened 63 years ago in 1959, UKRAINIAN SELFRELIANCE NEW ENGLAND FEDERAL CREDIT UNION (USNEFCU) has about 2,936 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: | 2,936 |
| 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: | $43,865,375 |
| CEO/Manager: | George N Stachiw |
| Chairperson: | Bohdan Sowa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,370,764 |
| TOTAL INVESTMENTS | 12,420,530 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,691,908 |
| Unsecured Loans | 1,811,811 |
| Other Loans | 12,594,553 |
| TOTAL LOANS | 28,098,272 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,852 |
| Land And Building | 468,851 |
| Other Fixed Assets | 56,098 |
| NCUSIF Deposit | 374,224 |
| All Other Assets | 162,488 |
| TOTAL ASSETS | 43,865,375 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,790 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 135,268 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,809,708 |
| Regular shares | 16,772,586 |
| All Other Shares & Deposits | 15,959,302 |
| TOTAL SHARES & DEPOSITS | 40,541,596 |
| TOTAL LIABILITIES | 40,697,654 |
| Regular Reserve | 675,265 |
| Other Reserves | 0 |
| Undivided Earnings | 2,492,456 |
| TOTAL EQUITY | 3,167,721 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,865,375 |
| INCOME & EXPENSE | |
| Loan Income | 1,311,260 |
| Investment Income | 102,649 |
| Other Income | 67,662 |
| Total Employee Compensation & Benefits | 719,870 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 644,862 |
| Non-operating Income & (Expense) | -217 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 120,190 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 96,387 |
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