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 |
| 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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