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 |
| 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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