Dec, 31, 2020 — UNITED INVESTORS FEDERAL CREDIT UNION is a federal credit union headquartered in Linden, NJ with 1 branch location and about $3.49 million in total assets. Opened 61 years ago in 1960, UNITED INVESTORS FEDERAL CREDIT UNION has about 426 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED INVESTORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 16 W Elizabeth Ave Linden, NJ 07036 |
Phone: | (908) 862-5566 |
Fax: | (908) 862-4199 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 426 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13519 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,489,476 |
CEO/Manager: | Barbara Nowak |
Chairperson: | Vincent Powers |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,944,538 |
TOTAL INVESTMENTS | 628,673 |
Loans Held for Sale | 0 |
Real Estate Loans | 407,079 |
Unsecured Loans | 225,365 |
Other Loans | 254,150 |
TOTAL LOANS | 886,594 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,809 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 33,680 |
All Other Assets | 3,800 |
TOTAL ASSETS | 3,489,476 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,116 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 327,002 |
Regular shares | 2,900,496 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,227,498 |
TOTAL LIABILITIES | 3,231,614 |
Regular Reserve | 88,603 |
Other Reserves | 0 |
Undivided Earnings | 169,259 |
TOTAL EQUITY | 257,862 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,489,476 |
INCOME & EXPENSE | |
Loan Income | 67,551 |
Investment Income | 34,619 |
Other Income | 7,455 |
Total Employee Compensation & Benefits | 67,204 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 72,771 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,070 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -31,420 |
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