Mar, 31, 2021 — UNITED INVESTORS FEDERAL CREDIT UNION is a federal credit union headquartered in Linden, NJ with 1 branch location and about $3.45 million in total assets. Opened 61 years ago in 1960, UNITED INVESTORS FEDERAL CREDIT UNION has about 420 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 |
|---|---|
| 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: | 420 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13519 |
|---|---|
| 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: | $3,454,294 |
| CEO/Manager: | Barbara Nowak |
| Chairperson: | Vincent Powers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,156,541 |
| TOTAL INVESTMENTS | 330,671 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 413,877 |
| Unsecured Loans | 279,304 |
| Other Loans | 247,488 |
| TOTAL LOANS | 940,669 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,241 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 30,654 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,454,294 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -28,419 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 339,121 |
| Regular shares | 2,877,205 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,216,326 |
| TOTAL LIABILITIES | 3,187,907 |
| Regular Reserve | 88,603 |
| Other Reserves | 0 |
| Undivided Earnings | 177,784 |
| TOTAL EQUITY | 266,387 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,454,294 |
| INCOME & EXPENSE | |
| Loan Income | 15,196 |
| Investment Income | -211 |
| Other Income | 1,712 |
| Total Employee Compensation & Benefits | 11,839 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,459 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 355 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,599 |
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