Dec, 31, 2021 — UNITED INVESTORS FEDERAL CREDIT UNION is a federal credit union headquartered in LINDEN, NJ with 1 branch location and about $4.31 million in total assets. Opened 62 years ago in 1960, UNITED INVESTORS FEDERAL CREDIT UNION has about 410 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: | 410 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,314,949 |
| CEO/Manager: | Barbara Nowak |
| Chairperson: | Vincent Powers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,798,438 |
| TOTAL INVESTMENTS | 430,673 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 493,312 |
| Unsecured Loans | 407,000 |
| Other Loans | 144,534 |
| TOTAL LOANS | 1,044,846 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,914 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 32,275 |
| All Other Assets | 13,631 |
| TOTAL ASSETS | 4,314,949 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 961,046 |
| Regular shares | 3,056,508 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,017,554 |
| TOTAL LIABILITIES | 4,017,703 |
| Regular Reserve | 88,603 |
| Other Reserves | 0 |
| Undivided Earnings | 208,643 |
| TOTAL EQUITY | 297,246 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,314,949 |
| INCOME & EXPENSE | |
| Loan Income | 79,947 |
| Investment Income | 3,981 |
| Other Income | 6,704 |
| Total Employee Compensation & Benefits | 52,299 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 74,076 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 734 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,459 |
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