Dec, 31, 2023 — UNITED INVESTORS FEDERAL CREDIT UNION is a federal credit union headquartered in LINDEN, NJ with 1 branch location and about $3.05 million in total assets. Opened 64 years ago in 1960, UNITED INVESTORS FEDERAL CREDIT UNION has about 377 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: | 377 |
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: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,053,158 |
CEO/Manager: | Barbara Nowak |
Chairperson: | Vincent Powers |
ASSETS: | $ Amount |
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Cash & Equivalents | 726,506 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 423,842 |
Unsecured Loans | 330,996 |
Other Loans | 245,070 |
TOTAL LOANS | 999,908 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,813 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 32,275 |
All Other Assets | 0 |
TOTAL ASSETS | 3,053,158 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 16 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 248,483 |
Regular shares | 2,478,574 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,727,057 |
TOTAL LIABILITIES | 2,727,073 |
Regular Reserve | 0 |
Other Reserves | 88,602 |
Undivided Earnings | 237,483 |
TOTAL EQUITY | 326,085 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,053,158 |
INCOME & EXPENSE | |
Loan Income | 85,371 |
Investment Income | 75,002 |
Other Income | 5,164 |
Total Employee Compensation & Benefits | 61,232 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 90,075 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,471 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 23,899 |
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