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 |
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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: | 410 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,314,949 |
CEO/Manager: | Barbara Nowak |
Chairperson: | Vincent Powers |
ASSETS: | $ Amount |
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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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