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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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