Dec, 31, 2022 — UNITED INVESTORS FEDERAL CREDIT UNION is a federal credit union headquartered in LINDEN, NJ with 1 branch location and about $3.74 million in total assets. Opened 63 years ago in 1960, UNITED INVESTORS FEDERAL CREDIT UNION has about 395 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: | 395 |
| 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: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,737,532 |
| CEO/Manager: | Barbara Nowak |
| Chairperson: | Vincent Powers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,347,374 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 454,397 |
| Unsecured Loans | 365,750 |
| Other Loans | 303,995 |
| TOTAL LOANS | 1,124,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,381 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 32,275 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,737,532 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -725 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 409,618 |
| Regular shares | 3,030,314 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,439,932 |
| TOTAL LIABILITIES | 3,439,207 |
| Regular Reserve | 0 |
| Other Reserves | 88,602 |
| Undivided Earnings | 209,723 |
| TOTAL EQUITY | 298,325 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,737,532 |
| INCOME & EXPENSE | |
| Loan Income | 59,824 |
| Investment Income | 9,952 |
| Other Income | 4,558 |
| Total Employee Compensation & Benefits | 36,113 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 52,430 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,117 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,568 |
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