Dec, 31, 2022 — USEM MENA FEDERAL CREDIT UNION is a federal credit union headquartered in MENA, AR with 1 branch location and about $2.13 million in total assets. Opened 56 years ago in 1967, USEM MENA FEDERAL CREDIT UNION has about 448 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | USEM MENA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 Morrow St N MENA, AR 71953 |
| Phone: | (479) 394-8719 |
| Fax: | (479) 394-8719 |
| Website: | https://usem.virtualcu.net/ |
| Branches: | 1 branch locations |
| Members: | 448 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18343 |
|---|---|
| Membership Type: | Multiple common bond - Primarily machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,126,524 |
| CEO/Manager: | Regina L Lawry |
| Chairperson: | Brent Toon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 79,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 230,888 |
| Other Loans | 876,957 |
| TOTAL LOANS | 1,107,845 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,725 |
| Land And Building | 0 |
| Other Fixed Assets | 5,341 |
| NCUSIF Deposit | 14,728 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,126,524 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,887 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,625,202 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,625,202 |
| TOTAL LIABILITIES | 1,628,089 |
| Regular Reserve | 0 |
| Other Reserves | 58,919 |
| Undivided Earnings | 439,516 |
| TOTAL EQUITY | 498,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,126,524 |
| INCOME & EXPENSE | |
| Loan Income | 38,774 |
| Investment Income | 4,317 |
| Other Income | 3,181 |
| Total Employee Compensation & Benefits | 12,806 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,802 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,239 |
| Cost of Funds | 3,728 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,596 |
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