Sep, 30, 2025 — UNION BUILDING TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in PARSIPPANY, NJ with 2 branch locations and about $84.31 million in total assets. Opened 53 years ago in 1973, UNION BUILDING TRADES FEDERAL CREDIT UNION has about 24,791 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNION BUILDING TRADES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 205 Cherry Hill Rd PARSIPPANY, NJ 07054 |
| Phone: | (973) 263-0001 |
| Fax: | (973) 263-5559 |
| Website: | https://www.ubtfcu.org |
| Branches: | 2 branch locations |
| Members: | 24,791 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21244 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $84,313,309 |
| CEO/Manager: | Robert J Kodan |
| Chairperson: | Bradly J Ferguson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,612,501 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,191,979 |
| Unsecured Loans | 5,893,779 |
| Other Loans | 8,063,125 |
| TOTAL LOANS | 35,148,883 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -378,500 |
| Land And Building | 0 |
| Other Fixed Assets | 170,827 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 695,413 |
| All Other Assets | 0 |
| TOTAL ASSETS | 84,313,309 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,617,333 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,322,589 |
| Regular shares | 59,320,124 |
| All Other Shares & Deposits | 9,255,762 |
| TOTAL SHARES & DEPOSITS | 70,898,475 |
| TOTAL LIABILITIES | 73,515,808 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,797,501 |
| TOTAL EQUITY | 10,797,501 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,313,309 |
| INCOME & EXPENSE | |
| Loan Income | 1,667,002 |
| Investment Income | 1,017,723 |
| Other Income | 482,491 |
| Total Employee Compensation & Benefits | 1,421,867 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,569,287 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 182,824 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,831 |
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