Sep, 30, 2025 — ULSTER FEDERAL CREDIT UNION is a federal credit union headquartered in KINGSTON, NY with 3 branch locations and about $166.84 million in total assets. Opened 52 years ago in 1974, ULSTER FEDERAL CREDIT UNION has about 7,056 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ULSTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 127 Schwenk Dr KINGSTON, NY 12401 |
| Phone: | (845) 339-5544 |
| Fax: | (845) 331-0331 |
| Website: | https://www.ulsfedcu.org |
| Branches: | 3 branch locations |
| Members: | 7,056 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21694 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Jul 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $166,837,075 |
| CEO/Manager: | William Querbes |
| Chairperson: | John Mizerak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,421,010 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,500,606 |
| Unsecured Loans | 3,795,255 |
| Other Loans | 22,471,782 |
| TOTAL LOANS | 42,767,643 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,030,683 |
| Land And Building | 1,719,774 |
| Other Fixed Assets | 507,437 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,441,238 |
| All Other Assets | 297,226 |
| TOTAL ASSETS | 166,837,075 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 341,358 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,934,025 |
| Regular shares | 79,332,982 |
| All Other Shares & Deposits | 40,467,794 |
| TOTAL SHARES & DEPOSITS | 155,734,801 |
| TOTAL LIABILITIES | 156,076,159 |
| Regular Reserve | 0 |
| Other Reserves | -6,234,905 |
| Undivided Earnings | 16,995,821 |
| TOTAL EQUITY | 10,760,916 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 166,837,075 |
| INCOME & EXPENSE | |
| Loan Income | 1,690,126 |
| Investment Income | 2,847,275 |
| Other Income | 481,268 |
| Total Employee Compensation & Benefits | 2,090,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,822,251 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -156,192 |
| Cost of Funds | 613,507 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,045,510 |
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