Sep, 30, 2025 — UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 1 branch location and about $126.65 million in total assets. Opened 89 years ago in 1937, UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION has about 3,730 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 Old Campion Rd NEW HARTFORD, NY 13413-4953 |
| Phone: | (315) 733-1596 |
| Fax: | (315) 733-0228 |
| Website: | https://www.ugefcu.com |
| Branches: | 1 branch locations |
| Members: | 3,730 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2252 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $126,653,390 |
| CEO/Manager: | Lori Brown |
| Chairperson: | Theodore Pytel Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 449,580 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,638,168 |
| Unsecured Loans | 7,950,247 |
| Other Loans | 18,180,881 |
| TOTAL LOANS | 107,769,296 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -396,254 |
| Land And Building | 1,325,634 |
| Other Fixed Assets | 47,025 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 777,740 |
| All Other Assets | 0 |
| TOTAL ASSETS | 126,653,390 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 15,794,111 |
| Accounts Payable & Other Liabilities | -3,135,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,638,152 |
| Regular shares | 17,504,386 |
| All Other Shares & Deposits | 64,015,046 |
| TOTAL SHARES & DEPOSITS | 94,157,584 |
| TOTAL LIABILITIES | 106,816,321 |
| Regular Reserve | 0 |
| Other Reserves | -473,967 |
| Undivided Earnings | 20,311,036 |
| TOTAL EQUITY | 19,837,069 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 126,653,390 |
| INCOME & EXPENSE | |
| Loan Income | 4,292,630 |
| Investment Income | 503,860 |
| Other Income | 29,346 |
| Total Employee Compensation & Benefits | 659,141 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 922,318 |
| Non-operating Income & (Expense) | -7,080 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,000 |
| Cost of Funds | 2,231,615 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,431,898 |
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