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UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION

Mar, 31, 2021 — UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 1 branch location and about $85.60 million in total assets. Opened 84 years ago in 1937, UTICA GAS & ELECTRIC EMP FEDERAL CREDIT UNION has about 3,172 members and employs 10 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:http://ugefcu.com
Branches:1 branch locations
Members:3,172
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$85,604,640
CEO/Manager:John J Deecher
Chairperson:Theodore Pytel Jr.

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,209,295
TOTAL INVESTMENTS 21,678,284
Loans Held for Sale 0
 
 Real Estate Loans 45,298,365
 Unsecured Loans 4,775,179
 Other Loans 8,124,691
 TOTAL LOANS 58,198,235
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -242,645
 Land And Building 912,739
 Other Fixed Assets 30,602
 NCUSIF Deposit 610,504
 All Other Assets 207,626
  TOTAL ASSETS 85,604,640
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 1,100,000
 Accounts Payable & Other Liabilities -2,271,697
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,664,649
 Regular shares 17,120,792
 All Other Shares & Deposits 44,635,565
  TOTAL SHARES & DEPOSITS 72,421,006
  TOTAL LIABILITIES 71,249,309
 Regular Reserve 774,392
 Other Reserves -193,376
 Undivided Earnings 13,774,315
  TOTAL EQUITY 14,355,331
  TOTAL LIABILITIES, SHARES, & EQUITY 85,604,640
INCOME & EXPENSE  
 Loan Income 618,684
 Investment Income 153,423
 Other Income 6,185
 Total Employee Compensation & Benefits 190,548
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 231,947
 Non-operating Income & (Expense) -554
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 186,644
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 220,676
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