Dec, 31, 2023 — URBAN UPBOUND FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 1 branch location and about $1.95 million in total assets. Opened 15 years ago in 2009, URBAN UPBOUND FEDERAL CREDIT UNION has about 1,321 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | URBAN UPBOUND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1303B 40th Ave LONG ISLAND CITY, NY 11101 |
| Phone: | (718) 784-5050 |
| Fax: | |
| Website: | https://www.uufcu.org |
| Branches: | 1 branch locations |
| Members: | 1,321 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24823 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2009 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,953,785 |
| CEO/Manager: | Chhanda Sutton |
| Chairperson: | Mitchell G Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,845,842 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 96,262 |
| Other Loans | 2,021 |
| TOTAL LOANS | 98,283 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,389 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 16,212 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,953,785 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 66,611 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 129,625 |
| Regular shares | 1,422,536 |
| All Other Shares & Deposits | 141,105 |
| TOTAL SHARES & DEPOSITS | 1,693,266 |
| TOTAL LIABILITIES | 1,759,877 |
| Regular Reserve | 0 |
| Other Reserves | 102 |
| Undivided Earnings | 193,806 |
| TOTAL EQUITY | 193,908 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,953,785 |
| INCOME & EXPENSE | |
| Loan Income | 12,048 |
| Investment Income | 63,743 |
| Other Income | 29,227 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 61,091 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,036 |
| Cost of Funds | 4,665 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,298 |
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