Jun, 30, 2024 — URBAN UPBOUND FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 1 branch location and about $2.07 million in total assets. Opened 15 years ago in 2009, URBAN UPBOUND FEDERAL CREDIT UNION has about 1,195 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: | 1,195 |
| 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: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,074,995 |
| CEO/Manager: | Chhanda Sutton |
| Chairperson: | Mitchell G Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,947,103 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 111,628 |
| Other Loans | 4,393 |
| TOTAL LOANS | 116,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,021 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 20,887 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,074,995 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 74,454 |
| Regular shares | 1,652,973 |
| All Other Shares & Deposits | 138,969 |
| TOTAL SHARES & DEPOSITS | 1,866,396 |
| TOTAL LIABILITIES | 1,912,259 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 162,736 |
| TOTAL EQUITY | 162,736 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,074,995 |
| INCOME & EXPENSE | |
| Loan Income | 11,691 |
| Investment Income | 8,809 |
| Other Income | 18,327 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,521 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,844 |
| Cost of Funds | 3,864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,402 |
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