Dec, 31, 2023 — UME FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 1 branch location and about $344.37 million in total assets. Opened 84 years ago in 1940, UME FEDERAL CREDIT UNION has about 17,261 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UME FEDERAL CREDIT UNION |
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Address: (Main Office) | 3000 W Magnolia Blvd BURBANK, CA 91505-3043 |
Phone: | (818) 238-2900 |
Fax: | (818) 238-2932 |
Website: | https://www.umecreditunion.com |
Branches: | 1 branch locations |
Members: | 17,261 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3945 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $344,372,139 |
CEO/Manager: | Robert Einstein |
Chairperson: | Edward Hill |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,390,845 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 120,154,737 |
Unsecured Loans | 11,779,655 |
Other Loans | 26,018,343 |
TOTAL LOANS | 157,952,736 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -675,332 |
Land And Building | 6,594,083 |
Other Fixed Assets | 259,810 |
NCUSIF Deposit | 2,691,360 |
All Other Assets | 24,031 |
TOTAL ASSETS | 344,372,139 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 30,000,000 |
Accounts Payable & Other Liabilities | 2,310,643 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 67,641,857 |
Regular shares | 81,537,287 |
All Other Shares & Deposits | 145,170,682 |
TOTAL SHARES & DEPOSITS | 294,349,826 |
TOTAL LIABILITIES | 326,660,469 |
Regular Reserve | 0 |
Other Reserves | -9,590,923 |
Undivided Earnings | 27,302,593 |
TOTAL EQUITY | 17,711,670 |
TOTAL LIABILITIES, SHARES, & EQUITY | 344,372,139 |
INCOME & EXPENSE | |
Loan Income | 7,457,512 |
Investment Income | 2,907,450 |
Other Income | 856,618 |
Total Employee Compensation & Benefits | 4,656,540 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,371,065 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 401,462 |
Cost of Funds | 4,573,277 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 360,056 |
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» See also Statement of Financial Condition