Jun, 30, 2024 — UME FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 1 branch location and about $329.26 million in total assets. Opened 84 years ago in 1940, UME FEDERAL CREDIT UNION has about 16,644 members and employs 39 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: | 16,644 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $329,263,838 |
CEO/Manager: | Robert Einstein |
Chairperson: | Edward Hill |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,751,134 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 101,557,927 |
Unsecured Loans | 9,918,562 |
Other Loans | 19,655,977 |
TOTAL LOANS | 131,132,466 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -344,334 |
Land And Building | 6,864,083 |
Other Fixed Assets | 272,324 |
NCUSIF Deposit | 2,634,752 |
All Other Assets | 0 |
TOTAL ASSETS | 329,263,838 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,005 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,775,701 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 73,027,322 |
Regular shares | 107,873,233 |
All Other Shares & Deposits | 130,095,748 |
TOTAL SHARES & DEPOSITS | 310,996,303 |
TOTAL LIABILITIES | 312,778,009 |
Regular Reserve | 0 |
Other Reserves | -10,304,525 |
Undivided Earnings | 26,790,354 |
TOTAL EQUITY | 16,485,829 |
TOTAL LIABILITIES, SHARES, & EQUITY | 329,263,838 |
INCOME & EXPENSE | |
Loan Income | 3,661,752 |
Investment Income | 2,024,203 |
Other Income | 633,669 |
Total Employee Compensation & Benefits | 3,066,361 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,335,982 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 221,440 |
Cost of Funds | 657,665 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,231,398 |
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