Dec, 31, 2021 — UME FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 1 branch location and about $315.60 million in total assets. Opened 82 years ago in 1940, UME FEDERAL CREDIT UNION has about 16,187 members and employs 40 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 |
|---|---|
| Address: (Main Office) | 3000 W Magnolia Blvd BURBANK, CA 91505-3043 |
| Phone: | (818) 238-2900 |
| Fax: | (818) 238-2932 |
| Website: | http://www.umecreditunion.com |
| Branches: | 1 branch locations |
| Members: | 16,187 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3945 |
|---|---|
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $315,604,517 |
| CEO/Manager: | Robert Einstein |
| Chairperson: | Cynthia Faust |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,566,708 |
| TOTAL INVESTMENTS | 177,965,838 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,225,029 |
| Unsecured Loans | 8,729,288 |
| Other Loans | 16,478,399 |
| TOTAL LOANS | 100,432,716 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -245,106 |
| Land And Building | 6,998,214 |
| Other Fixed Assets | 244,348 |
| NCUSIF Deposit | 2,429,302 |
| All Other Assets | 7,212,497 |
| TOTAL ASSETS | 315,604,517 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,395,876 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 71,815,169 |
| Regular shares | 100,292,710 |
| All Other Shares & Deposits | 117,787,405 |
| TOTAL SHARES & DEPOSITS | 289,895,284 |
| TOTAL LIABILITIES | 291,291,160 |
| Regular Reserve | 1,021,811 |
| Other Reserves | -1,245,599 |
| Undivided Earnings | 24,537,145 |
| TOTAL EQUITY | 24,313,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 315,604,517 |
| INCOME & EXPENSE | |
| Loan Income | 4,227,701 |
| Investment Income | 2,185,829 |
| Other Income | 761,593 |
| Total Employee Compensation & Benefits | 3,796,642 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,768,332 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -67,611 |
| Cost of Funds | 470,225 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,691,392 |
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