Jun, 30, 2021 — UME FEDERAL CREDIT UNION is a federal credit union headquartered in Burbank, CA with 1 branch location and about $301.66 million in total assets. Opened 81 years ago in 1940, UME FEDERAL CREDIT UNION has about 15,980 members and employs 36 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) | P.O. Box 7767 Burbank, CA 91510-7767 |
| Phone: | (818) 238-2900 |
| Fax: | (818) 238-2932 |
| Website: | http://www.umecreditunion.com |
| Branches: | 1 branch locations |
| Members: | 15,980 |
| 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: | $301,658,324 |
| CEO/Manager: | Robert Einstein |
| Chairperson: | Cynthia Faust |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,353,302 |
| TOTAL INVESTMENTS | 176,612,995 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,342,018 |
| Unsecured Loans | 8,857,409 |
| Other Loans | 17,637,177 |
| TOTAL LOANS | 93,836,604 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -257,607 |
| Land And Building | 7,106,214 |
| Other Fixed Assets | 277,823 |
| NCUSIF Deposit | 2,261,936 |
| All Other Assets | 5,467,057 |
| TOTAL ASSETS | 301,658,324 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,357 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,147,867 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,108,730 |
| Regular shares | 93,901,826 |
| All Other Shares & Deposits | 115,852,294 |
| TOTAL SHARES & DEPOSITS | 274,862,850 |
| TOTAL LIABILITIES | 277,013,074 |
| Regular Reserve | 1,021,811 |
| Other Reserves | -128,864 |
| Undivided Earnings | 23,752,303 |
| TOTAL EQUITY | 24,645,250 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 301,658,324 |
| INCOME & EXPENSE | |
| Loan Income | 2,094,116 |
| Investment Income | 1,086,177 |
| Other Income | 353,314 |
| Total Employee Compensation & Benefits | 1,749,034 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,389,729 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -131,412 |
| Cost of Funds | 243,824 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 906,549 |
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