Dec, 31, 2022 — 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 83 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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