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 |
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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 |
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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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $315,604,517 |
CEO/Manager: | Robert Einstein |
Chairperson: | Cynthia Faust |
ASSETS: | $ Amount |
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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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