Dec, 31, 2023 — UNITED NATIONS FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 3 branch locations and about $8.91 billion in total assets. Opened 77 years ago in 1947, UNITED NATIONS FEDERAL CREDIT UNION has about 227,049 members and employs 785 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED NATIONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2401 44th Rd LONG ISLAND CITY, NY 11101 |
| Phone: | (347) 686-6660 |
| Fax: | |
| Website: | https://www.unfcu.org |
| Branches: | 3 branch locations |
| Members: | 227,049 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5588 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,910,262,207 |
| CEO/Manager: | John Lewis |
| Chairperson: | Theresa Panuccio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 419,121,216 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,699,180 |
| Real Estate Loans | 4,715,569,069 |
| Unsecured Loans | 787,204,611 |
| Other Loans | 41,625,401 |
| TOTAL LOANS | 5,544,399,081 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,769,413 |
| Land And Building | 86,291,264 |
| Other Fixed Assets | 10,326,768 |
| NCUSIF Deposit | 67,572,115 |
| All Other Assets | 662,583 |
| TOTAL ASSETS | 8,910,262,207 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 322,002 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,030,280 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,262,536,542 |
| Regular shares | 4,347,632,846 |
| All Other Shares & Deposits | 2,560,246,394 |
| TOTAL SHARES & DEPOSITS | 8,170,415,782 |
| TOTAL LIABILITIES | 8,240,768,064 |
| Regular Reserve | 0 |
| Other Reserves | -116,859,808 |
| Undivided Earnings | 786,353,951 |
| TOTAL EQUITY | 669,494,143 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,910,262,207 |
| INCOME & EXPENSE | |
| Loan Income | 229,331,927 |
| Investment Income | 52,048,429 |
| Other Income | 36,106,872 |
| Total Employee Compensation & Benefits | 115,159,552 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 70,357,063 |
| Non-operating Income & (Expense) | 4,211,312 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,090,000 |
| Cost of Funds | 98,609,204 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 52,903,120 |
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