Dec, 31, 2023 — UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT JOSEPH, MI with 45 branch locations and about $3.85 billion in total assets. Opened 75 years ago in 1949, UNITED FEDERAL CREDIT UNION has about 184,950 members and employs 687 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 FEDERAL CREDIT UNION |
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Address: (Main Office) | 150 Hilltop Rd SAINT JOSEPH, MI 49085-2381 |
Phone: | (888) 982-1400 |
Fax: | |
Website: | https://www.unitedfcu.com |
Branches: | 45 branch locations |
Members: | 184,950 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6288 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,853,899,234 |
CEO/Manager: | Terry O'Rourke |
Chairperson: | Edward E Hamilton |
ASSETS: | $ Amount |
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Cash & Equivalents | 111,534,615 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,856,405,220 |
Unsecured Loans | 118,386,175 |
Other Loans | 982,206,668 |
TOTAL LOANS | 2,965,222,015 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,965,267 |
Land And Building | 74,212,273 |
Other Fixed Assets | 13,217,601 |
NCUSIF Deposit | 26,648,306 |
All Other Assets | 1,928,754 |
TOTAL ASSETS | 3,853,899,234 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,730,785 |
Notes & Interest Payable | 238,200,000 |
Accounts Payable & Other Liabilities | 56,943,272 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 941,828,141 |
Regular shares | 478,701,336 |
All Other Shares & Deposits | 1,781,326,444 |
TOTAL SHARES & DEPOSITS | 3,201,855,921 |
TOTAL LIABILITIES | 3,503,514,457 |
Regular Reserve | 0 |
Other Reserves | -69,657,579 |
Undivided Earnings | 420,042,356 |
TOTAL EQUITY | 350,384,777 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,853,899,234 |
INCOME & EXPENSE | |
Loan Income | 162,555,209 |
Investment Income | 13,209,036 |
Other Income | 12,639,655 |
Total Employee Compensation & Benefits | 63,199,142 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 50,500,434 |
Non-operating Income & (Expense) | -1,058,360 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,934,323 |
Cost of Funds | 59,414,088 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,766,026 |
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