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UNITED FEDERAL CREDIT UNION

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.


ABA Routing Number: 272484894
Name:UNITED FEDERAL CREDIT UNION
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
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

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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