Dec, 31, 2023 — UTILITIES EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in WYOMISSING, PA with 1 branch location and about $1.29 billion in total assets. Opened 90 years ago in 1934, UTILITIES EMPLOYEES CREDIT UNION has about 49,549 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UTILITIES EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 11 Meridian Blvd WYOMISSING, PA 19610 |
Phone: | (610) 927-4000 |
Fax: | (610) 927-4089 |
Website: | https://www.uecu.org |
Branches: | 1 branch locations |
Members: | 49,549 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64896 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,290,454,645 |
CEO/Manager: | Bret H Krevolin |
Chairperson: | Joseph J Deane |
ASSETS: | $ Amount |
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Cash & Equivalents | 33,749,383 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 487,366,380 |
Unsecured Loans | 98,238,616 |
Other Loans | 62,063,306 |
TOTAL LOANS | 647,668,302 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,663,077 |
Land And Building | 8,674,487 |
Other Fixed Assets | 325,516 |
NCUSIF Deposit | 10,897,974 |
All Other Assets | 0 |
TOTAL ASSETS | 1,290,454,645 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 55,416,700 |
Accounts Payable & Other Liabilities | 7,050,880 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 54,820,534 |
Regular shares | 163,846,176 |
All Other Shares & Deposits | 874,985,318 |
TOTAL SHARES & DEPOSITS | 1,093,652,027 |
TOTAL LIABILITIES | 1,156,209,591 |
Regular Reserve | 0 |
Other Reserves | -80,704,338 |
Undivided Earnings | 214,949,392 |
TOTAL EQUITY | 134,245,054 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,290,454,645 |
INCOME & EXPENSE | |
Loan Income | 27,789,263 |
Investment Income | 15,066,056 |
Other Income | 1,566,252 |
Total Employee Compensation & Benefits | 12,025,106 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,529,921 |
Non-operating Income & (Expense) | -1,572,305 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,660,000 |
Cost of Funds | 20,828,225 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,781,414 |
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