Jun, 30, 2024 — UPS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $37.92 million in total assets. Opened 44 years ago in 1980, UPS EMPLOYEES CREDIT UNION has about 5,705 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UPS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1814 E Brooks Rd MEMPHIS, TN 38116 |
| Phone: | (901) 396-2132 |
| Fax: | (901) 345-0400 |
| Website: | https://www.upscu.org |
| Branches: | 1 branch locations |
| Members: | 5,705 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67608 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,923,737 |
| CEO/Manager: | Blake Wood |
| Chairperson: | Wayne Holobaugh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,107,348 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 70,190 |
| Unsecured Loans | 3,715,236 |
| Other Loans | 24,535,031 |
| TOTAL LOANS | 28,320,457 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -270,509 |
| Land And Building | 486,315 |
| Other Fixed Assets | 30,252 |
| NCUSIF Deposit | 290,951 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,923,737 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 200,409 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,183,863 |
| Regular shares | 24,892,489 |
| All Other Shares & Deposits | 3,217,944 |
| TOTAL SHARES & DEPOSITS | 30,294,296 |
| TOTAL LIABILITIES | 30,494,705 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,429,032 |
| TOTAL EQUITY | 7,429,032 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,923,737 |
| INCOME & EXPENSE | |
| Loan Income | 1,159,309 |
| Investment Income | 71,857 |
| Other Income | 236,535 |
| Total Employee Compensation & Benefits | 536,332 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 416,508 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,000 |
| Cost of Funds | 67,880 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 449,104 |
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