Sep, 30, 2025 — UNITED BUSINESS & INDUSTRY FEDERAL CREDIT UNION is a federal credit union headquartered in PLAINVILLE, CT with 2 branch locations and about $134.24 million in total assets. Opened 75 years ago in 1951, UNITED BUSINESS & INDUSTRY FEDERAL CREDIT UNION has about 11,379 members and employs 26 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 BUSINESS & INDUSTRY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 120 Woodford Ave PLAINVILLE, CT 06062-2335 |
| Phone: | (860) 747-4152 |
| Fax: | (860) 793-8248 |
| Website: | https://www.ubifcu.com/ |
| Branches: | 2 branch locations |
| Members: | 11,379 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7244 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $134,238,886 |
| CEO/Manager: | Edward E Bohnwagner III |
| Chairperson: | Howard Schmelder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,567,269 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,733,917 |
| Unsecured Loans | 2,371,344 |
| Other Loans | 85,724,799 |
| TOTAL LOANS | 116,830,060 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -815,942 |
| Land And Building | 940,540 |
| Other Fixed Assets | 210,112 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,040,498 |
| All Other Assets | 8,660 |
| TOTAL ASSETS | 134,238,886 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 100,055 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 847,799 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,430,265 |
| Regular shares | 49,079,050 |
| All Other Shares & Deposits | 45,807,375 |
| TOTAL SHARES & DEPOSITS | 118,316,690 |
| TOTAL LIABILITIES | 119,264,544 |
| Regular Reserve | 0 |
| Other Reserves | 2,819,550 |
| Undivided Earnings | 12,154,792 |
| TOTAL EQUITY | 14,974,342 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,238,886 |
| INCOME & EXPENSE | |
| Loan Income | 4,856,709 |
| Investment Income | 414,983 |
| Other Income | 334,551 |
| Total Employee Compensation & Benefits | 1,655,810 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,462,096 |
| Non-operating Income & (Expense) | -37,680 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 487,290 |
| Cost of Funds | 1,040,893 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,178,225 |
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