Sep, 30, 2025 — UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 2 branch locations and about $132.39 million in total assets. Opened 74 years ago in 1952, UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION has about 4,388 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 26791 Ryan Rd WARREN, MI 48091-4073 |
| Phone: | (586) 756-3300 |
| Fax: | (586) 756-4316 |
| Website: | https://www.usmfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,388 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8000 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $132,393,876 |
| CEO/Manager: | Khrystyna Ferenchuk |
| Chairperson: | John Dicky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,460,027 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,355,680 |
| Unsecured Loans | 1,149,668 |
| Other Loans | 7,789,736 |
| TOTAL LOANS | 44,364,330 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,490 |
| Land And Building | 545,005 |
| Other Fixed Assets | 136,200 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,064,097 |
| All Other Assets | 0 |
| TOTAL ASSETS | 132,393,876 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 777,626 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 346,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,238,378 |
| Regular shares | 48,040,720 |
| All Other Shares & Deposits | 50,129,272 |
| TOTAL SHARES & DEPOSITS | 114,408,370 |
| TOTAL LIABILITIES | 115,532,799 |
| Regular Reserve | 0 |
| Other Reserves | -1,242,953 |
| Undivided Earnings | 18,104,030 |
| TOTAL EQUITY | 16,861,077 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 132,393,876 |
| INCOME & EXPENSE | |
| Loan Income | 1,579,072 |
| Investment Income | 2,378,257 |
| Other Income | 70,162 |
| Total Employee Compensation & Benefits | 899,056 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,020,938 |
| Non-operating Income & (Expense) | 48,114 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,425,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 876,474 |
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