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UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION

Jun, 30, 2021 — UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION is a federal credit union headquartered in Warren, MI with 2 branch locations and about $131.30 million in total assets. Opened 69 years ago in 1952, UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION has about 3,910 members and employs 18 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: 272079432
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:3,910
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$131,304,646
CEO/Manager:Andre Vygnanski
Chairperson:Oleh Karanec

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,038,993
TOTAL INVESTMENTS 79,263,920
Loans Held for Sale 0
 
 Real Estate Loans 27,304,821
 Unsecured Loans 1,321,378
 Other Loans 3,080,105
 TOTAL LOANS 31,706,304
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -180,928
 Land And Building 654,338
 Other Fixed Assets 71,676
 NCUSIF Deposit 1,033,285
 All Other Assets 717,058
  TOTAL ASSETS 131,304,646
LIABILITIES & CAPITAL:  
 Dividends Payable 77,944
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,292,270
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,879,155
 Regular shares 70,003,510
 All Other Shares & Deposits 33,105,096
  TOTAL SHARES & DEPOSITS 115,987,761
  TOTAL LIABILITIES 117,357,975
 Regular Reserve 4,600,000
 Other Reserves -1,239,344
 Undivided Earnings 10,586,015
  TOTAL EQUITY 13,946,671
  TOTAL LIABILITIES, SHARES, & EQUITY 131,304,646
INCOME & EXPENSE  
 Loan Income 520,935
 Investment Income 532,482
 Other Income 47,476
 Total Employee Compensation & Benefits 477,852
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 536,505
 Non-operating Income & (Expense) -524
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -14,304
 Cost of Funds 228,217
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -51,868
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