Sep, 30, 2022 — UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 2 branch locations and about $131.47 million in total assets. Opened 71 years ago in 1952, UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION has about 3,970 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: | 3,970 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $131,470,265 |
| CEO/Manager: | Andre Vygnanski |
| Chairperson: | John Dicky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,404,548 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,370,299 |
| Unsecured Loans | 1,173,206 |
| Other Loans | 5,270,821 |
| TOTAL LOANS | 39,838,626 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -150,196 |
| Land And Building | 618,368 |
| Other Fixed Assets | 46,559 |
| NCUSIF Deposit | 1,079,172 |
| All Other Assets | 0 |
| TOTAL ASSETS | 131,470,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 43,821 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 901,639 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,813,314 |
| Regular shares | 71,298,764 |
| All Other Shares & Deposits | 32,428,931 |
| TOTAL SHARES & DEPOSITS | 119,541,009 |
| TOTAL LIABILITIES | 120,486,469 |
| Regular Reserve | 0 |
| Other Reserves | -269,869 |
| Undivided Earnings | 11,253,665 |
| TOTAL EQUITY | 10,983,796 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 131,470,265 |
| INCOME & EXPENSE | |
| Loan Income | 965,911 |
| Investment Income | 890,660 |
| Other Income | 62,267 |
| Total Employee Compensation & Benefits | 754,001 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 998,578 |
| Non-operating Income & (Expense) | 47,501 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 153,410 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 501,854 |
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