Mar, 31, 2022 — UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 2 branch locations and about $132.73 million in total assets. Opened 70 years ago in 1952, UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION has about 3,882 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: | 3,882 |
| 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: | $132,729,393 |
| CEO/Manager: | Andre Vygnanski |
| Chairperson: | Oleh Karanec |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,193,232 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,833,601 |
| Unsecured Loans | 1,239,735 |
| Other Loans | 3,924,814 |
| TOTAL LOANS | 36,022,869 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -152,550 |
| Land And Building | 635,117 |
| Other Fixed Assets | 63,163 |
| NCUSIF Deposit | 1,073,540 |
| All Other Assets | 0 |
| TOTAL ASSETS | 132,729,393 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35,763 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 913,843 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,384,350 |
| Regular shares | 67,211,086 |
| All Other Shares & Deposits | 35,589,191 |
| TOTAL SHARES & DEPOSITS | 119,184,627 |
| TOTAL LIABILITIES | 120,134,233 |
| Regular Reserve | 0 |
| Other Reserves | 1,794,566 |
| Undivided Earnings | 10,800,594 |
| TOTAL EQUITY | 12,595,160 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 132,729,393 |
| INCOME & EXPENSE | |
| Loan Income | 305,999 |
| Investment Income | 245,712 |
| Other Income | 15,199 |
| Total Employee Compensation & Benefits | 242,092 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 358,150 |
| Non-operating Income & (Expense) | 15,924 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 50,749 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,782 |
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