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National Credit Union Service Organization

UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION

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.


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:3,882
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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