Dec, 31, 2023 — UMICO FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 1 branch location and about $7.85 million in total assets. Opened 85 years ago in 1939, UMICO FEDERAL CREDIT UNION has about 881 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UMICO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 180 Genesee St NEW HARTFORD, NY 13413-2200 |
| Phone: | (315) 734-2139 |
| Fax: | (315) 734-2467 |
| Website: | https://www.umicofcu.net |
| Branches: | 1 branch locations |
| Members: | 881 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3313 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,846,753 |
| CEO/Manager: | Michelle Siriano |
| Chairperson: | Nicole Fisher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 766,329 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 548,496 |
| Unsecured Loans | 653,375 |
| Other Loans | 4,172,026 |
| TOTAL LOANS | 5,373,897 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,170 |
| Land And Building | 0 |
| Other Fixed Assets | 14,033 |
| NCUSIF Deposit | 79,842 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,846,753 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,040 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,273,898 |
| Regular shares | 4,805,553 |
| All Other Shares & Deposits | 915,105 |
| TOTAL SHARES & DEPOSITS | 6,994,555 |
| TOTAL LIABILITIES | 6,998,595 |
| Regular Reserve | 0 |
| Other Reserves | 147,545 |
| Undivided Earnings | 700,613 |
| TOTAL EQUITY | 848,158 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,846,753 |
| INCOME & EXPENSE | |
| Loan Income | 219,063 |
| Investment Income | 62,609 |
| Other Income | 15,916 |
| Total Employee Compensation & Benefits | 109,280 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 158,062 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,531 |
| Cost of Funds | 32,660 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,028 |
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