Dec, 31, 2023 — UNITED MEMBERS FEDERAL CREDIT UNION is a federal credit union headquartered in TULSA, OK with 1 branch location and about $11.59 million in total assets. Opened 70 years ago in 1954, UNITED MEMBERS FEDERAL CREDIT UNION has about 1,249 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED MEMBERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4833 S Sheridan Rd Ste 401 TULSA, OK 74145 |
| Phone: | (918) 663-9303 |
| Fax: | (918) 663-9305 |
| Website: | https://www.unitedmembersfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,249 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9248 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,591,266 |
| CEO/Manager: | Denis Lane |
| Chairperson: | John Blackmon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 91,988 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,217 |
| Unsecured Loans | 193,360 |
| Other Loans | 2,773,261 |
| TOTAL LOANS | 3,010,838 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,801 |
| Land And Building | 0 |
| Other Fixed Assets | 4,140 |
| NCUSIF Deposit | 116,028 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,591,266 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,590 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,262,619 |
| Regular shares | 7,909,709 |
| All Other Shares & Deposits | 493,016 |
| TOTAL SHARES & DEPOSITS | 9,665,344 |
| TOTAL LIABILITIES | 9,697,730 |
| Regular Reserve | 0 |
| Other Reserves | 306,706 |
| Undivided Earnings | 1,586,830 |
| TOTAL EQUITY | 1,893,536 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,591,266 |
| INCOME & EXPENSE | |
| Loan Income | 150,925 |
| Investment Income | 182,986 |
| Other Income | 51,463 |
| Total Employee Compensation & Benefits | 140,353 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 156,235 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 69,922 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,697 |
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