Dec, 31, 2023 — UTILITIES EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in WYOMISSING, PA with 1 branch location and about $1.29 billion in total assets. Opened 90 years ago in 1934, UTILITIES EMPLOYEES CREDIT UNION has about 49,549 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UTILITIES EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 11 Meridian Blvd WYOMISSING, PA 19610 |
| Phone: | (610) 927-4000 |
| Fax: | (610) 927-4089 |
| Website: | https://www.uecu.org |
| Branches: | 1 branch locations |
| Members: | 49,549 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64896 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,290,454,645 |
| CEO/Manager: | Bret H Krevolin |
| Chairperson: | Joseph J Deane |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,749,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 487,366,380 |
| Unsecured Loans | 98,238,616 |
| Other Loans | 62,063,306 |
| TOTAL LOANS | 647,668,302 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,663,077 |
| Land And Building | 8,674,487 |
| Other Fixed Assets | 325,516 |
| NCUSIF Deposit | 10,897,974 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,290,454,645 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 55,416,700 |
| Accounts Payable & Other Liabilities | 7,050,880 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,820,534 |
| Regular shares | 163,846,176 |
| All Other Shares & Deposits | 874,985,318 |
| TOTAL SHARES & DEPOSITS | 1,093,652,027 |
| TOTAL LIABILITIES | 1,156,209,591 |
| Regular Reserve | 0 |
| Other Reserves | -80,704,338 |
| Undivided Earnings | 214,949,392 |
| TOTAL EQUITY | 134,245,054 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,290,454,645 |
| INCOME & EXPENSE | |
| Loan Income | 27,789,263 |
| Investment Income | 15,066,056 |
| Other Income | 1,566,252 |
| Total Employee Compensation & Benefits | 12,025,106 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,529,921 |
| Non-operating Income & (Expense) | -1,572,305 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,660,000 |
| Cost of Funds | 20,828,225 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,781,414 |
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