Dec, 31, 2023 — UPSTATE FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, SC with 4 branch locations and about $132.95 million in total assets. Opened 59 years ago in 1965, UPSTATE FEDERAL CREDIT UNION has about 15,917 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UPSTATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 123 Broadbent Way ANDERSON, SC 29625 |
| Phone: | (864) 359-3355 |
| Fax: | (864) 328-0305 |
| Website: | https://www.upstatefcu.org |
| Branches: | 4 branch locations |
| Members: | 15,917 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24484 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $132,948,045 |
| CEO/Manager: | Donna J Metz |
| Chairperson: | Chris E Neuenschwander |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,339,444 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,856,347 |
| Unsecured Loans | 6,908,322 |
| Other Loans | 61,925,352 |
| TOTAL LOANS | 85,705,418 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -647,553 |
| Land And Building | 3,647,895 |
| Other Fixed Assets | 217,111 |
| NCUSIF Deposit | 1,072,159 |
| All Other Assets | 66,777 |
| TOTAL ASSETS | 132,948,045 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 103,254 |
| Notes & Interest Payable | 16,484,000 |
| Accounts Payable & Other Liabilities | 433,770 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,243,095 |
| Regular shares | 50,324,302 |
| All Other Shares & Deposits | 26,042,031 |
| TOTAL SHARES & DEPOSITS | 105,609,428 |
| TOTAL LIABILITIES | 122,630,452 |
| Regular Reserve | 0 |
| Other Reserves | -1,646,512 |
| Undivided Earnings | 11,964,105 |
| TOTAL EQUITY | 10,317,593 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 132,948,045 |
| INCOME & EXPENSE | |
| Loan Income | 5,514,194 |
| Investment Income | 772,382 |
| Other Income | 1,463,540 |
| Total Employee Compensation & Benefits | 3,744,191 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,493,084 |
| Non-operating Income & (Expense) | 923,780 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 446,957 |
| Cost of Funds | 1,141,868 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,891,523 |
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