Dec, 31, 2023 — UPS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $41.02 million in total assets. Opened 44 years ago in 1980, UPS EMPLOYEES CREDIT UNION has about 6,049 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UPS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1814 E Brooks Rd MEMPHIS, TN 38116 |
| Phone: | (901) 396-2132 |
| Fax: | (901) 345-0400 |
| Website: | https://www.upscu.org |
| Branches: | 1 branch locations |
| Members: | 6,049 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67608 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,024,503 |
| CEO/Manager: | Blake Wood |
| Chairperson: | Wayne Holobaugh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,909,844 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,305 |
| Unsecured Loans | 4,062,897 |
| Other Loans | 28,167,054 |
| TOTAL LOANS | 32,270,256 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -564,340 |
| Land And Building | 474,212 |
| Other Fixed Assets | 4,954 |
| NCUSIF Deposit | 297,335 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,024,503 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 272,917 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,375,811 |
| Regular shares | 24,207,395 |
| All Other Shares & Deposits | 5,907,032 |
| TOTAL SHARES & DEPOSITS | 32,490,239 |
| TOTAL LIABILITIES | 32,763,156 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,261,347 |
| TOTAL EQUITY | 8,261,347 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,024,503 |
| INCOME & EXPENSE | |
| Loan Income | 2,033,994 |
| Investment Income | 158,677 |
| Other Income | 326,027 |
| Total Employee Compensation & Benefits | 849,950 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 621,662 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,000 |
| Cost of Funds | 223,010 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 827,001 |
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