Ukrainian Selfreliance New England Credit Union

Ukrainian Selfreliance New England Credit Union Locations
21 Silas Deane Highway
Wethersfield, CT 06109
(860) 296-4714
www.usnefcu.com



Ukrainian Selfreliance New England Credit Union is headquartered in Wethersfield and is the 31st largest credit union in the state of Connecticut. It is also the 2,724th largest credit union in the nation. It was established in 1959 and as of December of 2011, it had grown to 16 employees and 2,836 members. Ukrainian Selfreliance New England Credit Union has a 4-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Ukrainian Selfreliance New England Credit Union Checking Account Rates

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0.05%$100-Checking Account

Ukrainian Selfreliance New England Credit Union Savings Account Rates

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0.35%$25-IRA Share Account
0.25%$50k-Share Account

Ukrainian Selfreliance New England Credit Union Money Market Rates

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0.35%$50k-Money Market Account

Ukrainian Selfreliance New England Credit Union CD Rates

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1.75%$1k-5 Year CD
1.40%$1k-4 Year CD
1.05%$1k-3 Year CD
0.85%$1k-2.5 Year CD
0.75%$1k-2 Year CD
0.65%$1k-18 Month CD
0.45%$1k-1 Year CD
0.35%$1k-6 Month CD

Ukrainian Selfreliance New England Credit Union IRA Rates

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1.75%$1k-5 Year IRA
1.40%$1k-4 Year IRA
1.05%$1k-3 Year IRA
0.85%$1k-2.5 Year IRA
0.75%$1k-2 Year IRA
0.65%$1k-18 Month IRA
0.45%$1k-1 Year IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


UKRAINIAN SELFRELIANCE NEW ENGLAND
NCUA #13107
BankRate ReportView
Year Chartered1959
Employees16
Primary Regulator

Assets and Liabilities

Assets$34.90 million
Loans$18.12 million
Deposits$31.63 million
Equity Capital$3.16 million
Loan Loss Allowance$181,000
Unbacked Noncurrent Loans$170,000
Real Estate Owned$267,000

Historic Data - December 2010

Assets$34.58 million
Equity Capital$3.68 million
Loan Loss Allowance$160,000
Unbacked Noncurrent Loans$351,000
Real Estate Owned$546,000

Profit Margin - Quarterly

Net Interest Margin5.89%
Return on Assets-1.5%
Return on Equity-16.53%
Interest Income$1.39 million
Non-Interest Income($7,000)

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Ukrainian Selfreliance New England Credit Union had $437,000 in non-current loans and owned real-estate with $3.34 million in equity and loan loss allowances on hand to cover it. This gives Ukrainian Selfreliance New England Credit Union a Texas Ratio of 13.09% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Ukrainian Selfreliance New England Credit Union decreased significantly from 23.35% as of December 31, 2010 to 13.09% as of December 31, 2011, resulting in a positive change of 43.93%.This indicates that the balance sheet and financial strength for Ukrainian Selfreliance New England Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Ukrainian Selfreliance New England Credit Union has increased its total deposits by $772,000, resulting in 2.5% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Ukrainian Selfreliance New England Credit Union has shown is above average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Ukrainian Selfreliance New England Credit Union has $34.9 million in assets with $3.34 million in equity, resulting in a capitalization level of 9.57%, which is average.
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