WARREN, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UKRAINIAN FUTURE CREDIT UNION, founded in 1961, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 40% operating deficit.
TO SERVICE THE FINANCIAL NEEDS OF OUR AMERICAN-UKRAINIAN MEMBERS IN THE EXPRESSED MOTTO, NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE."
PROVIDE OUR 3,800 MEMBERS WITH SHARE, SHAREDRAFT, JR. PLAN SAVINGS, IRAS, AND CERTIFICATE OF DEPOSIT ACCOUNTS AND SERVICES. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE...
PROVIDE OUR 3,800 MEMBERS WITH SHARE, SHAREDRAFT, JR. PLAN SAVINGS, IRAS, AND CERTIFICATE OF DEPOSIT ACCOUNTS AND SERVICES. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE 8/31/18. CREDIT UNION DEPOSIT, LENDING, AND OTHER SERVICES FOR THE FORMER MEMBERS OF UKRAINIAN FUTURE CREDIT UNION WILL CONTINUE, BUT UNDER SELFRELIANCE FEDERAL CREDIT UNION.
PROVIDE 1,240 LOANS INCLUDING NEW AND USED AUTO, NEW AND USED RECREATIONAL VEHICLE, BUSINESS, CREDIT CARD, SIGNATURE, AND MORTGAGE LOANS TO OUR 3,800 MEMBERS. THE CREDIT UNION MERGED WITH...
PROVIDE 1,240 LOANS INCLUDING NEW AND USED AUTO, NEW AND USED RECREATIONAL VEHICLE, BUSINESS, CREDIT CARD, SIGNATURE, AND MORTGAGE LOANS TO OUR 3,800 MEMBERS. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE 8/31/18. CREDIT UNION DEPOSIT, LENDING, AND OTHER SERVICES FOR THE FORMER MEMBERS OF UKRAINIAN FUTURE CREDIT UNION WILL CONTINUE, BUT UNDER SELFRELIANCE FEDERAL CREDIT UNION.
PROVIDE ATM AND DEBIT CARD, SAFE DEPOSIT BOX, ELECTRONIC BANKING, WIRE TRANSFER, OVERDRAFT AND COURTESY PAY TO ALL ELIGIBLE MEMBERS. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION...
PROVIDE ATM AND DEBIT CARD, SAFE DEPOSIT BOX, ELECTRONIC BANKING, WIRE TRANSFER, OVERDRAFT AND COURTESY PAY TO ALL ELIGIBLE MEMBERS. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE 8/31/18. CREDIT UNION DEPOSIT, LENDING, AND OTHER SERVICES FOR THE FORMER MEMBERS OF UKRAINIAN FUTURE CREDIT UNION WILL CONTINUE, BUT UNDER SELFRELIANCE FEDERAL CREDIT UNION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2018 | 2017 | Change | |
|---|---|---|---|
| Revenue | $1,383,094 | $2,277,958 | -0.4% |
| Expenses | $1,939,873 | $1,640,972 | +0.2% |
| Net Income | $-556,779 | $636,986 | -1.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREW JAKYMOWYCH | CEO/TREASURER | 40.00 |
Officer
Director
|
$25,369 | $7,671 | $33,040 |
| VERA KUCYJ | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEO MURSKYJ | VICE CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER CHUPA | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERENEY J SZECHOWYCZ | TREASURER ASSISTANT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER WORYK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE J TARNAVSKY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE WORONOWYCZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATALIA RUDNYCKYJ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $1,383,094 | $1,939,873 | No data | $-556,779 |
Compare UKRAINIAN FUTURE CREDIT UNION with other nonprofits in Michigan and across the country.