UNITED BUSINESS & INDUSTRY Credit Union Profile

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UNITED BUSINESS & INDUSTRY

Charter #7244 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (860) 747-4152

Fax: (860) 793-8248

Founding Date: N/A

Website: https://www.ubifcu.com/

Personnel & Operations

President: Schmelder, Howard

Manager: Bohnwagner III, Edward

FT Employees: 20

PT Employees: 6

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 2

Hours: Monday 9am-5pm drive thru 8am Tuesday 9am-

Credit Union Profile Summary

UNITED BUSINESS & INDUSTRY is a FCU Credit Union. With a total of 11,322 members [1], this institution manages approximately $137,140,342 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 10.88% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 9.42% [1].

Financial Snapshot

Total Assets [1]
$137,140,342

Total economic resources.

Total Loans [1]
$114,507,864

Total value of outstanding loans.

Total Deposits [1]
$121,749,181

Total funds deposited by members.

Members [1]
11,322

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.88%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.20%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
94.05%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 6.30%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 9.42%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 3.48%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

120 Woodford Ave

Plainville, CT, 06062-2335
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by UNITED BUSINESS & INDUSTRY (Charter #7244).

Main Office

United Business & Industry FCU Main Office

Type: Corporate Office

120 Woodford Ave

Plainville, CT 06062-2335

Phone: (860) 747-4152

Services: Member Services, ATM, Drive-Thru

Open in Directions

Additional Branches

Bristol

United Business & Industry FCU

Type: Branch Office

363 N Main St

Bristol, CT 06010

Phone: (860) 584-0100

Services: Member Services, ATM

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