Members / Galina Dyakiv, Yaroslav Fatyak, Volodymyr Otvarukhin, Bohdan Zakharchyshyn
Pictured on Cover: Ukrainian Dancers of Miami
President's Report
In 2025, UFCU maintained economic stability, resilience, and growth despite fluctuating interest rates and inflation.
Guided by leadership under President & Board Chairman Wasyl Kornylo and CEO Oleg Lebedko, the credit union focused on its core pillars: Member Experience, Digital Innovation, Community Engagement, Financial Strength, and Talent Development.
2025 FINANCIAL PERFORMANCE & CORE OPERATIONS
LENDING PROGRAMS & GROWTH
Led by Chief Lending Officer Maria Milazzo, UFCU saw growth in mortgage, auto, personal, and commercial lending while maintaining high underwriting standards and low delinquency ratios.
n Auto Loans: Rates as low as 4.50% APR.
n Personal Loans: Rates starting at 7.99% APR.
n First-Time Homebuyers: Offered dedicated down payment and closing cost grant programs.
DEPOSITS & SAVINGS
n Share Certificates: Offered competitive rates up to 4.25% APY.
n Youth Financial Literacy: Continued expansion of the Mitten Club youth savings program.
WASYL KORNYLO | PRESIDENT & BOARD CHAIRMAN
MEMBERSHIP & DEMOGRAPHICS
n Total Membership: Reached 28,425 members.
n Footprint: Expanded nationally, serving historical roots in Rochester, NY, alongside communities in Boston, Charlotte, Sacramento, the Pacific Northwest, and a fast-growing presence in Florida.
n Demographics: Supported a mix of multi-generational diaspora families and newer Ukrainian immigrants requiring bilingual, culturally informed services.
INNOVATION & RISK MANAGEMENT
DIGITAL TRANSFORMATION
n RADA AI Assistant: Launched a 24/7 bilingual (English/Ukrainian) artificial intelligence assistant.
n Cybersecurity: Led by CIO James Frey, UFCU invested heavily in multi-layered threat detection, penetration testing, and data security.
n Convenience: Enhanced mobile/online banking and leveraged the national shared branching network for physical access.
GOVERNANCE & COMPLIANCE
n Annual Audit: Received an unqualified opinion statement (clean audit), overseen by the Supervisory Committee chaired by Dr. George Hajduczok.
n Regulatory Exams: Passed regular NCUA examinations, meeting all BSA/AML compliance requirements with proactive fraud-mitigation technology.
COMMUNITY IMPACT & DIASPORA SUPPORT
The Ukrainian-American Community (UAC) Foundation (est. 2010) serves as UFCU’s primary charitable vehicle.
n Total Charitable Giving: Over $535,000 to community initiatives.
n Scholarships: Financed over $215,000 in student higher education grants.
n Key Memorial Donors: Dr. Evhen Lylak, EZ Income Tax, Tamara Denysenko, and the Pylyshenko Family.
n Supported Organizations: US-Ukraine Foundation, Harvard Ukrainian Research Institute, Ukrainian Catholic Education Foundation, Ukrainian Cultural Center of Rochester, UCCA, Ukrainian Bandurist Chorus, and humanitarian relief efforts for Ukraine.
LEADERSHIP & GOVERNANCE BOARD OF DIRECTORS
n President & Board Chairman: Wasyl Kornylo
n First Vice President: Yaroslav Fatyak
n Second Vice President: Bohdan Zakharchyshyn
n Treasurer: Barbara Tymoc-Gutierrez
n Secretary: Dr. Evhen Lylak
n Directors: Tamara Denysenko, Olga Zavada (CPA)
n Associate Director: Rostislav Melnik
n Director Emeritus: Myron Babiuk
n Supervisory Committee Chair: Dr. George Hajduczok
2025 EXECUTIVE LEADERSHIP TEAM
n CEO: Oleg Lebedko
n CFO: Oleksa Nowosiadlo (CPA)
n COO: Tanya Dashkevich
n CLO: Maria Milazzo
n CIO: James Frey (CISM, CRISC, CISO)
n CHRO: Kelly Nield (CUHRCP)
2026 STRATEGIC PRIORITIES
n Technology: Upgrade RADA’s capabilities, expand digital account opening, and introduce advanced data analytics.
n Network Expansion: Optimize the physical branch network and deepen the credit union's national footprint in emerging Ukrainian-American hubs (especially the Southeast).
n Workforce: Enhance professional development and training under CHRO Kelly Nield to support UFCU's culture of superior, personalized service.
n Community Focus: Maintain strong humanitarian and cultural ties to the diaspora and relief programs for Ukraine.
Sincerely,
Wasyl Kornylo President & Board Chairman
ЧЛЕНСТВО ТА ДЕМОГРАФІЯ
n Загальна кількість членів: досягла 28 425 осіб.
n Географія присутності: діяльність розширено на
національному рівні; спілка обслуговує як регіон свого історичного заснування (Рочестер, штат Нью-Йорк), так і громади в Бостоні, Шарлотті, Сакраменто, на
Тихоокеанському Північному Заході, а також стрімко розвивається у Флориді. n Демографія: підтримка як багатопоколінних родин діаспори, так і нових українських іммігрантів, які потребують двомовного обслуговування з урахуванням культурної специфіки.
ІННОВАЦІЇ
РИЗИКАМИ
ЦИФРОВА ТРАНСФОРМАЦІЯ
n ШІ-помічник «RADA AI» та онлайн-консультант: запуск цілодобового двомовного (англійська/українська)
ШІ-помічника та «живого» асистента.
n Кібербезпека: під керівництвом директора з інформаційних
n Щорічний аудит: аудиторський
без застережень (позитивний висновок); процес
контролювався Наглядовим комітетом під головуванням
доктора Джорджа Гайдучка.
n Регуляторні перевірки: успішно пройдено планові перевірки NCUA із дотриманням усіх вимог BSA/AML завдяки впровадженню проактивних технологій запобігання шахрайству.
РАДА ДИРЕКТОРІВ
n Президент і голова Ради директорів: Василь Корнило
n Перший віцепрезидент: Ярослав Фатяк
n Другий віцепрезидент: Богдан Захарчишин
n Скарбник: Барбара Тимоць-Гутьєррес
n Секретар: доктор Євген Лилак
n Директори: Тамара Денисенко, Ольга Завада (CPA)
n Асоційований директор: Ростислав Мельник
n Почесний директор: Мирон Бабюк
n Голова Наглядового комітету: доктор Джордж
(CISM, CRISC, CISO)
управління персоналом (CHRO): Келлі Нілд (CUHRCP)
СТРАТЕГІЧНІ ПРІОРИТЕТИ НА 2026 РІК
n Технології: модернізація можливостей ШІ «RADA AI», розширення функціоналу для цифрового відкриття рахунків та впровадження передової аналітики даних. n Розширення мережі: оптимізація мережі фізичних відділень та посилення присутності кредитної спілки на національному рівні у нових осередках українськоамериканської діаспори (особливо на південному сході США). n Кадровий потенціал:
2025 ANNUAL REPORT /
CEO Report
Головного Виконавчого
Директора
OLEG LEBEDKO | CEO |
It is my privilege to present the 2025 CEO Report for Ukrainian Federal Credit Union.
Throughout the year, UFCU continued to navigate a complex economic and operational environment while remaining focused on our mission of serving members, supporting our communities, and maintaining long-term financial strength.
The economic challenges that impacted our members in 2024 continued into 2025. The prolonged downturn in the trucking industry created elevated levels of loan delinquencies and chargeoffs, particularly within commercial transportation-related lending. At the same time, uncertainty surrounding immigration and humanitarian parole programs for Ukrainians affected membership growth trends and the financial outlook for many newly arrived members.
Despite these pressures, UFCU remained financially sound, well-capitalized, and operationally disciplined. Management took proactive steps to mitigate potential loan losses through enhanced collection efforts, stronger underwriting oversight, and strategic sales of loan participations to reduce concentration risk and preserve liquidity.
UFCU also continued investing in service quality, employee development, digital capabilities, and strategic expansion initiatives designed to strengthen the organization for the future.
та ефективною в операційній діяльності. Для мінімізації потенційних кредитних втрат керівництво
FINANCIAL HIGHLIGHTS
n Total Assets: $415,342,805
UFCU maintained stable asset growth of 4.89% while continuing to preserve strong liquidity and capital ratios.
n Loan Portfolio Quality
Delinquencies and charge-offs increased during 2025, driven primarily by stress in the trucking industry and broader economic pressures affecting some borrowers. Management responded aggressively with workout strategies, loan modifications where appropriate, and selective participation sales to mitigate potential future losses.
n Capital Position: $32,293,584
UFCU remained well-capitalized throughout the year, maintaining strong net worth levels well above regulatory requirements.
n Operating Expenses
Through disciplined expense management and operational efficiencies, UFCU maintained relatively low operating expenses at 3.22% while continuing to invest in member service and technology improvements.
n Total Membership: 28,425 members
Membership growth remained relatively static compared to prior years, primarily due to the suspension of the Uniting for Ukraine (U4U) program and uncertainty regarding the status of Ukrainian humanitarian parolees in the United States.
MEMBERSHIP AND COMMUNITY COMMITMENT
Even during a period of slower membership growth, UFCU remained deeply committed to supporting our members and the broader Ukrainian-American community.
UFCU continued expanding common bond relationships with churches, nonprofit organizations, and community groups within our field of membership adding nine new organizations in 2025, and three more during the first half of 2026. We remained active in supporting humanitarian initiatives benefiting our local community and Ukraine and assisting newly arrived immigrants with financial education and access to responsible financial services.
UFCU participated in the Small Business Recovery Grant (SBRG) program of the Federal Home Loan Bank of New York (FHLBNY) and distributed $50,000 in grants to eligible nonprofits and small businesses. In addition, we invested over $200,000 through donations, sponsorships, promotions, and marketing support for our common bond organizations.
окремих позичальників. Керівництво активно
впроваджувало програми реструктуризації, модифікації кредитів та вибірковий продаж кредитних участей для зменшення потенційних майбутніх втрат.
n Капітал: $32,293,584
УФКС залишалася добре капіталізованою
членів та технологічні вдосконалення. n Загальна кількість членів: 28,425
Зростання членства сповільнилося порівняно з попередніми роками, головним чином через призупинення програми Uniting for Ukraine (U4U) та невизначеність щодо статусу українських гуманітарних паролів у США.
ГРОМАДИ
Навіть у період повільнішого зростання членства
SERVICE CULTURE AND MEMBER EXPERIENCE
Developing a strong service culture remained one of UFCU’s top priorities in 2025. Management continued emphasizing employee training, responsiveness, professionalism, and personalized member service across all branches and delivery channels.
One of the most encouraging developments during the year was the establishment of a Young Professionals (YP) group focused on engaging the next generation of our employees. The initiative created new networking, professional development, and leadership opportunities while strengthening long-term employee engagement.
To better understand member expectations and satisfaction levels, UFCU conducted a comprehensive member survey at the end of 2025. The results were extremely encouraging, with an overwhelming number of highly favorable responses and a Net Promoter Score (NPS) that ranked among the highest compared to our peer institutions. The feedback confirmed the strong trust and loyalty UFCU has built with members while also helping identify areas for continued improvement.
STRATEGIC DEVELOPMENT AND BRANCH EXPANSION
UFCU continued preparing for future growth and modernization initiatives during 2025.
Significant progress was made toward opening our new Florida branch, which is expected to strengthen UFCU’s presence in one of the fastest-growing Ukrainian-American communities in the country. The project reflects our long-term commitment to expanding access to UFCU services while balancing efficient operational models and digital-first delivery strategies. The branch opened in March 2026, and several local organizations and churches joined our common bond in that area. As of June 2026, UFCU operates a network of 15 branches in 9 states.
In Central New York, UFCU also moved forward with relocating the Syracuse branch to a more visible and accessible location in Camillus. The relocation is intended to improve member convenience, enhance branch functionality, and better position the credit union for future growth in the region.
LOOKING AHEAD
As we move into 2026, UFCU will continue focusing on disciplined risk management, operational efficiency, and strategic growth. Economic uncertainty, regulatory changes, and evolving member needs will require continued adaptability and prudent decisionmaking.
OUR PRIORITIES WILL INCLUDE:
n Continuing to manage and reduce credit risk exposure,
n Strengthening member relationships and service quality,
n Expanding digital capabilities,
n Supporting employee development and organizational culture,
n Continuing to develop existing branches to their full potential,
n Maintaining strong capital and liquidity positions.
While the operating environment remains challenging, UFCU is well-positioned for the future due to the dedication of our staff, volunteers, board members, and loyal membership.
GRATITUDE AND COMMITMENT
I would like to sincerely thank our members, employees, volunteers, supervisory committee, and board of directors for their continued trust, hard work, and support throughout 2025.
Together, we continue building a stronger institution rooted in cooperation, financial empowerment, and service to our community. UFCU remains committed to serving with integrity, adapting with purpose, and preserving the values that have guided our organization for generations.
відділеннях та каналах
обслуговування.
Одним із найбільш позитивних досягнень року стало створення групи Young Professionals (YP), спрямованої на
залучення нового покоління наших працівників.
Statement of Financial Condition
For the Years Ended December 31, 2025 and 2024
At the time of publication of this Annual Report, the Credit Union's independent audit for the year ended December 31, 2025, had not yet been completed. The accompanying financial statements are unaudited and are presented based on management's records and estimates.
витрати
інші
зобов’язання Operating lease liability $1,109,783 1,307,181 Зобов'язання по операційній оренді Borrowings 3,881,179 10,126,020 Запозичені Кошти
Total liabilities excluding members' accounts 7,976,861 13,821,171 Всього поточних зобов’язань
MEMBERS' ACCOUNTS: РАХУНКИ
Members' shares and savings accounts 180,588,250 171,493,023 Рахунки членів Members' share certificates
Термінові депозити членів
Non-members' certificates 6,049,137 8,797,966 Сертифікати, не членів
Total members' accounts 375,072,360 350,524,699 Всього
Statement of Income
For the Years Ended December 31, 2025 and 2024
Treasurer's Report
BARBARA TYMOC-GUTIERREZ | TREASURER
It is my great pleasure to stand before you today and report that 2025 was another outstanding year for our Ukrainian Federal Credit Union! Thanks to your continued trust and the dedication of our wonderful team, UFCU delivered strong financial results while making a meaningful difference in the lives of our members and the broader community.
FINANCIAL HIGHLIGHTS
A YEAR OF STRENGTH AND GROWTH
n Record Share Growth: Total shares reached approximately $375 million by year-end, reflecting the tremendous confidence our members place in us.
n Solid Asset Base: Total assets closed near $415 million, providing a strong foundation for continued service and stability.
n Loans to Support Our Community: Total loans stood at $336 million, helping members buy homes, purchase vehicles, support businesses, and achieve their financial dreams.
n Membership: We proudly served more than 28,425 members across our 14 branches.
n Financial Stewardship: Net worth remained solid at over $32.3 million, with well-controlled operating expenses and prudent risk management that kept us safe and sound.
We built successfully on the momentum from 2024, maintaining healthy liquidity and delivering consistent, member-focused results.
COMMUNITY IMPACT
AT THE HEART OF WHAT WE DO
Beyond the numbers, 2025 was a year in which UFCU deepened its role as a true community champion. Some of our proudest initiatives included:
n Support for Ukrainian Cultural and Humanitarian Efforts: We continued our long-standing partnership with Ukrainian American organizations, providing sponsorships and low-cost banking services for cultural festivals, language programs, and community events that preserve and celebrate our heritage.
n Member Business Lending: We expanded support for local Ukrainian-owned businesses, helping entrepreneurs grow and create jobs within our community.
n Financial Education and Youth Programs: Through workshops, school partnerships, and youth savings initiatives, we empowered the next generation with essential money management skills.
n Charitable Giving and Scholarships: UFCU team members and the credit union supported local food banks, Ukrainian relief efforts, and awarded scholarships to deserving students in our community.
n Affordable Housing and First-Time Homebuyer Support: We offered special loan programs and counseling to help families achieve homeownership — a cornerstone of building generational wealth.
These initiatives are only possible because of you — our members. Every deposit, every loan, and every interaction helps fuel the positive impact UFCU makes across families, businesses, and cultural organizations.
LOOKING FORWARD TO 2026
With strong deposit growth, a loyal and engaged membership, and a rock-solid balance sheet, we are exceptionally well positioned for continued success. In the coming year, we will focus on:
n Growing quality loans that serve our members’ dreams
n Further enhancing digital and in-person services
n Expanding our community partnerships and impact programs
n Delivering even greater value to every member
Thank you to our loyal members for choosing UFCU as your financial home. Thank you to our Board for your wise guidance. And a heartfelt thank you to our outstanding staff — your commitment to service and community makes all the difference.
Together, we are not just a credit union — we are a vital part of the Ukrainian-American community’s strength and future.
Here’s to an even brighter and more impactful 2026!
кредитів склала $336 мільйонів, допомагаючи нашим членам придбати будинки, транспортні засоби, підтримувати бізнеси та досягати їхніх фінансових мрій.
n Членство: Ми з гордістю обслуговували 28 425 членів у 14 філіях.
n Фінансове Управління: Чиста вартість активів залишилася на стабільному рівні понад $32,3 мільйона з добре контрольованими операційними витратами та розважливим управлінням ризиками, які забезпечили нам безпеку та стабільність.
Ми успішно розвинули динаміку 2024 року, підтримуючи здорову ліквідність та забезпечуючи стабільні результати, орієнтовані
кожна позика та кожна взаємодія сприяють тому, що УФКС робить позитивний внесок у життя сімей, підприємств та культурних організацій. З НЕТЕРПІННЯМ
Report from the Community Relations Committee
TAMARA DENYSENKO | COMMITTEE CHAIR
The Ukrainian Federal Credit Union is committed to the credit u nion philosophy of “People Helping People” and has made giving back and support ing its common bond community part of its mission.
We believe in making a difference by actively supporting, through monetary donations, volunteerism and financial education programs, various charitable organizations, community, educational, civic and cultural initiatives of the communities in which we are located and serve.
In 2025, the UAC Foundation at Ukrainian FCU donated over $120,000 in support of UFCU branch communities benefiting over 80 organizations from coast to coast across 9 U.S. states. For over 20 years, UFCU has also assisted Ukrainian Consuls with their onsite consulate services at various UFCU branch locations, and in 2025 helped to serve over 1,000 participants. In collaboration with the UFCU Marketing Department we actively promoted various community events near our branches as a way to show solidarity and support for our area organizations and churches.
COMMITTEE MEMBERS
Advisory Committees in select areas also served an important role in both listening to and sharing any member concerns and providing guidance to our UFCU management team. We thank them for their contributions and volunteer service. Ukrainian FCU looks forward to celebrating its 75th Anniversary in 2028 by growing and sustaining its vision “to be the financial provider of choice for our members and one of the leading Credit Unions in the USA”.
For more information visit: ukrainianfcu.org/community
YAROSLAV FATYAK
ALEX ORYSHKEVYCH
BOHDAN ZAKHARCHYSHYN
Джордж Гайдучок був переобраний головою, а Василь
Грицюта, Ніколас Г. Боберський та Ігор Левків продовжують свою роботу в Комітеті. Наглядовий Комітет також вітає нашого нового члена, Джина Сидора. Уродженець Рочестера та професіонал з державного адміністрування, Джин також є
полковником армії США у відставці з понад 30-річним стажем служби. Ми вітаємо Джина та з нетерпінням чекаємо на його участь. Ми завжди раді волонтерам з будь-якого нашого
відділення, які бажають працювати в нашому комітеті, тож якщо ви зацікавлені, будь
як
Basecamp, щоб
дотримання
NCUA щодо наглядової ролі Комітету та його контролю за
1 YEAR OF RADA OUR HYBRID LIVE & VIRTUAL CHAT SERVICE
Why did we implement RADA in 2025?
We saw a need to enhance and expand our engagement channels and to meet members where they’re at. We found that some members, as well as non-members, preferred contacting us through text as opposed to calling or visiting a branch, in order to get simple answers to their questions, or help resolving a problem. While an 80% approval rating is good, we know there is room for improvement, and look forward to making further updates that benefit both our members and our member service team.
Highlights:
n Over 1,000 interactions
n 80% approval rating
n Most popular topics focused on debit/credit cards, general account questions, general loan questions, new account inquiries, new loan inquiries, and online & mobile banking.
REINVESTING IN OUR COMMUNITIES
In 2025 Ukrainian Federal Credit Union (UFCU) applied for and received $50,000 in grant funding from the Federal Home Loan Bank of New York* (FHLBNY) as part of the Small Business Recovery Grant program. UFCU then allocated all funds to our common bond churches across New York state.
In 2026 UFCU applied for and received another $50,000 to be redistributed to community organizations across New York state that did not already receive funding from the FHLBNY during this calendar year. Congratulations to all past and present recipients!
*FHLBNY is a private, non-governmental wholesale bank within the national Federal Home Loan Bank System. У
50 000
Federal Home Loan Bank of New York (FHLBNY) у рамках
It is a pleasure to introduce myself, Olena Snopko. I was born in city of Lviv, Ukraine, and while Massachusetts was my initial American home, I've since found my place in the vibrant "Sunshine State" of Florida, always carrying the enduring spirit of Ukraine in my heart.
With over 14 years of banking experience, cultivated primarily in Massachusetts, I bring a wealth of financial knowledge and a commitment to service to our community here in Florida. My passion is to help both families and businesses to confidently navigate their financial journeys. I firmly believe that true financial partnership begins with a deep understanding of each member's individual circumstances, needs, and specific goals.
Outside of the branch, my greatest joy comes from spending time with my husband and our two wonderful daughters.
I am genuinely excited to extend a warm welcome to you at the Hallandale Beach Branch. Please feel free to stop by or reach out. I look forward to meeting you and discussing how we can help achieve your financial objectives.
Photo: World Vyshyvanka Day 20th anniversary event organized by Ukrainian American Business
MEMBERS OF OVER 100 COMMON BOND ORGANIZATIONS & CHURCHES MAY JOIN
In 2025 and the first half of 2026 we welcomed the following organizations & churches to our common bond network:
Church of New Hope – Matthews, NC
St. Nicholas Ukrainian Orthodox Church – Cooper City, FL
Florida 4 Ukraine – Hallandale, FL
Ukrainian Association of Florida – Lake Worth, FL
House of Prayer Slavic Evangelical Church – Greer, SC
Our Lady of Zarvanycia Ukrainian Greek Catholic Parish – Seattle, WA
Living Grace Church of Asheville – Arden, NC
Upstate Ukrainian American Society – Greer, SC
God’s Church of Faith – Greer, SC
Revival Slavic Christian Center – Sacramento, CA
Ukrainian Cultural Center of New England – Norwood, MA
