by UNA | 2023 15, Sep | Announcements, News, Social Media
NEW 3-YEAR MYGA RATE AND NEW 5-YEAR MYGA PRODUCT
3-Year MYGA now has a guaranteed rate of 4.75%
5-Year MYGA (new product) has a guaranteed rate of 5.25%
5 YEAR TRADITIONAL ANNUITY
Now has a first year rate of 5.50%*
Now has a second year rate of 5.00%
A full withdrawal (principal and interest) from the account prior to 5 years will incur a surrender charge.
7 YEAR TRADITIONAL ANNUITY
Now has a first year rate of 5.75%*
Now has a second year rate of 5.00%
A full withdrawal (principal and interest) from the account prior to 7 years will incur a surrender charge.
9 YEAR TRADITIONAL ANNUITY
Now has a first year rate of 8.00%*
A full withdrawal (principal and interest) from the account prior to 9 years will incur a surrender charge.
*First Year Rate
Minimum Guaranteed Rate 2%
Rates Subject to Change
Not Available In All States
by UNA | 2023 28, Jul | Announcements, News, Social Media
Famed Ukrainian folk quarter DakhaBrakha headlines Soyuzivka Ukrainian Festival
Ukrainian National Foundation President Roman Hirniak spoke during the evening gala.
KERHONKSON, N.Y. – The Soyuzivka Ukrainian Festival at the Ukrainian National Foundation’s (UNF) Soyuzivka Heritage Center took place over three days from July 14 to 16 with the famed Ukrainian folk music quartet DakhaBrakha headlining the festival’s Saturday night performance in front of several thousand guests.
The festival attracted visitors from many states to the daily exhibits and events, as well as enthusiastic audiences for the afternoon and evening stage shows. Arts and crafts vendors exhibited their wares on the plaza.
The festival kicked off with an evening concert at 7 p.m. on Friday, July 14, as individuals gathered in front of the event’s main stage to enjoy performances by Korinya, Roman Karpishka and Irina Petrik, Inessa Tymochko-Dekajlo and Ihor Dekajlo, Christina Yavdoshnyak and the Roma Pryma Bohachevsky Ukrainian Dance Workshop. Andrij Dobriansky emceed the evening concert.
Other festival guests took part in a gala and fundraising dinner at 7:30 p.m. on Friday, July 14, that included performances by Adrian Pysariwksy, Slau Halatyn, Ms. Yavdoshnyak. That gala was emceed by Roman Wasylyk. During the gala dinner, Soyuzivka Managing Director Stephen Barankewicz outlined a vision for a new outdoor dining area.
View: The Ukrainian Weekly: PHOTO REPORT: 2023 Ukrainian Cultural Festival
by UNA | 2023 18, May | Announcements, News, Social Media
UNA Home Office Celebrates Vyshyvanka Day
Members of the home office staff of the Ukrainian National Association gathered for a
group photo while wearing traditional Ukrainian embroidered shirts (vyshyvankas) at the
organization’s headquarters in Parsippany, N.J., on the occasion of Vyshyvanka Day, observed
around the world by Ukrainians on May 18.
– Steven Woch
by UNA | 2023 28, Apr | Announcements, Meetings, Meetings, News, Social Media
PARSIPPANY, N.J. – An independent, comparative analysis of the Ukrainian National Association’s (UNA) key financial ratios as of December 31, 2022, prepared by Standard Analytical Service, Inc., concluded that, based on financial results achieved in the year ended in 2022, the UNA received a rating of “favorable” when compared to the aggregate averages of 25 of the leading life insurance companies in the United States.
The report focused on areas of solvency (assets for each $100 of liabilities), liquid invested assets (bonds, stocks, cash and short-term investments for each $100 of liabilities) and additional organizational strengths based on assets, reserves and surplus.
The UNA showed assets of $107.05 per each $100 in liabilities and $102.42 of liquid invested assets per $100 of liabilities. The average among the top-25 companies was $47.54.
Other ratios show further proof of financial strength and stability. For example, per $1,000 of life insurance in force, the UNA had $1,825.93 in assets, while the average among the 25 companies was $149.03, it had $1,642.62 in reserves, while the average for the 25 companies was $63.69, and it had $120.27 in surplus, while the average was $9.75.
The UNA’s financial statement summary, as of December 31, 2022, included the following financial metrics:
Admitted Assets – $180,887,413
Policy Reserves – $162,728,249
Total Liabilities – $168,972,379
Gross Surplus – $11,915,034
Insurance in Force – $99,066,000
Benefits to Policyowners – $15,764,368
Net Investment Income – $8,542,267
Total Income – $21,467,953
Insurance Issued – $1,071,000
“We are tremendously pleased with our numbers when compared to these leading companies in the U.S., which have been in business for an average of over 100 years and own a significant portion of invested assets and life insurance in force,” said Roman B. Hirniak, the UNA’s President and Chief Executive Officer.
“When you examine those numbers, as against prior year 2021, you immediately notice that our assets increased by just under $2 million, our net gain from operations reflects a 93 percent increase in profit, our surplus increased by 2.1 percent and we were able to reduce operating expenses by roughly $56,000,” Mr. Hirniak said.
“When you couple those results with the attractive annuity products and crediting rates the UNA is offering, it’s clear to see that we’re singularly focused on earning the public’s confidence, while maintaining the fraternal nature of our organization and resultant membership benefits,” Mr. Hirniak said.
by UNA | 2023 28, Apr | Announcements, Community event, Community event, Meetings, News, Social Media
SOMERSET, N.J. – During the annual St. Thomas Sunday observances on April 22 and April 23 at St. Andrew Ukrainian Orthodox Cemetery in South Bound Brook, N.J., faithful had the opportunity to visit information tables of various vendors at the Cultural Center. Among them was a table with information about the Ukrainian National Association (UNA). Staffing that table on April 22 were Maria Drich (left, holding small Ukrainian flag), secretary of UNA Branch 42 and a home office employee, with her granddaughters, Nelia (right) and Nastia (second from the left); Michael Bohdan (third from the left), secretary of UNA Branch 133 with his wife, Nancy (second from the right); and Oksana Stanko, secretary of UNA Branch 37 and a member of the UNA’s Fraternal Advisory Board.
by UNA | 2023 7, Apr | Announcements, News, Scholarship, Social Media
PARSIPPANY, NJ – Each year, the Ukrainian National Association (UNA) offers special scholarships and monetary awards for its student members who are enrolled in colleges and universities. The deadline for applications for the 2023-2024 academic year is June 1, 2023, and the UNA encourages its student members to take advantage of this very important fraternal benefit.
In the more than 129 years of its existence, the UNA has always supported young people in their pursuit of higher education. In fact, the first UNA scholarships were actually small stipends awarded to promising students to help them attain a brighter future. A formal scholarship program was established in 1964. Since then, the UNA has awarded scholarships to several thousand young men and women.
The special scholarships awarded by the UNA – but funded by generous and altruistic benefactors – include the following for undergraduate students:
• Joseph and Dora Galandiuk Scholarship ($2,000) for students in the sciences or accounting;
• Orest and Lidia Bilous Family Foundation Scholarship ($2,000) for students studying political science;
• Dmytro and Slava Jarosewycz Memorial Scholarship ($1,000) for students excelling in their studies;
• Stefan Hawrysz Scholarship ($1,000) for students from one of the UNA’s Philadelphia District branches;
• Maria and Taras Slevinsky Scholarship ($1,000) for students in nursing; and
• Danylo Andrii Demidenko Scholarship ($500) for students in the medical field.
In addition, the UNA sponsors five UNA Heritage Scholarships in the amount of $1,000 each, for undergraduate or graduate students enrolled in either full- or part-time programs. These scholarships – which recognize academic achievement and community involvement – were established in 2019 to celebrate the UNA’s 125th anniversary.
The Orest and Lidia Bilous Family Foundation Scholarship was established in December 2022, becoming the newest addition to the UNA’s scholarship program. With that addition, the UNA has 11 special scholarships in addition to the regular monetary awards based on the applicant’s year of study. These are granted upon completion of the senior year of high school and during the freshman, sophomore and junior years of college.
Incoming freshmen receive the lowest award amounts, while seniors receive the highest. Amounts awarded by the UNA Scholarship Committee depend on the availability of UNA funds in any given year.
Last year, the UNA Scholarship Committee recognized 43 students from the United States and Canada with special scholarships or monetary awards.
In order to apply for a UNA scholarship or award, a student must have a current UNA insurance policy with a minimum amount of $5,000 (term policies excluded). The most common policies are Endowment at Age 18 and the 20-Year Endowment. These policies are usually purchased for children by their parents, grandparents or aunts and uncles.
To learn more about the UNA’s scholarship program and eligibility requirements, or to download an application, readers may visit the following link on the UNA website: unainc.org/benefits/scholarships/.
It is important to note that the UNA also offers a Coverdell Education Savings Account (ESA), another common vehicle for academic funding, whereby up to $2,000 per year can be deposited into an account with tax-free growth, provided the funds are withdrawn and used for studies.
For more information about UNA insurance policies, endowments, annuities, IRAs and the ESA, readers may contact their branch secretary or the UNA directly at 800-253-9862.
by UNA | 2023 31, Mar | Announcements, News, Social Media
CHECK OUT UNA’S NEW ANNUITY RATES and reach your retirement goals!
4.25% -3 Year MYGA
4.50%* – 5 Year (2nd Year 4.00%)
4.75%* – 7 Year (2nd Year 4.00%)
5.25%* – 9 Year (2nd Year 4.50%, 3rd Year 4.00%)
* FIRST YEAR RATE
by UNA | 2022 17, Nov | Announcements, News, Social Media
Christmas time is finally here and we have just the gift for you and your loved ones!
This year, we have created beautiful Ukrainian Christmas cards! Fill them out with a personal message and share in the spirit of giving this holiday season.
Learn more by clicking the link below!
https://unainc.org/una/christmas-cards/
by UNA | 2022 14, Nov | Announcements, News, Social Media
- NEW 3 Year – Has a rate of 4.00%* during the first year.
- 5 Year – Has a rate of 4.10%* during the first year
Second Year Rate 3.50%
- 7 Year – Has a rate of 4.25%* during the first year
Second Year Rate 3.50%
- 9 Year – Has a rate of 5.00%* during the first year
Second Year Rate 4.00%
Arrows banners, colorful design numbered over white background. Vector illustration
* FIRST YEAR RATE. MINIMUM GUARANTEED RATE 2%
by UNA | 2022 26, Oct | Announcements, Educational, News, Social Media
A federal tax-advantaged educational savings program the Coverdell ESA funds education expenses – not retirement.
CURRENT RATE 4.10%
- Allows for after-tax contributions of up to $2000 per child annually.
- Interest on contributions grows tax-free.
- Account must be established before a child turns 18. Deposits can be made until age 18.
- Withdrawals can be made until age 30 for qualified educational expenses.
- By age 30 unused funds can be transferred to a younger family member’s Coverdell account.
- No annual maintenance fee.
- If used for qualified education expenses distribution can be tax-free. Income limits apply.
by UNA | 2022 9, Sep | Announcements, News, Social Media
by UNA | 2022 2, Sep | Announcements, Educational, News, Social Media
PARSIPPANY, N.J. – The Ukrainian National Association (UNA) has a decades-long record of assisting students in their pursuit of higher education. In keeping with that tradition, the UNA Scholarship Committee met virtually on June 24 to review all applications for scholarships and awards for the 2022-2023 academic year.
There was a total of 43 applicants from 21 different branches. Once again, the credentials of applicants were truly exceptional, with a number of students applying for more than one scholarship for which they were eligible.
The special scholarships awarded by the UNA include the following for undergraduate students: the Joseph and Dora Galandiuk Scholarship ($2,000) for students of accounting or the sciences; the Dmytro and Slava Jarosewycz Memorial Scholarship ($1,000) for students excelling in their studies; the Stefan Hawrysz Scholarship ($1,000) for students from one of the UNA Philadelphia District’s branches; the Vera Stangl Scholarship ($750) for students of journalism or nature/wildlife; the Joseph Wolk Scholarship ($750) for students of Lemko heritage; and the Ukrainian National Home Corp. of Blackstone, Mass., scholarship ($500) for students from New England branches of the UNA.
This year benefactors funded two new scholarships: the Maria and Taras Slevinsky Scholarship ($1,000) for students majoring in nursing; and the Danylo Andrii Demidenko Scholarship ($500) for students in the medical field.
The UNA is grateful for the continued support of all benefactors who fund scholarships for our community’s students.
If you or your organization is interested in sponsoring a UNA scholarship, please contact Eugene Serba of the UNA Corporate Board of Directors at 856-904-4161. The UNA will process, evaluate and handle administration of the scholarship you fund based on criteria you establish.
In addition to the aforementioned special scholarships, the UNA sponsors UNA Heritage Scholarships of $1,000 each for undergraduate or graduate students enrolled in full- or part-time programs. These scholarships – which recognize academic achievement and community involvement – were established in 2019 to coincide with the UNA’s 125th anniversary.
This year, the Heritage Scholarships were the most competitive with 30 applications for the five available scholarships.
We are pleased to announce the following recipients of special scholarships for 2022-2023:
• Galandiuk Scholarship – Kyril Yurchuk, Branch 70, The Cooper Union;
• Jarosewycz Scholarship – Paul Williams, Branch 37, Wake Forest University;
• Hawrysz Scholarship – Philip Szeremeta, Branch 173, University of Colorado, Boulder;
• Stangl Scholarship – Roman Hladio, Branch 161, Allegheny College;
• Wolk Scholarship – Alexander Swiatkiwsky, Branch 360, SUNY Buffalo;
• Blackstone Scholarship – Mark Rokycky, Branch 277, University of Connecticut;
• Slevinsky Scholarship – Amanda Godfrey, Branch 142, JFK Muhlenburg;
• Demidenko Scholarship – Natalia Skyba, Branch 399, Dominican University.
UNA Heritage Scholarship recipients for 2022-2023 are:
• Nina Gillespie, Branch 399, University of Pittsburgh;
• Anna Kosachevich, Branch 269, New York University;
• Michael Kulycky, Branch 465, McGill University;
• Danylo Leschyshyn, Branch 367, University of Toronto; and
• Olena Mykhaylyshyn, Branch 42, Rider University.
Congratulations to all scholarship recipients!
It is notable that the 13 students who received these scholarships represent 12 different UNA branches and are pursuing studies at 13 different universities or colleges.
In addition to the special scholarships, the UNA gave out monetary awards to undergraduate students based on their year of academic study. Congratulations to all award recipients!
In order to apply for a UNA scholarship or award, a student must have a current UNA insurance policy with a minimum value of $5,000 (term policies excluded). The most common policies are Endowment at Age 18 and 20-Year Endowment. These policies are usually purchased for children by their parents, grandparents, or aunts, or uncles.
To learn more about the UNA’s scholarship program, readers may go to: https://unainc.org/benefits/scholarships/.
Notably, the UNA offers another option for funding higher education: the Coverdell Education Savings Account (ESA). In a Coverdell account, $2,000 per year may be deposited into an account with tax-free growth, provided that funds are withdrawn for education at any level.
For more information about UNA insurance, endowments, ESAs, annuities and IRAs, readers are advised to contact their branch secretary or the UNA directly at 800-253-9862.
Eugene Serba, MBA, serves on the UNA Corporate Board of Directors and chairs the Scholarship Committee of the UNA.