Dec, 31, 2023 — MONEY ONE FEDERAL CREDIT UNION is a federal credit union headquartered in LARGO, MD with 1 branch location and about $121.47 million in total assets. Opened 73 years ago in 1951, MONEY ONE FEDERAL CREDIT UNION has about 8,474 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MONEY ONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9800 TECHNOLOGY WAY LARGO, MD 20774 |
| Phone: | (301) 925-4600 |
| Fax: | (301) 925-9077 |
| Website: | https://www.moneyonefcu.org |
| Branches: | 1 branch locations |
| Members: | 8,474 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7264 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $121,471,111 |
| CEO/Manager: | Beverly Zook |
| Chairperson: | Margaret D Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,762,708 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,914,462 |
| Unsecured Loans | 5,643,561 |
| Other Loans | 31,655,772 |
| TOTAL LOANS | 91,213,795 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,120,282 |
| Land And Building | 4,331,960 |
| Other Fixed Assets | 248,550 |
| NCUSIF Deposit | 871,351 |
| All Other Assets | 978,760 |
| TOTAL ASSETS | 121,471,111 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,772 |
| Notes & Interest Payable | 18,000,000 |
| Accounts Payable & Other Liabilities | 911,504 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,053,102 |
| Regular shares | 37,959,243 |
| All Other Shares & Deposits | 32,766,867 |
| TOTAL SHARES & DEPOSITS | 92,779,212 |
| TOTAL LIABILITIES | 111,722,488 |
| Regular Reserve | 0 |
| Other Reserves | -941,363 |
| Undivided Earnings | 10,689,986 |
| TOTAL EQUITY | 9,748,623 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,471,111 |
| INCOME & EXPENSE | |
| Loan Income | 4,784,849 |
| Investment Income | 486,392 |
| Other Income | 1,279,045 |
| Total Employee Compensation & Benefits | 1,887,822 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,452,366 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 281,865 |
| Cost of Funds | 1,304,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 709,783 |
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