Dec, 31, 2023 — METRO CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 7 branch locations and about $566.06 million in total assets. Opened 73 years ago in 1951, METRO CREDIT UNION has about 44,015 members and employs 116 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | METRO CREDIT UNION |
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Address: (Main Office) | 14517 F St Ste 211 OMAHA, NE 68137-1001 |
Phone: | (402) 551-3052 |
Fax: | (402) 551-8359 |
Website: | https://www.metrofcu.org |
Branches: | 7 branch locations |
Members: | 44,015 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7091 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $566,057,657 |
CEO/Manager: | Michael P McDermott |
Chairperson: | John White |
ASSETS: | $ Amount |
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Cash & Equivalents | 174,664,962 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 154,843,764 |
Unsecured Loans | 32,209,455 |
Other Loans | 143,721,742 |
TOTAL LOANS | 330,774,961 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,195,017 |
Land And Building | 7,349,587 |
Other Fixed Assets | 3,545,296 |
NCUSIF Deposit | 4,380,094 |
All Other Assets | 4,700 |
TOTAL ASSETS | 566,057,657 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,873,573 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 99,727,787 |
Regular shares | 123,471,182 |
All Other Shares & Deposits | 265,754,052 |
TOTAL SHARES & DEPOSITS | 488,953,023 |
TOTAL LIABILITIES | 501,826,596 |
Regular Reserve | 0 |
Other Reserves | -2,244,166 |
Undivided Earnings | 66,475,227 |
TOTAL EQUITY | 64,231,061 |
TOTAL LIABILITIES, SHARES, & EQUITY | 566,057,657 |
INCOME & EXPENSE | |
Loan Income | 17,381,051 |
Investment Income | 8,622,071 |
Other Income | 6,685,117 |
Total Employee Compensation & Benefits | 11,988,660 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,868,904 |
Non-operating Income & (Expense) | 3,659,986 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,340,000 |
Cost of Funds | 7,094,220 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,020,103 |
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