Dec, 31, 2023 — METREX FEDERAL CREDIT UNION is a federal credit union headquartered in KENILWORTH, NJ with 1 branch location and about $4.03 million in total assets. Opened 63 years ago in 1961, METREX FEDERAL CREDIT UNION has about 465 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METREX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5 Red Maple Ln KENILWORTH, NJ 07033 |
| Phone: | (908) 241-6976 |
| Fax: | (908) 298-9591 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 465 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14172 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,029,371 |
| CEO/Manager: | Christine Dilts |
| Chairperson: | Melody Morinho |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 327,559 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 576,613 |
| Other Loans | 1,776,739 |
| TOTAL LOANS | 2,353,352 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,186 |
| Land And Building | 0 |
| Other Fixed Assets | 699 |
| NCUSIF Deposit | 32,548 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,029,371 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,402 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,806,351 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,806,351 |
| TOTAL LIABILITIES | 2,810,753 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,218,618 |
| TOTAL EQUITY | 1,218,618 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,029,371 |
| INCOME & EXPENSE | |
| Loan Income | 119,724 |
| Investment Income | 65,547 |
| Other Income | 1,230 |
| Total Employee Compensation & Benefits | 86,917 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 52,639 |
| Non-operating Income & (Expense) | 4,909 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,499 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,355 |
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