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MERIDIA COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2022 — MERIDIA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMBURG, NY with 3 branch locations and about $116.99 million in total assets. Opened 67 years ago in 1955, MERIDIA COMMUNITY FEDERAL CREDIT UNION has about 8,983 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MERIDIA COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
4500 Southwestern Blvd
HAMBURG, NY 14075
Phone:(716) 648-4411
Fax:(716) 648-4526
Website:http://www.meridiacu.com
Branches:3 branch locations
Members:8,983
Credit Union Type:Federal Credit Union
Charter Number:10684
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$116,994,295
CEO/Manager:Michael D Hoffman
Chairperson:Brent F Jordan

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,194,421
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 33,941,105
 Unsecured Loans 4,396,441
 Other Loans 34,990,909
 TOTAL LOANS 73,328,455
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -239,265
 Land And Building 3,233,624
 Other Fixed Assets 615,715
 NCUSIF Deposit 955,618
 All Other Assets 0
  TOTAL ASSETS 116,994,295
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,790,341
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,997,994
 Regular shares 56,351,581
 All Other Shares & Deposits 26,905,771
  TOTAL SHARES & DEPOSITS 103,255,346
  TOTAL LIABILITIES 105,045,687
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 11,948,608
  TOTAL EQUITY 11,948,608
  TOTAL LIABILITIES, SHARES, & EQUITY 116,994,295
INCOME & EXPENSE  
 Loan Income 706,531
 Investment Income 17,378
 Other Income 126,913
 Total Employee Compensation & Benefits 326,231
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 421,337
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,500
 Cost of Funds 66,927
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 239,415
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