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MERIDIA COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — MERIDIA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMBURG, NY with 3 branch locations and about $106.05 million in total assets. Opened 66 years ago in 1955, MERIDIA COMMUNITY FEDERAL CREDIT UNION has about 8,688 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:8,688
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$106,047,735
CEO/Manager:Michael D Hoffman
Chairperson:Brent F Jordan

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • In-School Branches
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,609,670
TOTAL INVESTMENTS 750,315
Loans Held for Sale 0
 
 Real Estate Loans 31,180,391
 Unsecured Loans 4,084,256
 Other Loans 32,258,011
 TOTAL LOANS 67,522,658
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -277,375
 Land And Building 3,341,204
 Other Fixed Assets 741,709
 NCUSIF Deposit 826,453
 All Other Assets 1,533,101
  TOTAL ASSETS 106,047,735
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,267,294
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,001,549
 Regular shares 50,617,442
 All Other Shares & Deposits 24,134,548
  TOTAL SHARES & DEPOSITS 93,753,539
  TOTAL LIABILITIES 95,020,833
 Regular Reserve 452,593
 Other Reserves 0
 Undivided Earnings 10,574,309
  TOTAL EQUITY 11,026,902
  TOTAL LIABILITIES, SHARES, & EQUITY 106,047,735
INCOME & EXPENSE  
 Loan Income 683,466
 Investment Income 5,318
 Other Income 94,596
 Total Employee Compensation & Benefits 260,180
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 389,371
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,000
 Cost of Funds 67,602
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 171,099
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