Sep, 30, 2025 — NYMEO FEDERAL CREDIT UNION is a federal credit union headquartered in FREDERICK, MD with 3 branch locations and about $389.85 million in total assets. Opened 62 years ago in 1964, NYMEO FEDERAL CREDIT UNION has about 21,166 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NYMEO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5210 Chairmans Ct FREDERICK, MD 21703 |
| Phone: | (855) 436-4100 |
| Fax: | (240) 436-4138 |
| Website: | https://www.nymeo.org |
| Branches: | 3 branch locations |
| Members: | 21,166 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16408 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $389,846,172 |
| CEO/Manager: | VICTORIA M JOHNSTON |
| Chairperson: | CHARLES YANCEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,694,587 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 16,402,421 |
| Real Estate Loans | 205,272,797 |
| Unsecured Loans | 32,337,386 |
| Other Loans | 38,440,931 |
| TOTAL LOANS | 276,309,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,339,080 |
| Land And Building | 2,527,023 |
| Other Fixed Assets | 618,414 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,882,599 |
| All Other Assets | 0 |
| TOTAL ASSETS | 389,846,172 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 562 |
| Notes & Interest Payable | 16,000,000 |
| Accounts Payable & Other Liabilities | 3,830,334 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 78,920,018 |
| Regular shares | 117,736,117 |
| All Other Shares & Deposits | 134,253,338 |
| TOTAL SHARES & DEPOSITS | 330,909,473 |
| TOTAL LIABILITIES | 350,740,369 |
| Regular Reserve | 0 |
| Other Reserves | -3,554,182 |
| Undivided Earnings | 42,659,985 |
| TOTAL EQUITY | 39,105,803 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 389,846,172 |
| INCOME & EXPENSE | |
| Loan Income | 12,434,026 |
| Investment Income | 2,019,263 |
| Other Income | 824,041 |
| Total Employee Compensation & Benefits | 5,196,287 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,322,186 |
| Non-operating Income & (Expense) | 7,741 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,099,415 |
| Cost of Funds | 3,118,621 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,856,924 |
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