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NYMEO FEDERAL CREDIT UNION

Jun, 30, 2024 — NYMEO FEDERAL CREDIT UNION is a federal credit union headquartered in FREDERICK, MD with 4 branch locations and about $350.80 million in total assets. Opened 60 years ago in 1964, NYMEO FEDERAL CREDIT UNION has about 21,958 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 255074988
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:4 branch locations
Members:21,958
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$350,799,793
CEO/Manager:VICTORIA M JOHNSTON
Chairperson:CHARLES YANCEY

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,151,021
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 150,766,492
 Unsecured Loans 25,009,059
 Other Loans 49,029,424
 TOTAL LOANS 225,304,706
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,604,674
 Land And Building 2,766,905
 Other Fixed Assets 455,687
 NCUSIF Deposit 2,744,218
 All Other Assets 132,604
  TOTAL ASSETS 350,799,793
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 5,000,000
 Accounts Payable & Other Liabilities 3,343,317
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 83,826,864
 Regular shares 134,459,652
 All Other Shares & Deposits 95,895,734
  TOTAL SHARES & DEPOSITS 314,182,250
  TOTAL LIABILITIES 322,525,567
 Regular Reserve 0
 Other Reserves -7,197,953
 Undivided Earnings 35,472,179
  TOTAL EQUITY 28,274,226
  TOTAL LIABILITIES, SHARES, & EQUITY 350,799,793
INCOME & EXPENSE  
 Loan Income 6,789,297
 Investment Income 1,356,489
 Other Income 870,345
 Total Employee Compensation & Benefits 4,248,699
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,962,778
 Non-operating Income & (Expense) -5,362
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 52,767
 Cost of Funds 427,379
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,024,769
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