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.
Name: | NYMEO FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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