Dec, 31, 2023 — NYMEO FEDERAL CREDIT UNION is a federal credit union headquartered in FREDERICK, MD with 4 branch locations and about $357.29 million in total assets. Opened 60 years ago in 1964, NYMEO FEDERAL CREDIT UNION has about 21,689 members and employs 84 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: | 4 branch locations |
| Members: | 21,689 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $357,294,042 |
| CEO/Manager: | VICTORIA M JOHNSTON |
| Chairperson: | CHARLES YANCEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,648,517 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 165,524,275 |
| Unsecured Loans | 29,892,778 |
| Other Loans | 44,136,962 |
| TOTAL LOANS | 240,028,551 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,822,540 |
| Land And Building | 2,671,833 |
| Other Fixed Assets | 1,081,399 |
| NCUSIF Deposit | 2,964,712 |
| All Other Assets | 148,772 |
| TOTAL ASSETS | 357,294,042 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 4,980,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 79,264,427 |
| Regular shares | 119,738,816 |
| All Other Shares & Deposits | 115,889,075 |
| TOTAL SHARES & DEPOSITS | 314,892,318 |
| TOTAL LIABILITIES | 324,872,352 |
| Regular Reserve | 0 |
| Other Reserves | -6,367,917 |
| Undivided Earnings | 38,789,607 |
| TOTAL EQUITY | 32,421,690 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 357,294,042 |
| INCOME & EXPENSE | |
| Loan Income | 12,623,278 |
| Investment Income | 3,469,461 |
| Other Income | 1,249,180 |
| Total Employee Compensation & Benefits | 6,081,309 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,740,965 |
| Non-operating Income & (Expense) | 74,518 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 807,515 |
| Cost of Funds | 2,554,468 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,884,389 |
| ↑ Back to Top | |