Sep, 30, 2025 — GREATER METRO FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 2 branch locations and about $77.69 million in total assets. Opened 56 years ago in 1970, GREATER METRO FEDERAL CREDIT UNION has about 3,824 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER METRO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3110 37th Ave LONG ISLAND CITY, NY 11101-2128 |
| Phone: | (718) 361-1002 |
| Fax: | (718) 361-1775 |
| Website: | https://www.greatermetrofcu.org |
| Branches: | 2 branch locations |
| Members: | 3,824 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20382 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $77,691,151 |
| CEO/Manager: | Keith Kurman |
| Chairperson: | Robert G Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 365,339 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,981,606 |
| Unsecured Loans | 3,506,594 |
| Other Loans | 5,154,098 |
| TOTAL LOANS | 20,642,298 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,133 |
| Land And Building | 0 |
| Other Fixed Assets | 16,676 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 653,596 |
| All Other Assets | 776,154 |
| TOTAL ASSETS | 77,691,151 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 348,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,908,222 |
| Regular shares | 26,638,427 |
| All Other Shares & Deposits | 21,567,492 |
| TOTAL SHARES & DEPOSITS | 69,114,141 |
| TOTAL LIABILITIES | 69,462,445 |
| Regular Reserve | 0 |
| Other Reserves | 770,055 |
| Undivided Earnings | 7,458,651 |
| TOTAL EQUITY | 8,228,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 77,691,151 |
| INCOME & EXPENSE | |
| Loan Income | 908,654 |
| Investment Income | 903,812 |
| Other Income | 218,422 |
| Total Employee Compensation & Benefits | 639,858 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 815,423 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,000 |
| Cost of Funds | 461,783 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 93,441 |
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