Dec, 31, 2023 — GREATER METRO FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 2 branch locations and about $86.24 million in total assets. Opened 54 years ago in 1970, GREATER METRO FEDERAL CREDIT UNION has about 4,041 members and employs 11 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 |
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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: | 4,041 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20382 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $86,243,083 |
CEO/Manager: | Peter S Nalaskowski |
Chairperson: | Robert G Morrison |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,330,024 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,114,827 |
Unsecured Loans | 3,925,576 |
Other Loans | 10,018,232 |
TOTAL LOANS | 27,058,636 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,148,398 |
Land And Building | 0 |
Other Fixed Assets | 19,314 |
NCUSIF Deposit | 711,049 |
All Other Assets | 0 |
TOTAL ASSETS | 86,243,083 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 568,042 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,407,023 |
Regular shares | 27,832,444 |
All Other Shares & Deposits | 27,338,140 |
TOTAL SHARES & DEPOSITS | 77,577,607 |
TOTAL LIABILITIES | 78,145,649 |
Regular Reserve | 0 |
Other Reserves | 537,031 |
Undivided Earnings | 7,560,403 |
TOTAL EQUITY | 8,097,434 |
TOTAL LIABILITIES, SHARES, & EQUITY | 86,243,083 |
INCOME & EXPENSE | |
Loan Income | 1,158,181 |
Investment Income | 973,120 |
Other Income | 349,672 |
Total Employee Compensation & Benefits | 911,844 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,070,942 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
Cost of Funds | 695,447 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -187,796 |
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» See also Statement of Financial Condition