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MEMORIAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — MEMORIAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HOLLYWOOD, FL with 7 branch locations and about $89.52 million in total assets. Opened 50 years ago in 1971, MEMORIAL EMPLOYEES FEDERAL CREDIT UNION has about 8,972 members and employs 18 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: 267078736
Name:MEMORIAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
3501 JOHNSON STREET
HOLLYWOOD, FL 33021
Phone:(954) 265-5862
Fax:(954) 265-5857
Website:http://www.mefcu.org
Branches:7 branch locations
Members:8,972
Credit Union Type:Federal Credit Union
Charter Number:20468
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1971
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$89,523,831
CEO/Manager:George Glasser
Chairperson:William Wheatley

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,709,747
TOTAL INVESTMENTS 42,073,230
Loans Held for Sale 0
 
 Real Estate Loans 1,999,677
 Unsecured Loans 2,568,854
 Other Loans 24,270,868
 TOTAL LOANS 28,839,399
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -331,514
 Land And Building 0
 Other Fixed Assets 119,585
 NCUSIF Deposit 673,028
 All Other Assets 440,356
  TOTAL ASSETS 89,523,831
LIABILITIES & CAPITAL:  
 Dividends Payable 6,642
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,642,673
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,499,825
 Regular shares 57,191,978
 All Other Shares & Deposits 10,238,527
  TOTAL SHARES & DEPOSITS 79,930,330
  TOTAL LIABILITIES 81,579,645
 Regular Reserve 497,563
 Other Reserves -285,445
 Undivided Earnings 7,732,068
  TOTAL EQUITY 7,944,186
  TOTAL LIABILITIES, SHARES, & EQUITY 89,523,831
INCOME & EXPENSE  
 Loan Income 379,374
 Investment Income 135,784
 Other Income 133,456
 Total Employee Compensation & Benefits 290,792
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 259,268
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 15,883
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 118,254
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