Dec, 31, 2023 — METRO REALTORS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST BABYLON, NY with 0 branch location and about $14.98 million in total assets. Opened 52 years ago in 1972, METRO REALTORS FEDERAL CREDIT UNION has about 1,918 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METRO REALTORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 346 Sunrise Hwy WEST BABYLON, NY 11704 |
| Phone: | (833) 676-3876 |
| Fax: | (631) 482-1891 |
| Website: | https://www.mrfcu.com |
| Branches: | 0 branch locations |
| Members: | 1,918 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20857 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,984,884 |
| CEO/Manager: | Luisa Harman |
| Chairperson: | Moses Seuram |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 825,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,821,674 |
| Unsecured Loans | 948,809 |
| Other Loans | 6,816,723 |
| TOTAL LOANS | 13,587,206 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,462 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 120,975 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,984,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,738 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,981 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 936,546 |
| Regular shares | 6,405,339 |
| All Other Shares & Deposits | 6,243,372 |
| TOTAL SHARES & DEPOSITS | 13,585,257 |
| TOTAL LIABILITIES | 13,611,976 |
| Regular Reserve | 0 |
| Other Reserves | 321,496 |
| Undivided Earnings | 1,051,412 |
| TOTAL EQUITY | 1,372,908 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,984,884 |
| INCOME & EXPENSE | |
| Loan Income | 600,385 |
| Investment Income | 78,515 |
| Other Income | 53,043 |
| Total Employee Compensation & Benefits | 376,325 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 232,044 |
| Non-operating Income & (Expense) | 21,745 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,588 |
| Cost of Funds | 177,643 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -116,912 |
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