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METRO FEDERAL CREDIT UNION

Jun, 30, 2023 — METRO FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON HEIGHTS, IL with 1 branch location and about $66.05 million in total assets. Opened 51 years ago in 1973, METRO FEDERAL CREDIT UNION has about 3,194 members and employs 15 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: 271975401
Name:METRO FEDERAL CREDIT UNION
Address:
(Main Office)
2440 E Rand Rd
ARLINGTON HEIGHTS, IL 60004-5802
Phone:(847) 670-0456
Fax:(847) 670-0401
Website:https://www.mcu.org
Branches:1 branch locations
Members:3,194
Credit Union Type:Federal Credit Union
Charter Number:21326
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1973
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$66,047,013
CEO/Manager:Salvatore Fragale
Chairperson:Donna Wilson

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,877,043
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 19,129,489
 Unsecured Loans 3,274,280
 Other Loans 14,526,903
 TOTAL LOANS 36,930,672
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -317,682
 Land And Building 1,413,489
 Other Fixed Assets 51,240
 NCUSIF Deposit 568,237
 All Other Assets 0
  TOTAL ASSETS 66,047,013
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 820,914
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,637,816
 Regular shares 34,377,211
 All Other Shares & Deposits 16,235,453
  TOTAL SHARES & DEPOSITS 60,250,480
  TOTAL LIABILITIES 61,071,394
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,975,619
  TOTAL EQUITY 4,975,619
  TOTAL LIABILITIES, SHARES, & EQUITY 66,047,013
INCOME & EXPENSE  
 Loan Income 1,156,071
 Investment Income 255,442
 Other Income 254,541
 Total Employee Compensation & Benefits 568,771
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 622,924
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 45,000
 Cost of Funds 29,465
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 269,856
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