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METRO FEDERAL CREDIT UNION

Mar, 31, 2021 — METRO FEDERAL CREDIT UNION is a federal credit union headquartered in Arlington Heigh, IL with 1 branch location and about $57.87 million in total assets. Opened 48 years ago in 1973, METRO FEDERAL CREDIT UNION has about 3,053 members and employs 12 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 Heigh, IL 60004-5802
Phone:(847) 670-0456
Fax:(847) 670-0401
Website:http://www.mcu.org
Branches:1 branch locations
Members:3,053
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$57,869,159
CEO/Manager:Salvatore Fragale
Chairperson:Donna Wilson

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,079,289
TOTAL INVESTMENTS 14,441,549
Loans Held for Sale 0
 
 Real Estate Loans 17,010,711
 Unsecured Loans 3,075,452
 Other Loans 11,255,831
 TOTAL LOANS 31,341,994
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -221,372
 Land And Building 1,487,419
 Other Fixed Assets 63,283
 NCUSIF Deposit 501,307
 All Other Assets 175,690
  TOTAL ASSETS 57,869,159
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 896,261
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,826,694
 Regular shares 30,650,732
 All Other Shares & Deposits 14,163,147
  TOTAL SHARES & DEPOSITS 52,640,573
  TOTAL LIABILITIES 53,536,834
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,332,325
  TOTAL EQUITY 4,332,325
  TOTAL LIABILITIES, SHARES, & EQUITY 57,869,159
INCOME & EXPENSE  
 Loan Income 352,877
 Investment Income 62,486
 Other Income 81,514
 Total Employee Compensation & Benefits 267,007
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 185,810
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,000
 Cost of Funds 10,996
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,986
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