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METRO FEDERAL CREDIT UNION

Dec, 31, 2021 — METRO FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON HEIGHTS, IL with 1 branch location and about $63.15 million in total assets. Opened 49 years ago in 1973, METRO FEDERAL CREDIT UNION has about 3,123 members and employs 13 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:http://www.mcu.org
Branches:1 branch locations
Members:3,123
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$63,146,525
CEO/Manager:Salvatore Fragale
Chairperson:Donna Wilson

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,124,040
TOTAL INVESTMENTS 18,488,505
Loans Held for Sale 0
 
 Real Estate Loans 18,277,880
 Unsecured Loans 3,158,721
 Other Loans 11,992,155
 TOTAL LOANS 33,428,756
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -250,793
 Land And Building 1,449,983
 Other Fixed Assets 56,285
 NCUSIF Deposit 534,936
 All Other Assets 314,813
  TOTAL ASSETS 63,146,525
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 994,049
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,153,974
 Regular shares 32,921,392
 All Other Shares & Deposits 15,371,346
  TOTAL SHARES & DEPOSITS 57,446,712
  TOTAL LIABILITIES 58,440,761
 Regular Reserve 790,838
 Other Reserves 0
 Undivided Earnings 3,914,926
  TOTAL EQUITY 4,705,764
  TOTAL LIABILITIES, SHARES, & EQUITY 63,146,525
INCOME & EXPENSE  
 Loan Income 1,460,595
 Investment Income 247,237
 Other Income 345,648
 Total Employee Compensation & Benefits 1,105,462
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 798,129
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 72,000
 Cost of Funds 39,534
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 413,424
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