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METRO FEDERAL CREDIT UNION

Jun, 30, 2021 — METRO FEDERAL CREDIT UNION is a federal credit union headquartered in Arlington Heigh, IL with 1 branch location and about $59.38 million in total assets. Opened 48 years ago in 1973, METRO FEDERAL CREDIT UNION has about 3,095 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 Heigh, IL 60004-5802
Phone:(847) 670-0456
Fax:(847) 670-0401
Website:http://www.mcu.org
Branches:1 branch locations
Members:3,095
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:$59,377,746
CEO/Manager:Salvatore Fragale
Chairperson:Donna Wilson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,001,595
TOTAL INVESTMENTS 14,856,943
Loans Held for Sale 0
 
 Real Estate Loans 18,580,790
 Unsecured Loans 2,956,808
 Other Loans 11,859,272
 TOTAL LOANS 33,396,870
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -234,432
 Land And Building 1,474,805
 Other Fixed Assets 60,139
 NCUSIF Deposit 501,307
 All Other Assets 320,519
  TOTAL ASSETS 59,377,746
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 897,662
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,109,535
 Regular shares 31,126,308
 All Other Shares & Deposits 14,662,023
  TOTAL SHARES & DEPOSITS 53,897,866
  TOTAL LIABILITIES 54,795,528
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,582,218
  TOTAL EQUITY 4,582,218
  TOTAL LIABILITIES, SHARES, & EQUITY 59,377,746
INCOME & EXPENSE  
 Loan Income 707,440
 Investment Income 118,505
 Other Income 171,617
 Total Employee Compensation & Benefits 576,949
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 383,462
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 36,000
 Cost of Funds 20,577
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 289,878
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