Jun, 30, 2024 — METROPOLITAN ""L"" FEDERAL CREDIT UNION is a federal credit union headquartered in OAK PARK, IL with 1 branch location and about $9.36 million in total assets. Opened 88 years ago in 1937, METROPOLITAN ""L"" FEDERAL CREDIT UNION has about 1,729 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METROPOLITAN ""L"" FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 949 S Ridgeland Ave OAK PARK, IL 60304-2113 |
| Phone: | (708) 386-9272 |
| Fax: | (708) 386-9088 |
| Website: | https://www.metlfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,729 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2370 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,358,219 |
| CEO/Manager: | Edwin Mahan |
| Chairperson: | Thomas E Lofgren |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 460,413 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 800,756 |
| Other Loans | 1,295,287 |
| TOTAL LOANS | 2,096,043 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,546 |
| Land And Building | 31,646 |
| Other Fixed Assets | 40,292 |
| NCUSIF Deposit | 77,578 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,358,219 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,230 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,132 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,013,034 |
| Regular shares | 5,195,197 |
| All Other Shares & Deposits | 1,692,061 |
| TOTAL SHARES & DEPOSITS | 7,900,292 |
| TOTAL LIABILITIES | 7,929,654 |
| Regular Reserve | 0 |
| Other Reserves | 229,759 |
| Undivided Earnings | 1,198,806 |
| TOTAL EQUITY | 1,428,565 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,358,219 |
| INCOME & EXPENSE | |
| Loan Income | 170,146 |
| Investment Income | 38,702 |
| Other Income | 29,281 |
| Total Employee Compensation & Benefits | 124,881 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 142,098 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,225 |
| Cost of Funds | 10,174 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,480 |
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