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METROPOLITAN ""L"" FEDERAL CREDIT UNION

Mar, 31, 2021 — METROPOLITAN ""L"" FEDERAL CREDIT UNION is a federal credit union headquartered in Oak Park, IL with 1 branch location and about $8.89 million in total assets. Opened 84 years ago in 1937, METROPOLITAN ""L"" FEDERAL CREDIT UNION has about 1,678 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
Oak Park, IL 60304
Phone:(708) 386-9272
Fax:(708) 386-9088
Website:http://www.metlfcu.com
Branches:1 branch locations
Members:1,678
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,892,431
CEO/Manager:Mary J Worth
Chairperson:Edwin Mahan

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 869,646
TOTAL INVESTMENTS 6,063,869
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 684,887
 Other Loans 1,171,633
 TOTAL LOANS 1,856,520
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,106
 Land And Building 12,500
 Other Fixed Assets 42,719
 NCUSIF Deposit 63,520
 All Other Assets 27,763
  TOTAL ASSETS 8,892,431
LIABILITIES & CAPITAL:  
 Dividends Payable 5,613
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,956
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 957,522
 Regular shares 4,913,946
 All Other Shares & Deposits 1,577,985
  TOTAL SHARES & DEPOSITS 7,449,453
  TOTAL LIABILITIES 7,470,022
 Regular Reserve 229,759
 Other Reserves 0
 Undivided Earnings 1,192,650
  TOTAL EQUITY 1,422,409
  TOTAL LIABILITIES, SHARES, & EQUITY 8,892,431
INCOME & EXPENSE  
 Loan Income 54,905
 Investment Income 21,418
 Other Income 8,335
 Total Employee Compensation & Benefits 39,488
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,360
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,273
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,292
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