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METROPOLITAN ""L"" FEDERAL CREDIT UNION

Dec, 31, 2021 — METROPOLITAN ""L"" FEDERAL CREDIT UNION is a federal credit union headquartered in OAK PARK, IL with 1 branch location and about $9.23 million in total assets. Opened 85 years ago in 1937, METROPOLITAN ""L"" FEDERAL CREDIT UNION has about 1,706 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:http://www.metlfcu.com
Branches:1 branch locations
Members:1,706
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:$9,229,925
CEO/Manager:Mary J Worth
Chairperson:Edwin Mahan

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 403,083
TOTAL INVESTMENTS 6,642,312
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 741,824
 Other Loans 1,306,475
 TOTAL LOANS 2,048,299
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,049
 Land And Building 27,701
 Other Fixed Assets 28,864
 NCUSIF Deposit 73,335
 All Other Assets 33,380
  TOTAL ASSETS 9,229,925
LIABILITIES & CAPITAL:  
 Dividends Payable 4,086
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,978
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,046,523
 Regular shares 5,072,935
 All Other Shares & Deposits 1,638,358
  TOTAL SHARES & DEPOSITS 7,757,816
  TOTAL LIABILITIES 7,784,880
 Regular Reserve 229,759
 Other Reserves 0
 Undivided Earnings 1,215,286
  TOTAL EQUITY 1,445,045
  TOTAL LIABILITIES, SHARES, & EQUITY 9,229,925
INCOME & EXPENSE  
 Loan Income 210,171
 Investment Income 103,045
 Other Income 74,021
 Total Employee Compensation & Benefits 149,463
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 185,259
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,500
 Cost of Funds 20,087
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,928
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