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CHARLOTTE METRO FEDERAL CREDIT UNION

Dec, 31, 2022 — CHARLOTTE METRO FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 17 branch locations and about $1.12 billion in total assets. Opened 61 years ago in 1962, CHARLOTTE METRO FEDERAL CREDIT UNION has about 93,870 members and employs 250 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: 253075028
Name:CHARLOTTE METRO FEDERAL CREDIT UNION
Address:
(Main Office)
718 Central Ave
CHARLOTTE, NC 28204
Phone:(704) 375-0183
Fax:(704) 376-2716
Website:https://www.skylacu.com
Branches:17 branch locations
Members:93,870
Credit Union Type:Federal Credit Union
Charter Number:24808
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1962
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,117,424,651
CEO/Manager:Eric Gelly
Chairperson:Bruce Bellamy

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 109,834,972
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 550,426,251
 Unsecured Loans 71,648,615
 Other Loans 274,685,513
 TOTAL LOANS 899,819,709
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,594,573
 Land And Building 39,607,306
 Other Fixed Assets 2,467,299
 NCUSIF Deposit 8,681,012
 All Other Assets 0
  TOTAL ASSETS 1,117,424,651
LIABILITIES & CAPITAL:  
 Dividends Payable 66,005
 Notes & Interest Payable 30,000,000
 Accounts Payable & Other Liabilities 15,813,111
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 585,124,168
 Regular shares 2,606,608
 All Other Shares & Deposits 368,348,736
  TOTAL SHARES & DEPOSITS 956,079,512
  TOTAL LIABILITIES 1,001,958,628
 Regular Reserve 0
 Other Reserves 30,614,372
 Undivided Earnings 84,851,651
  TOTAL EQUITY 115,466,023
  TOTAL LIABILITIES, SHARES, & EQUITY 1,117,424,651
INCOME & EXPENSE  
 Loan Income 24,700,066
 Investment Income 1,170,798
 Other Income 9,759,713
 Total Employee Compensation & Benefits 18,937,834
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,663,139
 Non-operating Income & (Expense) -76,818
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,495,000
 Cost of Funds 2,156,463
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,143,433
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