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.
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 |
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 |
↑ Back to Top |