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CHARLOTTE METRO FEDERAL CREDIT UNION

Mar, 31, 2022 — CHARLOTTE METRO FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 18 branch locations and about $1.10 billion in total assets. Opened 60 years ago in 1962, CHARLOTTE METRO FEDERAL CREDIT UNION has about 92,707 members and employs 253 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:http://www.cmcu.org
Branches:18 branch locations
Members:92,707
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:$1,102,015,359
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 219,275,514
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 477,015,693
 Unsecured Loans 62,148,464
 Other Loans 230,720,273
 TOTAL LOANS 771,559,308
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,630,567
 Land And Building 35,461,288
 Other Fixed Assets 2,277,853
 NCUSIF Deposit 8,470,329
 All Other Assets 0
  TOTAL ASSETS 1,102,015,359
LIABILITIES & CAPITAL:  
 Dividends Payable 68,345
 Notes & Interest Payable 10,000,000
 Accounts Payable & Other Liabilities 10,756,362
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 583,631,123
 Regular shares 1,788,328
 All Other Shares & Deposits 385,750,760
  TOTAL SHARES & DEPOSITS 971,170,211
  TOTAL LIABILITIES 991,994,918
 Regular Reserve 0
 Other Reserves 30,640,582
 Undivided Earnings 79,379,859
  TOTAL EQUITY 110,020,441
  TOTAL LIABILITIES, SHARES, & EQUITY 1,102,015,359
INCOME & EXPENSE  
 Loan Income 7,423,253
 Investment Income 200,268
 Other Income 2,958,222
 Total Employee Compensation & Benefits 6,411,187
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,970,139
 Non-operating Income & (Expense) -40,717
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 134,000
 Cost of Funds 624,100
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,671,640
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