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 | |