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.
| 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 |
| 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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