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MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION

Mar, 31, 2021 — MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION is a federal credit union headquartered in Baltimore, MD with 2 branch locations and about $28.41 million in total assets. Opened 52 years ago in 1969, MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION has about 4,620 members and employs 11 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: 252076701
Name:MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION
Address:
(Main Office)
1631 Merritt Blvd
Baltimore, MD 21222
Phone:(410) 633-8850
Fax:(410) 633-2120
Website:http://www.mfirstcu.org
Branches:2 branch locations
Members:4,620
Credit Union Type:Federal Credit Union
Charter Number:24855
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1969
Last Audited:Mar 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$28,410,914
CEO/Manager:Byron Lassiter
Chairperson:Jerry Ernest

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,131,657
TOTAL INVESTMENTS 9,038,983
Loans Held for Sale 0
 
 Real Estate Loans 4,350,466
 Unsecured Loans 2,832,801
 Other Loans 3,997,408
 TOTAL LOANS 11,180,675
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -167,205
 Land And Building 0
 Other Fixed Assets 132,165
 NCUSIF Deposit 236,918
 All Other Assets 857,721
  TOTAL ASSETS 28,410,914
LIABILITIES & CAPITAL:  
 Dividends Payable 147
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 311,510
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,664,145
 Regular shares 21,313,961
 All Other Shares & Deposits 931,042
  TOTAL SHARES & DEPOSITS 25,909,148
  TOTAL LIABILITIES 26,220,805
 Regular Reserve 1,315,796
 Other Reserves -90,563
 Undivided Earnings 964,876
  TOTAL EQUITY 2,190,109
  TOTAL LIABILITIES, SHARES, & EQUITY 28,410,914
INCOME & EXPENSE  
 Loan Income 176,964
 Investment Income 26,737
 Other Income 62,163
 Total Employee Compensation & Benefits 107,812
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 166,590
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,000
 Cost of Funds 5,936
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,316
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