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MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION

Mar, 31, 2022 — MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 2 branch locations and about $27.07 million in total assets. Opened 53 years ago in 1969, MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION has about 2,859 members and employs 10 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:2,859
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$27,067,553
CEO/Manager:Byron Lassiter
Chairperson:Jerry Ernest

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,843,232
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,714,732
 Unsecured Loans 1,851,294
 Other Loans 3,188,303
 TOTAL LOANS 8,754,329
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -334,758
 Land And Building 0
 Other Fixed Assets 123,774
 NCUSIF Deposit 255,000
 All Other Assets 0
  TOTAL ASSETS 27,067,553
LIABILITIES & CAPITAL:  
 Dividends Payable 141
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 347,216
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,355,315
 Regular shares 20,705,880
 All Other Shares & Deposits 987,214
  TOTAL SHARES & DEPOSITS 25,048,409
  TOTAL LIABILITIES 25,395,766
 Regular Reserve 0
 Other Reserves 1,163,699
 Undivided Earnings 508,088
  TOTAL EQUITY 1,671,787
  TOTAL LIABILITIES, SHARES, & EQUITY 27,067,553
INCOME & EXPENSE  
 Loan Income 187,305
 Investment Income 15,365
 Other Income 64,615
 Total Employee Compensation & Benefits 131,080
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 171,176
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,278
 Cost of Funds 5,685
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -43,792
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