Dec, 31, 2023 — CME FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, OH with 7 branch locations and about $447.66 million in total assets. Opened 89 years ago in 1935, CME FEDERAL CREDIT UNION has about 38,967 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CME FEDERAL CREDIT UNION |
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Address: (Main Office) | 150 E Mound St COLUMBUS, OH 43215 |
Phone: | (614) 224-8890 |
Fax: | (614) 220-4295 |
Website: | https://www.cmefcu.org |
Branches: | 7 branch locations |
Members: | 38,967 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 294 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $447,663,387 |
CEO/Manager: | Brian L Warner |
Chairperson: | Nichole Brandon |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,473,343 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 184,163,307 |
Unsecured Loans | 59,439,975 |
Other Loans | 141,199,932 |
TOTAL LOANS | 384,803,214 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,008,244 |
Land And Building | 14,679,185 |
Other Fixed Assets | 852,823 |
NCUSIF Deposit | 3,564,139 |
All Other Assets | 103,795 |
TOTAL ASSETS | 447,663,387 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,270,000 |
Accounts Payable & Other Liabilities | 2,496,810 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 62,728,571 |
Regular shares | 98,042,652 |
All Other Shares & Deposits | 241,854,667 |
TOTAL SHARES & DEPOSITS | 402,625,890 |
TOTAL LIABILITIES | 415,392,700 |
Regular Reserve | 0 |
Other Reserves | -1,638,122 |
Undivided Earnings | 33,908,809 |
TOTAL EQUITY | 32,270,687 |
TOTAL LIABILITIES, SHARES, & EQUITY | 447,663,387 |
INCOME & EXPENSE | |
Loan Income | 20,172,574 |
Investment Income | 735,896 |
Other Income | 1,766,683 |
Total Employee Compensation & Benefits | 7,079,936 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,146,477 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,073,400 |
Cost of Funds | 6,532,416 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,860,756 |
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