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METROPOLITAN CHURCH FEDERAL CREDIT UNION

Mar, 31, 2021 — METROPOLITAN CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in SUFFOLK, VA with 1 branch location and about $11.77 million in total assets. Opened 72 years ago in 1949, METROPOLITAN CHURCH FEDERAL CREDIT UNION has about 1,877 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:METROPOLITAN CHURCH FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 1738
SUFFOLK, VA 23439-1738
Phone:(757) 922-8101
Fax:(757) 922-8104
Website:n/a
Branches:1 branch locations
Members:1,877
Credit Union Type:Federal Credit Union
Charter Number:5970
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1949
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$11,771,421
CEO/Manager:Ronald O Hart
Chairperson:Calvin Holland

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,813,404
TOTAL INVESTMENTS 3,034,312
Loans Held for Sale 0
 
 Real Estate Loans 2,063,090
 Unsecured Loans 229,434
 Other Loans 2,588,015
 TOTAL LOANS 4,880,539
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,015
 Land And Building 931,978
 Other Fixed Assets 14,989
 NCUSIF Deposit 66,537
 All Other Assets 66,677
  TOTAL ASSETS 11,771,421
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 48,665
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,007,942
 Regular shares 5,775,986
 All Other Shares & Deposits 1,973,554
  TOTAL SHARES & DEPOSITS 8,757,482
  TOTAL LIABILITIES 8,806,147
 Regular Reserve 172,734
 Other Reserves 2,000,000
 Undivided Earnings 792,540
  TOTAL EQUITY 2,965,274
  TOTAL LIABILITIES, SHARES, & EQUITY 11,771,421
INCOME & EXPENSE  
 Loan Income 111,615
 Investment Income 2,438
 Other Income 10,227
 Total Employee Compensation & Benefits 67,475
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,238
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,806
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,319
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