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METROPOLITAN CHURCH FEDERAL CREDIT UNION

Jun, 30, 2024 — METROPOLITAN CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in SUFFOLK, VA with 1 branch location and about $12.65 million in total assets. Opened 75 years ago in 1949, METROPOLITAN CHURCH FEDERAL CREDIT UNION has about 1,842 members and employs 7 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)
133 Tynes St
SUFFOLK, VA 23434-4624
Phone:(757) 922-8101
Fax:(757) 922-8104
Website:n/a
Branches:1 branch locations
Members:1,842
Credit Union Type:Federal Credit Union
Charter Number:5970
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$12,645,436
CEO/Manager:Ronald O Hart
Chairperson:John H Kendale

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 834,317
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,255,494
 Unsecured Loans 262,001
 Other Loans 2,847,868
 TOTAL LOANS 5,365,363
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,698
 Land And Building 896,261
 Other Fixed Assets 5,771
 NCUSIF Deposit 91,910
 All Other Assets 0
  TOTAL ASSETS 12,645,436
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 62,851
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,261,724
 Regular shares 6,730,331
 All Other Shares & Deposits 1,624,048
  TOTAL SHARES & DEPOSITS 9,616,103
  TOTAL LIABILITIES 9,678,954
 Regular Reserve 0
 Other Reserves 2,172,734
 Undivided Earnings 793,748
  TOTAL EQUITY 2,966,482
  TOTAL LIABILITIES, SHARES, & EQUITY 12,645,436
INCOME & EXPENSE  
 Loan Income 356,868
 Investment Income 20,223
 Other Income 30,301
 Total Employee Compensation & Benefits 193,099
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 222,354
 Non-operating Income & (Expense) 18,542
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,000
 Cost of Funds 9,376
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,984
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