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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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