Dec, 31, 2023 — METRO CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MO with 2 branch locations and about $107.24 million in total assets. Opened 89 years ago in 1935, METRO CREDIT UNION has about 9,522 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METRO CREDIT UNION |
|---|---|
| Address: (Main Office) | 447 S Campbell Ave SPRINGFIELD, MO 65806-2009 |
| Phone: | (417) 869-9654 |
| Fax: | (417) 869-4719 |
| Website: | https://www.metro.coop |
| Branches: | 2 branch locations |
| Members: | 9,522 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61840 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $107,241,888 |
| CEO/Manager: | Kevin D Stubblefield |
| Chairperson: | David O'Dell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,575,717 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,816,932 |
| Unsecured Loans | 3,887,321 |
| Other Loans | 53,073,422 |
| TOTAL LOANS | 73,777,675 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -432,987 |
| Land And Building | 2,052,403 |
| Other Fixed Assets | 121,482 |
| NCUSIF Deposit | 972,407 |
| All Other Assets | 106,075 |
| TOTAL ASSETS | 107,241,888 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,683 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 358,683 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,440,688 |
| Regular shares | 42,548,927 |
| All Other Shares & Deposits | 38,587,703 |
| TOTAL SHARES & DEPOSITS | 94,577,317 |
| TOTAL LIABILITIES | 94,938,683 |
| Regular Reserve | 0 |
| Other Reserves | 6,726,421 |
| Undivided Earnings | 5,576,784 |
| TOTAL EQUITY | 12,303,205 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 107,241,888 |
| INCOME & EXPENSE | |
| Loan Income | 4,234,258 |
| Investment Income | 716,590 |
| Other Income | 337,586 |
| Total Employee Compensation & Benefits | 2,003,731 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,680,230 |
| Non-operating Income & (Expense) | -26,941 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 606,846 |
| Cost of Funds | 916,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 684,697 |
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