Dec, 31, 2023 — METRO EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LEXINGTON, KY with 2 branch locations and about $45.05 million in total assets. Opened 84 years ago in 1940, METRO EMPLOYEES CREDIT UNION has about 4,668 members and employs 11 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 EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1306 VERSAILLES RD STE 140 LEXINGTON, KY 40504-1795 |
| Phone: | (859) 258-3990 |
| Fax: | (859) 258-3993 |
| Website: | https://www.metroemployeescu.org |
| Branches: | 2 branch locations |
| Members: | 4,668 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63058 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,048,845 |
| CEO/Manager: | Piper L Graham |
| Chairperson: | John Gosper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,988,142 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,068,290 |
| Unsecured Loans | 2,119,164 |
| Other Loans | 11,404,714 |
| TOTAL LOANS | 22,592,168 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,061 |
| Land And Building | 57,825 |
| Other Fixed Assets | 29,941 |
| NCUSIF Deposit | 389,176 |
| All Other Assets | 38,919 |
| TOTAL ASSETS | 45,048,845 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 244 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 651,807 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,748,688 |
| Regular shares | 22,382,761 |
| All Other Shares & Deposits | 9,756,503 |
| TOTAL SHARES & DEPOSITS | 38,887,952 |
| TOTAL LIABILITIES | 39,541,397 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,507,448 |
| TOTAL EQUITY | 5,507,448 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,048,845 |
| INCOME & EXPENSE | |
| Loan Income | 1,328,782 |
| Investment Income | 641,116 |
| Other Income | 398,608 |
| Total Employee Compensation & Benefits | 882,885 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,035,333 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,532 |
| Cost of Funds | 233,289 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 788,452 |
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