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National Credit Union Service Organization

METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION

Sep, 30, 2022 — METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HARTFORD, CT with 1 branch location and about $30.44 million in total assets. Opened 68 years ago in 1955, METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION has about 1,860 members and employs 5 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 DISTRICT EMPLOYEES CREDIT UNION
Address:
(Main Office)
250 MURPHY RD
HARTFORD, CT 06114
Phone:(860) 560-9036
Fax:(860) 560-9036
Website:https://www.mdecu.org
Branches:1 branch locations
Members:1,860
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65817
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$30,436,462
CEO/Manager:Karen L Viets
Chairperson:Robert Facey

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 277,219
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,268,377
 Unsecured Loans 1,512,229
 Other Loans 4,303,975
 TOTAL LOANS 16,084,581
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -74,835
 Land And Building 1,010,355
 Other Fixed Assets 90,241
 NCUSIF Deposit 233,374
 All Other Assets 0
  TOTAL ASSETS 30,436,462
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 540,610
 Accounts Payable & Other Liabilities 85,240
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,376,914
 Regular shares 14,761,476
 All Other Shares & Deposits 9,010,488
  TOTAL SHARES & DEPOSITS 26,148,878
  TOTAL LIABILITIES 26,774,728
 Regular Reserve 0
 Other Reserves 706,557
 Undivided Earnings 2,955,177
  TOTAL EQUITY 3,661,734
  TOTAL LIABILITIES, SHARES, & EQUITY 30,436,462
INCOME & EXPENSE  
 Loan Income 481,611
 Investment Income 91,045
 Other Income 51,814
 Total Employee Compensation & Benefits 288,817
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 319,077
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 45,453
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 107,580
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