Jun, 30, 2024 — 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 70 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 |
| 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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