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National Credit Union Service Organization

METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION

Mar, 31, 2022 — METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HARTFORD, CT with 1 branch location and about $30.35 million in total assets. Opened 67 years ago in 1955, METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION has about 1,841 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:http://www.mdecu.org
Branches:1 branch locations
Members:1,841
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$30,353,883
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 1,385,679
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,587,804
 Unsecured Loans 1,334,886
 Other Loans 3,774,821
 TOTAL LOANS 14,697,511
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,875
 Land And Building 982,928
 Other Fixed Assets 114,805
 NCUSIF Deposit 224,157
 All Other Assets 0
  TOTAL ASSETS 30,353,883
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 61,316
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,993,118
 Regular shares 14,679,387
 All Other Shares & Deposits 9,026,467
  TOTAL SHARES & DEPOSITS 26,698,972
  TOTAL LIABILITIES 26,760,288
 Regular Reserve 0
 Other Reserves 706,557
 Undivided Earnings 2,887,038
  TOTAL EQUITY 3,593,595
  TOTAL LIABILITIES, SHARES, & EQUITY 30,353,883
INCOME & EXPENSE  
 Loan Income 146,032
 Investment Income 32,826
 Other Income 15,619
 Total Employee Compensation & Benefits 94,135
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 104,595
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,618
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,440
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