Sep, 30, 2025 — MECU CREDIT UNION (MECU) is a federally insured state chartered credit union headquartered in BALTIMORE, MD with 9 branch locations and about $1.24 billion in total assets. Opened 90 years ago in 1936, MECU CREDIT UNION (MECU) has about 95,236 members and employs 290 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MECU CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 South St BALTIMORE, MD 21202 |
| Phone: | (410) 752-8313 |
| Fax: | (443) 927-3804 |
| Website: | https://www.mecu.com |
| Branches: | 9 branch locations |
| Members: | 95,236 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66787 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,242,577,454 |
| CEO/Manager: | John Hamilton |
| Chairperson: | G. Louise Green |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,396,588 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 195,360 |
| Real Estate Loans | 411,673,752 |
| Unsecured Loans | 78,811,283 |
| Other Loans | 312,964,706 |
| TOTAL LOANS | 803,449,741 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,240,051 |
| Land And Building | 2,017,038 |
| Other Fixed Assets | 12,291,124 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,675,477 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,242,577,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,735 |
| Notes & Interest Payable | 44,000,000 |
| Accounts Payable & Other Liabilities | 24,262,534 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 199,014,586 |
| Regular shares | 457,759,780 |
| All Other Shares & Deposits | 378,401,407 |
| TOTAL SHARES & DEPOSITS | 1,035,175,773 |
| TOTAL LIABILITIES | 1,103,440,042 |
| Regular Reserve | 0 |
| Other Reserves | -20,386,901 |
| Undivided Earnings | 159,524,313 |
| TOTAL EQUITY | 139,137,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,242,577,454 |
| INCOME & EXPENSE | |
| Loan Income | 36,902,526 |
| Investment Income | 7,369,723 |
| Other Income | 6,774,705 |
| Total Employee Compensation & Benefits | 20,773,644 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,975,252 |
| Non-operating Income & (Expense) | 859,524 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,397,302 |
| Cost of Funds | 10,405,232 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,409,932 |
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