Jun, 30, 2024 — METRO MEDICAL CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $94.29 million in total assets. Opened 59 years ago in 1965, METRO MEDICAL CREDIT UNION has about 6,460 members and employs 14 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 MEDICAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8200 Brookriver Dr Ste N110 DALLAS, TX 75247 |
| Phone: | (214) 630-0611 |
| Fax: | (214) 879-9759 |
| Website: | https://www.mmcu.com |
| Branches: | 2 branch locations |
| Members: | 6,460 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67517 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $94,294,341 |
| CEO/Manager: | Craig White |
| Chairperson: | Joe G Mayer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,594,327 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,838,184 |
| Unsecured Loans | 2,309,611 |
| Other Loans | 9,382,887 |
| TOTAL LOANS | 20,530,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -111,151 |
| Land And Building | 0 |
| Other Fixed Assets | 194,816 |
| NCUSIF Deposit | 746,278 |
| All Other Assets | 0 |
| TOTAL ASSETS | 94,294,341 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 396,388 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,026,744 |
| Regular shares | 47,616,720 |
| All Other Shares & Deposits | 11,592,397 |
| TOTAL SHARES & DEPOSITS | 82,235,861 |
| TOTAL LIABILITIES | 82,632,249 |
| Regular Reserve | 0 |
| Other Reserves | 689,792 |
| Undivided Earnings | 10,972,300 |
| TOTAL EQUITY | 11,662,092 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,294,341 |
| INCOME & EXPENSE | |
| Loan Income | 719,564 |
| Investment Income | 617,943 |
| Other Income | 606,093 |
| Total Employee Compensation & Benefits | 806,719 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 927,753 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,364 |
| Cost of Funds | 38,783 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 305,183 |
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