Dec, 31, 2023 — METROPOLITAN TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $2.62 million in total assets. Opened 67 years ago in 1957, METROPOLITAN TEACHERS CREDIT UNION has about 1,765 members and employs 3 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 TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1605 Jefferson St NASHVILLE, TN 37208-2902 |
| Phone: | (615) 321-4622 |
| Fax: | (615) 321-4632 |
| Website: | https://metrotcu.org |
| Branches: | 1 branch locations |
| Members: | 1,765 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68135 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,623,671 |
| CEO/Manager: | BEVERLY B BARTON |
| Chairperson: | Samuel E Kirk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 721,359 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,577 |
| Unsecured Loans | 368,858 |
| Other Loans | 642,977 |
| TOTAL LOANS | 1,016,412 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,582 |
| Land And Building | 229,628 |
| Other Fixed Assets | 21,927 |
| NCUSIF Deposit | 25,209 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,623,671 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 591 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 117,972 |
| Regular shares | 1,406,766 |
| All Other Shares & Deposits | 798,432 |
| TOTAL SHARES & DEPOSITS | 2,323,170 |
| TOTAL LIABILITIES | 2,323,761 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 299,910 |
| TOTAL EQUITY | 299,910 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,623,671 |
| INCOME & EXPENSE | |
| Loan Income | 78,695 |
| Investment Income | 46,072 |
| Other Income | 12,422 |
| Total Employee Compensation & Benefits | 33,615 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 212,357 |
| Non-operating Income & (Expense) | 50,169 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,652 |
| Cost of Funds | 24,968 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -89,234 |
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» See also Statement of Financial Condition