Sep, 30, 2025 — MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in HOLLYWOOD, FL with 7 branch locations and about $91.71 million in total assets. Opened 55 years ago in 1971, MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION has about 8,932 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3501 Johnson St HOLLYWOOD, FL 33021-5421 |
| Phone: | (954) 265-5862 |
| Fax: | (954) 265-5857 |
| Website: | https://www.mefcu.org |
| Branches: | 7 branch locations |
| Members: | 8,932 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68738 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $91,705,237 |
| CEO/Manager: | George Glasser |
| Chairperson: | Dionne Blackwood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,317,196 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,217,448 |
| Unsecured Loans | 3,438,427 |
| Other Loans | 34,616,207 |
| TOTAL LOANS | 45,272,083 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -310,842 |
| Land And Building | 0 |
| Other Fixed Assets | 116,525 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 770,773 |
| All Other Assets | 21,790 |
| TOTAL ASSETS | 91,705,237 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 149,234 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,569,683 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,236,321 |
| Regular shares | 50,455,636 |
| All Other Shares & Deposits | 23,447,135 |
| TOTAL SHARES & DEPOSITS | 83,139,093 |
| TOTAL LIABILITIES | 84,858,010 |
| Regular Reserve | 0 |
| Other Reserves | -3,134,076 |
| Undivided Earnings | 9,981,303 |
| TOTAL EQUITY | 6,847,227 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,705,237 |
| INCOME & EXPENSE | |
| Loan Income | 2,047,879 |
| Investment Income | 802,631 |
| Other Income | 441,237 |
| Total Employee Compensation & Benefits | 1,288,940 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,075,798 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,000 |
| Cost of Funds | 619,471 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 140,174 |
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