Sep, 30, 2025 — METRO CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 5 branch locations and about $603.97 million in total assets. Opened 75 years ago in 1951, METRO CREDIT UNION has about 43,893 members and employs 104 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 14517 F St Ste 211 OMAHA, NE 68137-1001 |
| Phone: | (402) 551-3052 |
| Fax: | (402) 551-8359 |
| Website: | https://www.metrofcu.org |
| Branches: | 5 branch locations |
| Members: | 43,893 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7091 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $603,969,960 |
| CEO/Manager: | Michael P McDermott |
| Chairperson: | John White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 136,577,476 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 192,843,135 |
| Unsecured Loans | 27,556,638 |
| Other Loans | 162,715,515 |
| TOTAL LOANS | 383,115,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,898,981 |
| Land And Building | 13,378,993 |
| Other Fixed Assets | 2,698,366 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,700,891 |
| All Other Assets | 46,000 |
| TOTAL ASSETS | 603,969,960 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,102,751 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 97,098,894 |
| Regular shares | 124,407,017 |
| All Other Shares & Deposits | 294,802,968 |
| TOTAL SHARES & DEPOSITS | 516,308,881 |
| TOTAL LIABILITIES | 528,411,632 |
| Regular Reserve | 0 |
| Other Reserves | -1,096,922 |
| Undivided Earnings | 76,655,250 |
| TOTAL EQUITY | 75,558,328 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 603,969,960 |
| INCOME & EXPENSE | |
| Loan Income | 16,878,622 |
| Investment Income | 6,404,299 |
| Other Income | 4,306,061 |
| Total Employee Compensation & Benefits | 8,711,272 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,838,882 |
| Non-operating Income & (Expense) | 367,520 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000,000 |
| Cost of Funds | 7,563,637 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,240,520 |
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