Jun, 30, 2024 — METRO CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 7 branch locations and about $514.17 million in total assets. Opened 74 years ago in 1951, METRO CREDIT UNION has about 44,098 members and employs 114 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: | 7 branch locations |
| Members: | 44,098 |
| 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: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $514,167,287 |
| CEO/Manager: | Michael P McDermott |
| Chairperson: | John White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 159,794,839 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 111,509,611 |
| Unsecured Loans | 30,498,166 |
| Other Loans | 145,003,648 |
| TOTAL LOANS | 287,011,425 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,550,473 |
| Land And Building | 11,256,069 |
| Other Fixed Assets | 4,979,188 |
| NCUSIF Deposit | 4,103,517 |
| All Other Assets | 27,100 |
| TOTAL ASSETS | 514,167,287 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,249,572 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 107,525,660 |
| Regular shares | 153,613,314 |
| All Other Shares & Deposits | 190,196,490 |
| TOTAL SHARES & DEPOSITS | 451,335,464 |
| TOTAL LIABILITIES | 462,585,036 |
| Regular Reserve | 0 |
| Other Reserves | -2,419,262 |
| Undivided Earnings | 54,001,513 |
| TOTAL EQUITY | 51,582,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 514,167,287 |
| INCOME & EXPENSE | |
| Loan Income | 9,711,311 |
| Investment Income | 1,669,456 |
| Other Income | 5,306,206 |
| Total Employee Compensation & Benefits | 9,203,995 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,071,034 |
| Non-operating Income & (Expense) | 590,889 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,260,000 |
| Cost of Funds | 1,285,607 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,167,861 |
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