Dec, 31, 2023 — MONEY ONE FEDERAL CREDIT UNION is a federal credit union headquartered in LARGO, MD with 1 branch location and about $121.47 million in total assets. Opened 73 years ago in 1951, MONEY ONE FEDERAL CREDIT UNION has about 8,474 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MONEY ONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 9800 TECHNOLOGY WAY LARGO, MD 20774 |
Phone: | (301) 925-4600 |
Fax: | (301) 925-9077 |
Website: | https://www.moneyonefcu.org |
Branches: | 1 branch locations |
Members: | 8,474 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7264 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $121,471,111 |
CEO/Manager: | Beverly Zook |
Chairperson: | Margaret D Phillips |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,762,708 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,914,462 |
Unsecured Loans | 5,643,561 |
Other Loans | 31,655,772 |
TOTAL LOANS | 91,213,795 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,120,282 |
Land And Building | 4,331,960 |
Other Fixed Assets | 248,550 |
NCUSIF Deposit | 871,351 |
All Other Assets | 978,760 |
TOTAL ASSETS | 121,471,111 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 31,772 |
Notes & Interest Payable | 18,000,000 |
Accounts Payable & Other Liabilities | 911,504 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,053,102 |
Regular shares | 37,959,243 |
All Other Shares & Deposits | 32,766,867 |
TOTAL SHARES & DEPOSITS | 92,779,212 |
TOTAL LIABILITIES | 111,722,488 |
Regular Reserve | 0 |
Other Reserves | -941,363 |
Undivided Earnings | 10,689,986 |
TOTAL EQUITY | 9,748,623 |
TOTAL LIABILITIES, SHARES, & EQUITY | 121,471,111 |
INCOME & EXPENSE | |
Loan Income | 4,784,849 |
Investment Income | 486,392 |
Other Income | 1,279,045 |
Total Employee Compensation & Benefits | 1,887,822 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,452,366 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 281,865 |
Cost of Funds | 1,304,960 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 709,783 |
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» See also Statement of Financial Condition