Jun, 30, 2024 — MONEY ONE FEDERAL CREDIT UNION is a federal credit union headquartered in LARGO, MD with 1 branch location and about $115.90 million in total assets. Opened 74 years ago in 1951, MONEY ONE FEDERAL CREDIT UNION has about 9,477 members and employs 20 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 |
|---|---|
| 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: | 9,477 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7264 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $115,900,464 |
| CEO/Manager: | Beverly Zook |
| Chairperson: | Margaret D Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,970,941 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,639,277 |
| Unsecured Loans | 5,761,287 |
| Other Loans | 24,466,883 |
| TOTAL LOANS | 81,867,447 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,142,296 |
| Land And Building | 4,541,052 |
| Other Fixed Assets | 344,487 |
| NCUSIF Deposit | 1,116,393 |
| All Other Assets | 799,589 |
| TOTAL ASSETS | 115,900,464 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 50,898 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 799,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,349,527 |
| Regular shares | 42,707,255 |
| All Other Shares & Deposits | 37,772,763 |
| TOTAL SHARES & DEPOSITS | 105,829,545 |
| TOTAL LIABILITIES | 106,679,942 |
| Regular Reserve | 0 |
| Other Reserves | 661,838 |
| Undivided Earnings | 8,558,684 |
| TOTAL EQUITY | 9,220,522 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 115,900,464 |
| INCOME & EXPENSE | |
| Loan Income | 3,188,207 |
| Investment Income | 122,747 |
| Other Income | 916,845 |
| Total Employee Compensation & Benefits | 1,192,414 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,661,257 |
| Non-operating Income & (Expense) | -54,106 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 434,000 |
| Cost of Funds | 398,235 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 109,962 |
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