Jun, 30, 2024 — MARRIOTT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 0 branch location and about $191.50 million in total assets. Opened 71 years ago in 1953, MARRIOTT EMPLOYEES FEDERAL CREDIT UNION has about 22,640 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARRIOTT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1801 Research Blvd ROCKVILLE, MD 20850 |
| Phone: | (301) 634-5100 |
| Fax: | (301) 634-5275 |
| Website: | https://www.mefcudirect.com |
| Branches: | 0 branch locations |
| Members: | 22,640 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8680 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $191,504,312 |
| CEO/Manager: | Susan E Wolfe |
| Chairperson: | Daniel E Verner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,213,937 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,381,194 |
| Unsecured Loans | 17,441,874 |
| Other Loans | 35,675,375 |
| TOTAL LOANS | 83,498,443 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,337,175 |
| Land And Building | 0 |
| Other Fixed Assets | 1,178,287 |
| NCUSIF Deposit | 1,612,516 |
| All Other Assets | 0 |
| TOTAL ASSETS | 191,504,312 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 478 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 6,772,612 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,487,068 |
| Regular shares | 108,852,144 |
| All Other Shares & Deposits | 25,231,168 |
| TOTAL SHARES & DEPOSITS | 170,570,380 |
| TOTAL LIABILITIES | 180,343,470 |
| Regular Reserve | 0 |
| Other Reserves | -7,268,477 |
| Undivided Earnings | 18,429,319 |
| TOTAL EQUITY | 11,160,842 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 191,504,312 |
| INCOME & EXPENSE | |
| Loan Income | 2,535,797 |
| Investment Income | 811,666 |
| Other Income | 1,117,369 |
| Total Employee Compensation & Benefits | 2,233,796 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,282,551 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,854 |
| Cost of Funds | 183,361 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -610,937 |
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