Dec, 31, 2023 — METRO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 2 branch locations and about $42.63 million in total assets. Opened 71 years ago in 1953, METRO COMMUNITY FEDERAL CREDIT UNION has about 4,345 members and employs 11 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 COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 18th St HUNTINGTON, WV 25703 |
| Phone: | (304) 697-4652 |
| Fax: | (304) 697-2183 |
| Website: | https://www.metrocommunityfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,345 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8791 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,629,225 |
| CEO/Manager: | Robert Whitley |
| Chairperson: | William Bartlett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,675,106 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,699,698 |
| Unsecured Loans | 2,113,103 |
| Other Loans | 15,474,345 |
| TOTAL LOANS | 24,287,145 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -166,135 |
| Land And Building | 803,315 |
| Other Fixed Assets | 64,715 |
| NCUSIF Deposit | 386,608 |
| All Other Assets | 44,703 |
| TOTAL ASSETS | 42,629,225 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,420 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 356,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,682,919 |
| Regular shares | 24,455,280 |
| All Other Shares & Deposits | 8,357,796 |
| TOTAL SHARES & DEPOSITS | 38,495,994 |
| TOTAL LIABILITIES | 38,854,156 |
| Regular Reserve | 0 |
| Other Reserves | 1,116,500 |
| Undivided Earnings | 2,658,569 |
| TOTAL EQUITY | 3,775,069 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,629,225 |
| INCOME & EXPENSE | |
| Loan Income | 1,287,630 |
| Investment Income | 326,554 |
| Other Income | 177,102 |
| Total Employee Compensation & Benefits | 594,563 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,019,352 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
| Cost of Funds | 116,754 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 205,811 |
| ↑ Back to Top | |