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MARKET USA FEDERAL CREDIT UNION

Dec, 31, 2023 — MARKET USA FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 3 branch locations and about $136.79 million in total assets. Opened 71 years ago in 1953, MARKET USA FEDERAL CREDIT UNION has about 19,121 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 255077493
Name:MARKET USA FEDERAL CREDIT UNION
Address:
(Main Office)
8871 Gorman Rd
LAUREL, MD 20723-5877
Phone:(301) 586-3400
Fax:(301) 586-3415
Website:https://www.marketusafcu.com
Branches:3 branch locations
Members:19,121
Credit Union Type:Federal Credit Union
Charter Number:9003
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$136,789,665
CEO/Manager:Laura T Hassan
Chairperson:Robert Watts

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,834,966
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,511,366
 Unsecured Loans 13,663,972
 Other Loans 78,557,627
 TOTAL LOANS 108,732,965
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,976,180
 Land And Building 2,551,453
 Other Fixed Assets 171,255
 NCUSIF Deposit 1,091,534
 All Other Assets 265,845
  TOTAL ASSETS 136,789,665
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,598,066
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,782,046
 Regular shares 51,394,396
 All Other Shares & Deposits 31,527,944
  TOTAL SHARES & DEPOSITS 107,704,386
  TOTAL LIABILITIES 110,302,452
 Regular Reserve 0
 Other Reserves 121,000
 Undivided Earnings 26,366,213
  TOTAL EQUITY 26,487,213
  TOTAL LIABILITIES, SHARES, & EQUITY 136,789,665
INCOME & EXPENSE  
 Loan Income 7,363,486
 Investment Income 1,090,467
 Other Income 2,925,496
 Total Employee Compensation & Benefits 3,930,248
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,064,466
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,166,567
 Cost of Funds 955,674
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 889,743
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