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MARKET USA FEDERAL CREDIT UNION

Jun, 30, 2024 — MARKET USA FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 3 branch locations and about $136.85 million in total assets. Opened 72 years ago in 1953, MARKET USA FEDERAL CREDIT UNION has about 19,090 members and employs 42 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:19,090
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$136,851,351
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 28,579,142
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,161,639
 Unsecured Loans 11,827,422
 Other Loans 70,181,388
 TOTAL LOANS 98,170,449
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,446,056
 Land And Building 2,642,329
 Other Fixed Assets 315,369
 NCUSIF Deposit 1,086,671
 All Other Assets 48,404
  TOTAL ASSETS 136,851,351
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,336,425
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,339,793
 Regular shares 61,363,925
 All Other Shares & Deposits 20,941,031
  TOTAL SHARES & DEPOSITS 109,644,749
  TOTAL LIABILITIES 110,981,174
 Regular Reserve 0
 Other Reserves 94,194
 Undivided Earnings 25,775,983
  TOTAL EQUITY 25,870,177
  TOTAL LIABILITIES, SHARES, & EQUITY 136,851,351
INCOME & EXPENSE  
 Loan Income 3,871,217
 Investment Income 279,339
 Other Income 2,156,433
 Total Employee Compensation & Benefits 2,623,447
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,730,585
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 614,451
 Cost of Funds 172,883
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 713,935
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