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MARKET USA FEDERAL CREDIT UNION

Mar, 31, 2021 — MARKET USA FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 3 branch locations and about $138.69 million in total assets. Opened 68 years ago in 1953, MARKET USA FEDERAL CREDIT UNION has about 18,251 members and employs 41 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, STE 100
LAUREL, MD 20723-5877
Phone:(301) 586-3400
Fax:(301) 586-3415
Website:http://www.marketusafcu.com
Branches:3 branch locations
Members:18,251
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$138,686,998
CEO/Manager:Laura T Hassan
Chairperson:Robert Watts

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 43,026,392
TOTAL INVESTMENTS 11,161,197
Loans Held for Sale 0
 
 Real Estate Loans 15,759,700
 Unsecured Loans 8,186,977
 Other Loans 55,117,304
 TOTAL LOANS 79,063,981
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,847,406
 Land And Building 2,751,379
 Other Fixed Assets 477,314
 NCUSIF Deposit 1,022,411
 All Other Assets 3,031,730
  TOTAL ASSETS 138,686,998
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 972,013
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 30,074,594
 Regular shares 60,486,630
 All Other Shares & Deposits 22,835,418
  TOTAL SHARES & DEPOSITS 113,396,642
  TOTAL LIABILITIES 114,368,655
 Regular Reserve 1,865,532
 Other Reserves 209,203
 Undivided Earnings 22,243,608
  TOTAL EQUITY 24,318,343
  TOTAL LIABILITIES, SHARES, & EQUITY 138,686,998
INCOME & EXPENSE  
 Loan Income 1,228,531
 Investment Income 26,653
 Other Income 646,270
 Total Employee Compensation & Benefits 777,349
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 793,183
 Non-operating Income & (Expense) 28,694
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 270,642
 Cost of Funds 83,545
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 154,725
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