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.
Name: | MARKET USA FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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