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.
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: | 19,121 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $136,789,665 |
CEO/Manager: | Laura T Hassan |
Chairperson: | Robert Watts |
ASSETS: | $ Amount |
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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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