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METRO NORTH FEDERAL CREDIT UNION

Jun, 30, 2021 — METRO NORTH FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 1 branch location and about $18.95 million in total assets. Opened 67 years ago in 1954, METRO NORTH FEDERAL CREDIT UNION has about 1,398 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:METRO NORTH FEDERAL CREDIT UNION
Address:
(Main Office)
310 DUNDAS DR
JACKSONVILLE, FL 32218-5588
Phone:(904) 757-5562
Fax:(904) 757-8761
Website:http://www.metronorthfcu.com
Branches:1 branch locations
Members:1,398
Credit Union Type:Federal Credit Union
Charter Number:9441
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1954
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$18,951,482
CEO/Manager:Dan Jones
Chairperson:Mark gonyeau

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 757,976
TOTAL INVESTMENTS 9,804,199
Loans Held for Sale 0
 
 Real Estate Loans 4,585,115
 Unsecured Loans 492,242
 Other Loans 3,008,702
 TOTAL LOANS 8,086,059
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,613
 Land And Building 93,627
 Other Fixed Assets 28,584
 NCUSIF Deposit 145,331
 All Other Assets 51,319
  TOTAL ASSETS 18,951,482
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 100,987
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,289,194
 Regular shares 9,812,484
 All Other Shares & Deposits 3,598,315
  TOTAL SHARES & DEPOSITS 15,699,993
  TOTAL LIABILITIES 15,800,980
 Regular Reserve 418,185
 Other Reserves 27,387
 Undivided Earnings 2,704,930
  TOTAL EQUITY 3,150,502
  TOTAL LIABILITIES, SHARES, & EQUITY 18,951,482
INCOME & EXPENSE  
 Loan Income 193,359
 Investment Income 41,034
 Other Income 58,006
 Total Employee Compensation & Benefits 140,504
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 136,345
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -9,900
 Cost of Funds 23,255
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,195
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