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METRO NORTH FEDERAL CREDIT UNION

Dec, 31, 2023 — METRO NORTH FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 1 branch location and about $21.50 million in total assets. Opened 70 years ago in 1954, METRO NORTH FEDERAL CREDIT UNION has about 1,332 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:https://www.metronorthfcu.com
Branches:1 branch locations
Members:1,332
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$21,498,161
CEO/Manager:Dan Jones
Chairperson:Mark Gonyeau

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 733,079
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,081,430
 Unsecured Loans 444,824
 Other Loans 3,084,671
 TOTAL LOANS 9,610,925
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -98,957
 Land And Building 93,627
 Other Fixed Assets 30,360
 NCUSIF Deposit 167,029
 All Other Assets 0
  TOTAL ASSETS 21,498,161
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 280,039
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,265,886
 Regular shares 10,204,096
 All Other Shares & Deposits 4,426,173
  TOTAL SHARES & DEPOSITS 17,896,155
  TOTAL LIABILITIES 18,176,194
 Regular Reserve 0
 Other Reserves 445,572
 Undivided Earnings 2,876,395
  TOTAL EQUITY 3,321,967
  TOTAL LIABILITIES, SHARES, & EQUITY 21,498,161
INCOME & EXPENSE  
 Loan Income 442,439
 Investment Income 380,245
 Other Income 105,778
 Total Employee Compensation & Benefits 348,368
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 298,756
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 90,360
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 185,978
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