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METRO NORTH FEDERAL CREDIT UNION

Jun, 30, 2024 — METRO NORTH FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 1 branch location and about $19.88 million in total assets. Opened 70 years ago in 1954, METRO NORTH FEDERAL CREDIT UNION has about 1,359 members and employs 4 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:1,359
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$19,879,227
CEO/Manager:Dan Jones
Chairperson:Mark Gonyeau

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 513,610
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,998,150
 Unsecured Loans 414,941
 Other Loans 2,875,927
 TOTAL LOANS 9,289,018
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,265
 Land And Building 93,627
 Other Fixed Assets 21,000
 NCUSIF Deposit 154,932
 All Other Assets 0
  TOTAL ASSETS 19,879,227
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 101,241
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,617,225
 Regular shares 10,301,052
 All Other Shares & Deposits 3,671,748
  TOTAL SHARES & DEPOSITS 16,590,025
  TOTAL LIABILITIES 16,691,266
 Regular Reserve 0
 Other Reserves 445,572
 Undivided Earnings 2,742,389
  TOTAL EQUITY 3,187,961
  TOTAL LIABILITIES, SHARES, & EQUITY 19,879,227
INCOME & EXPENSE  
 Loan Income 306,176
 Investment Income 94,101
 Other Income 79,135
 Total Employee Compensation & Benefits 196,219
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 205,344
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,500
 Cost of Funds 30,495
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 45,854
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