Dec, 31, 2023 — METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HARTFORD, CT with 1 branch location and about $32.13 million in total assets. Opened 69 years ago in 1955, METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION has about 1,883 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: | METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 250 MURPHY RD HARTFORD, CT 06114 |
Phone: | (860) 560-9036 |
Fax: | (860) 560-9036 |
Website: | https://www.mdecu.org |
Branches: | 1 branch locations |
Members: | 1,883 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65817 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $32,131,532 |
CEO/Manager: | Karen L Viets |
Chairperson: | Robert Facey |
ASSETS: | $ Amount |
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Cash & Equivalents | 682,037 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,264,576 |
Unsecured Loans | 1,745,826 |
Other Loans | 5,710,104 |
TOTAL LOANS | 17,720,506 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -233,767 |
Land And Building | 981,404 |
Other Fixed Assets | 96,221 |
NCUSIF Deposit | 251,763 |
All Other Assets | 0 |
TOTAL ASSETS | 32,131,532 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 102,772 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,638,768 |
Regular shares | 13,243,065 |
All Other Shares & Deposits | 12,653,051 |
TOTAL SHARES & DEPOSITS | 28,534,883 |
TOTAL LIABILITIES | 28,637,655 |
Regular Reserve | 0 |
Other Reserves | 706,557 |
Undivided Earnings | 2,787,320 |
TOTAL EQUITY | 3,493,877 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,131,532 |
INCOME & EXPENSE | |
Loan Income | 777,983 |
Investment Income | 229,960 |
Other Income | 65,080 |
Total Employee Compensation & Benefits | 409,419 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 428,340 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 263,076 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 43,948 |
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