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National Credit Union Service Organization

METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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