MEMORIAL EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mefcu.org for more information.
Dec, 31, 2023 — MEMORIAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HOLLYWOOD, FL with 7 branch locations and about $91.42 million in total assets. Opened 53 years ago in 1971, MEMORIAL EMPLOYEES FEDERAL CREDIT UNION has about 8,859 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMORIAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 3501 JOHNSON STREET HOLLYWOOD, FL 33021 |
Phone: | (954) 265-5862 |
Fax: | (954) 265-5857 |
Website: | https://www.mefcu.org |
Branches: | 7 branch locations |
Members: | 8,859 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20468 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $91,419,244 |
CEO/Manager: | George Glasser |
Chairperson: | William Wheatley |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,139,475 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,355,036 |
Unsecured Loans | 3,715,213 |
Other Loans | 28,795,891 |
TOTAL LOANS | 34,866,140 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -323,431 |
Land And Building | 0 |
Other Fixed Assets | 90,994 |
NCUSIF Deposit | 779,742 |
All Other Assets | 0 |
TOTAL ASSETS | 91,419,244 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 913 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,803,199 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,761,400 |
Regular shares | 62,880,234 |
All Other Shares & Deposits | 10,836,078 |
TOTAL SHARES & DEPOSITS | 86,477,712 |
TOTAL LIABILITIES | 88,281,824 |
Regular Reserve | 0 |
Other Reserves | -5,666,802 |
Undivided Earnings | 8,804,222 |
TOTAL EQUITY | 3,137,420 |
TOTAL LIABILITIES, SHARES, & EQUITY | 91,419,244 |
INCOME & EXPENSE | |
Loan Income | 1,276,947 |
Investment Income | 620,675 |
Other Income | 510,496 |
Total Employee Compensation & Benefits | 1,150,208 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 897,438 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 42,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 317,487 |
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