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National Credit Union Service Organization

METRO CREDIT UNION

Dec, 31, 2023 — METRO CREDIT UNION is a federally insured state chartered credit union headquartered in CHELSEA, MA with 19 branch locations and about $3.41 billion in total assets. Opened 98 years ago in 1926, METRO CREDIT UNION has about 207,444 members and employs 322 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211381990
Name:METRO CREDIT UNION
Address:
(Main Office)
200 Revere Beach Pkwy
CHELSEA, MA 02150-1608
Phone:(877) 696-3876
Fax:(617) 889-7663
Website:https://www.metrocu.org
Branches:19 branch locations
Members:207,444
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66364
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1926
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$3,412,455,327
CEO/Manager:Robert M Cashman
Chairperson:Mark Smoller

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 146,327,396
TOTAL INVESTMENTS 0
Loans Held for Sale 908,024
 
 Real Estate Loans 1,827,695,660
 Unsecured Loans 83,802,665
 Other Loans 1,095,182,130
 TOTAL LOANS 3,006,680,455
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,471,229
 Land And Building 28,719,616
 Other Fixed Assets 7,460,076
 NCUSIF Deposit 23,233,463
 All Other Assets 347,652
  TOTAL ASSETS 3,412,455,327
LIABILITIES & CAPITAL:  
 Dividends Payable 1,104,912
 Notes & Interest Payable 422,862,950
 Accounts Payable & Other Liabilities 36,158,264
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 335,646,920
 Regular shares 642,595,048
 All Other Shares & Deposits 1,717,195,917
  TOTAL SHARES & DEPOSITS 2,695,437,884
  TOTAL LIABILITIES 3,156,218,695
 Regular Reserve 0
 Other Reserves 3,233,621
 Undivided Earnings 253,003,011
  TOTAL EQUITY 256,236,632
  TOTAL LIABILITIES, SHARES, & EQUITY 3,412,455,327
INCOME & EXPENSE  
 Loan Income 114,899,168
 Investment Income 9,471,412
 Other Income 13,586,120
 Total Employee Compensation & Benefits 32,114,273
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 32,134,048
 Non-operating Income & (Expense) -1,161
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,831,534
 Cost of Funds 64,098,037
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,355,066
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