Dec, 31, 2023 — GREATER METRO FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 2 branch locations and about $86.24 million in total assets. Opened 54 years ago in 1970, GREATER METRO FEDERAL CREDIT UNION has about 4,041 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER METRO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3110 37th Ave LONG ISLAND CITY, NY 11101-2128 |
| Phone: | (718) 361-1002 |
| Fax: | (718) 361-1775 |
| Website: | https://www.greatermetrofcu.org |
| Branches: | 2 branch locations |
| Members: | 4,041 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20382 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $86,243,083 |
| CEO/Manager: | Peter S Nalaskowski |
| Chairperson: | Robert G Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,330,024 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,114,827 |
| Unsecured Loans | 3,925,576 |
| Other Loans | 10,018,232 |
| TOTAL LOANS | 27,058,636 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,148,398 |
| Land And Building | 0 |
| Other Fixed Assets | 19,314 |
| NCUSIF Deposit | 711,049 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,243,083 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 568,042 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,407,023 |
| Regular shares | 27,832,444 |
| All Other Shares & Deposits | 27,338,140 |
| TOTAL SHARES & DEPOSITS | 77,577,607 |
| TOTAL LIABILITIES | 78,145,649 |
| Regular Reserve | 0 |
| Other Reserves | 537,031 |
| Undivided Earnings | 7,560,403 |
| TOTAL EQUITY | 8,097,434 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,243,083 |
| INCOME & EXPENSE | |
| Loan Income | 1,158,181 |
| Investment Income | 973,120 |
| Other Income | 349,672 |
| Total Employee Compensation & Benefits | 911,844 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,070,942 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
| Cost of Funds | 695,447 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -187,796 |
| ↑ Back to Top | |