Dec, 31, 2023 — CME FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, OH with 7 branch locations and about $447.66 million in total assets. Opened 89 years ago in 1935, CME FEDERAL CREDIT UNION has about 38,967 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CME FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 150 E Mound St COLUMBUS, OH 43215 |
| Phone: | (614) 224-8890 |
| Fax: | (614) 220-4295 |
| Website: | https://www.cmefcu.org |
| Branches: | 7 branch locations |
| Members: | 38,967 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 294 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $447,663,387 |
| CEO/Manager: | Brian L Warner |
| Chairperson: | Nichole Brandon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,473,343 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 184,163,307 |
| Unsecured Loans | 59,439,975 |
| Other Loans | 141,199,932 |
| TOTAL LOANS | 384,803,214 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,008,244 |
| Land And Building | 14,679,185 |
| Other Fixed Assets | 852,823 |
| NCUSIF Deposit | 3,564,139 |
| All Other Assets | 103,795 |
| TOTAL ASSETS | 447,663,387 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,270,000 |
| Accounts Payable & Other Liabilities | 2,496,810 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,728,571 |
| Regular shares | 98,042,652 |
| All Other Shares & Deposits | 241,854,667 |
| TOTAL SHARES & DEPOSITS | 402,625,890 |
| TOTAL LIABILITIES | 415,392,700 |
| Regular Reserve | 0 |
| Other Reserves | -1,638,122 |
| Undivided Earnings | 33,908,809 |
| TOTAL EQUITY | 32,270,687 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 447,663,387 |
| INCOME & EXPENSE | |
| Loan Income | 20,172,574 |
| Investment Income | 735,896 |
| Other Income | 1,766,683 |
| Total Employee Compensation & Benefits | 7,079,936 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,146,477 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,073,400 |
| Cost of Funds | 6,532,416 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,860,756 |
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