Dec, 31, 2023 — METRO MEDICAL CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $85.25 million in total assets. Opened 59 years ago in 1965, METRO MEDICAL CREDIT UNION has about 6,479 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METRO MEDICAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8200 Brookriver Dr Ste N110 DALLAS, TX 75247 |
| Phone: | (214) 630-0611 |
| Fax: | (214) 879-9759 |
| Website: | https://www.mmcu.com |
| Branches: | 2 branch locations |
| Members: | 6,479 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67517 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,246,844 |
| CEO/Manager: | Craig White |
| Chairperson: | Joe G Mayer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,418,779 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,026,908 |
| Unsecured Loans | 2,876,539 |
| Other Loans | 12,980,748 |
| TOTAL LOANS | 25,884,195 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -198,091 |
| Land And Building | 0 |
| Other Fixed Assets | 154,836 |
| NCUSIF Deposit | 718,951 |
| All Other Assets | 0 |
| TOTAL ASSETS | 85,246,844 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 317,425 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,173,258 |
| Regular shares | 42,217,504 |
| All Other Shares & Deposits | 10,147,123 |
| TOTAL SHARES & DEPOSITS | 72,537,885 |
| TOTAL LIABILITIES | 72,855,310 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,391,534 |
| TOTAL EQUITY | 12,391,534 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,246,844 |
| INCOME & EXPENSE | |
| Loan Income | 1,217,109 |
| Investment Income | 947,066 |
| Other Income | 833,182 |
| Total Employee Compensation & Benefits | 1,094,281 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,198,306 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 109,544 |
| Cost of Funds | 110,456 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 533,433 |
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