Dec, 31, 2023 — MEMBER ONE FEDERAL CREDIT UNION is a federal credit union headquartered in ROANOKE, VA with 15 branch locations and about $1.69 billion in total assets. Opened 84 years ago in 1940, MEMBER ONE FEDERAL CREDIT UNION has about 150,330 members and employs 336 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBER ONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 4th St NE Bldg C ROANOKE, VA 24016 |
| Phone: | (540) 982-8811 |
| Fax: | (540) 982-7534 |
| Website: | https://www.memberonefcu.com |
| Branches: | 15 branch locations |
| Members: | 150,330 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4035 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,689,013,406 |
| CEO/Manager: | Frank G Carter |
| Chairperson: | Joseph Hopkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 77,498,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 182,990 |
| Real Estate Loans | 531,948,236 |
| Unsecured Loans | 86,349,135 |
| Other Loans | 871,039,650 |
| TOTAL LOANS | 1,489,337,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,648,458 |
| Land And Building | 33,021,494 |
| Other Fixed Assets | 3,019,152 |
| NCUSIF Deposit | 13,050,181 |
| All Other Assets | 517,165 |
| TOTAL ASSETS | 1,689,013,406 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 17,780,310 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 215,648,469 |
| Regular shares | 309,096,233 |
| All Other Shares & Deposits | 895,630,849 |
| TOTAL SHARES & DEPOSITS | 1,420,375,551 |
| TOTAL LIABILITIES | 1,538,257,833 |
| Regular Reserve | 0 |
| Other Reserves | -37,810 |
| Undivided Earnings | 150,793,383 |
| TOTAL EQUITY | 150,755,573 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,689,013,406 |
| INCOME & EXPENSE | |
| Loan Income | 70,889,404 |
| Investment Income | 2,646,457 |
| Other Income | 9,652,455 |
| Total Employee Compensation & Benefits | 27,340,310 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,565,690 |
| Non-operating Income & (Expense) | 24,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,950,000 |
| Cost of Funds | 26,387,008 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,074,021 |
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