Overview / Commentary
Greater Metro Federal Credit Union is headquartered in Long Island City and is the 89th largest credit union in the state of New York. It is also the 1,866th largest credit union in the nation. It was established in 1970 and as of June of 2020, it had grown to 12 employees and 4,275 members at 2 locations. Greater Metro Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is open to employees of The IBM Corporation, The Veteran’s Administration Hospital in Manhattan, Fedcap Rehabilitation Services, General Theological Seminary, and other select employer groups.
See current membership details
Health
C+
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Greater Metro Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20382 |
| Year Chartered | 1970 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.02% |
| Return on Equity - YTD | -0.25% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $86.0MM$82.9MM |
| Loans | Q2 2020vs Q2 2019 | $34.2MM$33.3MM |
| Deposits | Q2 2020vs Q2 2019 | $76.9MM$73.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $8.1MM$7.8MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $3.6MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.4MM$1.7MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |