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National Credit Union Service Organization

1ST MIDAMERICA CREDIT UNION

Dec, 31, 2023 — 1ST MIDAMERICA CREDIT UNION is a federally insured state chartered credit union headquartered in BETHALTO, IL with 10 branch locations and about $964.49 million in total assets. Opened 90 years ago in 1934, 1ST MIDAMERICA CREDIT UNION has about 63,126 members and employs 188 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 281076730
Name:1ST MIDAMERICA CREDIT UNION
Address:
(Main Office)
731 E Bethalto Dr
BETHALTO, IL 62010
Phone:(618) 258-3168
Fax:(618) 258-6003
Website:https://www.1stmidamerica.org
Branches:10 branch locations
Members:63,126
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63932
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$964,490,813
CEO/Manager:Alan Meyer
Chairperson:Rosemary Gibson

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,116,820
TOTAL INVESTMENTS 0
Loans Held for Sale 215,950
 
 Real Estate Loans 313,783,836
 Unsecured Loans 46,779,906
 Other Loans 440,228,877
 TOTAL LOANS 800,792,619
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,788,352
 Land And Building 22,710,996
 Other Fixed Assets 4,512,960
 NCUSIF Deposit 7,291,974
 All Other Assets 0
  TOTAL ASSETS 964,490,813
LIABILITIES & CAPITAL:  
 Dividends Payable 1,183,497
 Notes & Interest Payable 89,580,000
 Accounts Payable & Other Liabilities 6,297,309
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 145,018,351
 Regular shares 280,080,713
 All Other Shares & Deposits 340,046,202
  TOTAL SHARES & DEPOSITS 765,145,266
  TOTAL LIABILITIES 862,324,099
 Regular Reserve 0
 Other Reserves -1,439,306
 Undivided Earnings 103,606,020
  TOTAL EQUITY 102,166,714
  TOTAL LIABILITIES, SHARES, & EQUITY 964,490,813
INCOME & EXPENSE  
 Loan Income 36,492,059
 Investment Income 5,703,616
 Other Income 5,373,300
 Total Employee Compensation & Benefits 15,054,806
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,324,403
 Non-operating Income & (Expense) 38,446
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,249,055
 Cost of Funds 16,403,180
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,655,938
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