MIDLAND CO-OP CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.midlandcoopcu.com for more information.
Dec, 31, 2023 — MIDLAND CO-OP CREDIT UNION is a federally insured state chartered credit union headquartered in MINNEAPOLIS, MN with 3 branch locations and about $10.89 million in total assets. Opened 69 years ago in 1955, MIDLAND CO-OP CREDIT UNION has about 1,316 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIDLAND CO-OP CREDIT UNION |
|---|---|
| Address: (Main Office) | 5210 CENTRAL AVE NE STE 200 MINNEAPOLIS, MN 55421-1824 |
| Phone: | (763) 572-1368 |
| Fax: | (763) 572-1580 |
| Website: | https://www.midlandcoopcu.com |
| Branches: | 3 branch locations |
| Members: | 1,316 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60958 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | May 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,887,927 |
| CEO/Manager: | Rebecca Lindman |
| Chairperson: | Janet Kramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,497,369 |
| TOTAL INVESTMENTS | 3,242,559 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 607,572 |
| Unsecured Loans | 31,516 |
| Other Loans | 2,412,506 |
| TOTAL LOANS | 3,051,594 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,587 |
| Land And Building | 0 |
| Other Fixed Assets | 8,660 |
| NCUSIF Deposit | 92,116 |
| All Other Assets | 17,216 |
| TOTAL ASSETS | 10,887,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,246 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 432,299 |
| Regular shares | 9,467,614 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,899,913 |
| TOTAL LIABILITIES | 9,920,159 |
| Regular Reserve | 430,195 |
| Other Reserves | 0 |
| Undivided Earnings | 537,573 |
| TOTAL EQUITY | 967,768 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,887,927 |
| INCOME & EXPENSE | |
| Loan Income | 112,325 |
| Investment Income | 29,831 |
| Other Income | 7,147 |
| Total Employee Compensation & Benefits | 82,314 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 72,273 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,897 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,502 |
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