Sep, 30, 2025 — MIDWEST AMERICA FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 15 branch locations and about $957.00 million in total assets. Opened 90 years ago in 1936, MIDWEST AMERICA FEDERAL CREDIT UNION has about 51,598 members and employs 198 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIDWEST AMERICA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1104 Medical Park Dr FORT WAYNE, IN 46825-5826 |
| Phone: | (260) 482-3334 |
| Fax: | |
| Website: | https://www.mwafcu.org |
| Branches: | 15 branch locations |
| Members: | 51,598 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1427 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $957,000,422 |
| CEO/Manager: | David L Shadburne |
| Chairperson: | Maureen G Fulk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 59,025,412 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 365,776,116 |
| Unsecured Loans | 6,017,056 |
| Other Loans | 351,938,186 |
| TOTAL LOANS | 723,945,222 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,262,000 |
| Land And Building | 21,410,156 |
| Other Fixed Assets | 5,157,863 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,139,719 |
| All Other Assets | 431,932 |
| TOTAL ASSETS | 957,000,422 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 92 |
| Notes & Interest Payable | 2,502,000 |
| Accounts Payable & Other Liabilities | 13,372,729 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 152,214,889 |
| Regular shares | 206,092,920 |
| All Other Shares & Deposits | 445,775,996 |
| TOTAL SHARES & DEPOSITS | 804,083,803 |
| TOTAL LIABILITIES | 819,958,624 |
| Regular Reserve | 0 |
| Other Reserves | 309,830 |
| Undivided Earnings | 136,731,968 |
| TOTAL EQUITY | 137,041,798 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 957,000,422 |
| INCOME & EXPENSE | |
| Loan Income | 33,898,060 |
| Investment Income | 4,574,463 |
| Other Income | 4,348,926 |
| Total Employee Compensation & Benefits | 13,438,724 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,375,999 |
| Non-operating Income & (Expense) | 102,216 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,840,760 |
| Cost of Funds | 12,638,968 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,303,011 |
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