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MIDWEST AMERICA FEDERAL CREDIT UNION

Mar, 31, 2021 — MIDWEST AMERICA FEDERAL CREDIT UNION is a federal credit union headquartered in Fort Wayne, IN with 17 branch locations and about $794.47 million in total assets. Opened 85 years ago in 1936, MIDWEST AMERICA FEDERAL CREDIT UNION has about 57,528 members and employs 195 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: 274973141
Name:MIDWEST AMERICA FEDERAL CREDIT UNION
Address:
(Main Office)
1104 Medical Park Dr
Fort Wayne, IN 46825-5826
Phone:(260) 482-3334
Fax:
Website:http://www.mwafcu.org
Branches:17 branch locations
Members:57,528
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$794,470,548
CEO/Manager:Gregory E Mohr
Chairperson:N.Keith Parrot

Call Report

  • Commercial Loans
  • Direct Financing Leases
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 148,819,340
TOTAL INVESTMENTS 94,705,249
Loans Held for Sale 0
 
 Real Estate Loans 183,815,575
 Unsecured Loans 8,548,571
 Other Loans 314,357,821
 TOTAL LOANS 507,074,945
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,142,000
 Land And Building 14,044,260
 Other Fixed Assets 6,354,174
 NCUSIF Deposit 5,987,156
 All Other Assets 20,627,424
  TOTAL ASSETS 794,470,548
LIABILITIES & CAPITAL:  
 Dividends Payable 177
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,988,726
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 183,819,365
 Regular shares 246,787,671
 All Other Shares & Deposits 251,200,752
  TOTAL SHARES & DEPOSITS 681,807,788
  TOTAL LIABILITIES 695,796,691
 Regular Reserve 24,285,511
 Other Reserves -105,017
 Undivided Earnings 74,493,363
  TOTAL EQUITY 98,673,857
  TOTAL LIABILITIES, SHARES, & EQUITY 794,470,548
INCOME & EXPENSE  
 Loan Income 5,406,034
 Investment Income 298,694
 Other Income 1,402,791
 Total Employee Compensation & Benefits 3,165,143
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,432,943
 Non-operating Income & (Expense) 66,238
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 70,142
 Cost of Funds 657,324
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,100,014
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