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MIDWEST AMERICA FEDERAL CREDIT UNION

Dec, 31, 2020 — MIDWEST AMERICA FEDERAL CREDIT UNION is a federal credit union headquartered in Fort Wayne, IN with 17 branch locations and about $751.25 million in total assets. Opened 85 years ago in 1936, MIDWEST AMERICA FEDERAL CREDIT UNION has about 57,928 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:57,928
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:$751,254,045
CEO/Manager:Gregory E Mohr
Chairperson:Darrell Gerig II

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 110,451,019
TOTAL INVESTMENTS 82,240,959
Loans Held for Sale 0
 
 Real Estate Loans 187,905,386
 Unsecured Loans 9,529,830
 Other Loans 317,721,963
 TOTAL LOANS 515,512,238
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,255,000
 Land And Building 14,156,097
 Other Fixed Assets 5,685,578
 NCUSIF Deposit 5,987,156
 All Other Assets 20,475,998
  TOTAL ASSETS 751,254,045
LIABILITIES & CAPITAL:  
 Dividends Payable 219
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,340,552
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 163,426,724
 Regular shares 217,644,658
 All Other Shares & Deposits 260,130,000
  TOTAL SHARES & DEPOSITS 641,201,382
  TOTAL LIABILITIES 654,542,153
 Regular Reserve 24,285,510
 Other Reserves 33,033
 Undivided Earnings 72,393,349
  TOTAL EQUITY 96,711,892
  TOTAL LIABILITIES, SHARES, & EQUITY 751,254,045
INCOME & EXPENSE  
 Loan Income 22,649,598
 Investment Income 1,570,292
 Other Income 9,532,090
 Total Employee Compensation & Benefits 13,251,319
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,919,613
 Non-operating Income & (Expense) 161,178
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,004,215
 Cost of Funds 4,509,839
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,228,172
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