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MIDWEST FAMILY FEDERAL CREDIT UNION

Mar, 31, 2021 — MIDWEST FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in PORTAGE, IN with 1 branch location and about $34.67 million in total assets. Opened 59 years ago in 1962, MIDWEST FAMILY FEDERAL CREDIT UNION has about 2,822 members and employs 8 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: 271291619
Name:MIDWEST FAMILY FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 48
PORTAGE, IN 46368-0048
Phone:(219) 763-5640
Fax:(219) 763-5102
Website:https://www.mwffcu.org
Branches:1 branch locations
Members:2,822
Credit Union Type:Federal Credit Union
Charter Number:15007
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1962
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$34,667,957
CEO/Manager:Robin L Bowman
Chairperson:Kurt Knutsen

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,857,248
TOTAL INVESTMENTS 13,478,407
Loans Held for Sale 0
 
 Real Estate Loans 4,755,943
 Unsecured Loans 1,525,841
 Other Loans 7,192,537
 TOTAL LOANS 13,474,321
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -225,804
 Land And Building 1,103,117
 Other Fixed Assets 28,464
 NCUSIF Deposit 268,591
 All Other Assets 683,613
  TOTAL ASSETS 34,667,957
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -337,621
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,265,267
 Regular shares 21,525,640
 All Other Shares & Deposits 3,627,735
  TOTAL SHARES & DEPOSITS 32,418,642
  TOTAL LIABILITIES 32,081,021
 Regular Reserve 748,064
 Other Reserves 0
 Undivided Earnings 1,838,872
  TOTAL EQUITY 2,586,936
  TOTAL LIABILITIES, SHARES, & EQUITY 34,667,957
INCOME & EXPENSE  
 Loan Income 166,599
 Investment Income 26,817
 Other Income 93,858
 Total Employee Compensation & Benefits 128,937
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 154,653
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 9,063
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,390
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