Credit Unions Near Me
National Credit Union Service Organization

MID MINNESOTA FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for MID MINNESOTA FEDERAL CREDIT UNION as of: March 31, 2021.
Charter Number: 20194

ASSETS$ Amount
CASH:  
 1. Cash on Hand 7,815,220
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 97,685,671
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 1,208,489
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 250,000
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 640,000
 12. All other investments in corporate credit unions 10,000,000
 13. All other investments 832,600
 14. TOTAL INVESTMENTS 12,931,089
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 4,697,972
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 408,872,930
 17. Less: Allowance for Loan & Lease Losses 1,767,109
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,177,583
 20. Land and Building 15,693,590
 21. Other Fixed Assets 2,192,688
 22. NCUA Share Insurance Capitalization Deposit 4,098,939
 23. Intangible Assets 0
 24. Other Assets 11,247,037
25. TOTAL ASSETS 564,645,610
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 8,658,809
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 66,224,102
 12. Regular Shares 292,701,670
 13. Money Market Shares 45,225,330
 14. Share Certificates 84,099,595
 15. IRA/KEOGH Accounts 18,106,892
 16. All Other Shares 4,148,704
 17. TOTAL SHARES 510,506,293
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 510,506,293
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 2,321,812
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 2,697,563
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 30,655,956
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 4,991,350
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 215,785,088
 31. Dollar Amount of Commercial Share Accounts 56,015,223
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 124,266
EQUITY:  
 33. Undivided Earnings 40,369,086
 34. Regular Reserves 3,288,625
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 24,368
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 1,798,429
44. TOTAL LIABILITIES, SHARES, AND EQUITY 564,645,610
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 4,687,898
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 39,688
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 4,727,586
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 528,833
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 528,833
 10. Provision for Loan & Lease Losses 165,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 4,033,753
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,095,842
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets -7,135
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 3,415,956
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,377,504
 23. Travel and Conference Expense 20,259
 24. Office Occupancy Expense 307,721
 25. Office Operations Expense 1,159,146
 26. Educational and Promotional Expenses 161,081
 27. Loan Servicing Expense 327,880
 28. Professional and Outside Services 221,106
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 27,854
 31. Miscellaneous Operating Expenses 48,729
 32. TOTAL NON-INTEREST EXPENSE 5,651,280
33. NET INCOME (LOSS) 1,798,429
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans9.993,911$7,139,136
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans10.492,323$11,642,785
 5. New Vehicle Loans3.741,614$36,870,273
 6. Used Vehicle Loans4.4913,259$181,153,852
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.243,626$47,978,392
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.23955$74,557,790
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.7563$14,722,830
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.5393$26,266,942
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.43143$8,540,930
 14. TOTAL LOANS & LEASES26,487$408,872,930
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,162$97,364,180
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff42$1,981,734
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration227$5,883,798$5,845,634
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)223$5,807,469-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration5$325,137$162,568
  b. Other Government Guaranteed1$207,978$207,978