Jun, 30, 2023 — MID-ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in CHRISTIANSTED, VI with 1 branch location and about $17.44 million in total assets. Opened 43 years ago in 1981, MID-ISLAND FEDERAL CREDIT UNION has about 2,251 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MID-ISLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 4366 Peters Rest CHRISTIANSTED, VI 00820 |
Phone: | (340) 778-6297 |
Fax: | (340) 778-3616 |
Website: | https://www.midislandfcu.org |
Branches: | 1 branch locations |
Members: | 2,251 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23811 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,444,206 |
CEO/Manager: | JULIA CRISPIN |
Chairperson: | David Rossington |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,298,756 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,591,740 |
Other Loans | 2,590,863 |
TOTAL LOANS | 4,209,492 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,536 |
Land And Building | 0 |
Other Fixed Assets | 26,828 |
NCUSIF Deposit | 159,169 |
All Other Assets | 16,536 |
TOTAL ASSETS | 17,444,206 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 52,640 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 16,269,977 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 16,269,977 |
TOTAL LIABILITIES | 16,322,617 |
Regular Reserve | 0 |
Other Reserves | 206,663 |
Undivided Earnings | 914,926 |
TOTAL EQUITY | 1,121,589 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,444,206 |
INCOME & EXPENSE | |
Loan Income | 202,531 |
Investment Income | 117,315 |
Other Income | 34,113 |
Total Employee Compensation & Benefits | 171,924 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 149,322 |
Non-operating Income & (Expense) | -1,759 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 7,071 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 23,883 |
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