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MID-ISLAND FEDERAL CREDIT UNION

Mar, 31, 2021 — MID-ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in Christiansted, VI with 1 branch location and about $15.80 million in total assets. Opened 40 years ago in 1981, MID-ISLAND FEDERAL CREDIT UNION has about 2,270 members and employs 6 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
Address:
(Main Office)
P O Box 5398
Christiansted, VI 00823
Phone:(340) 778-6297
Fax:(340) 778-3616
Website:http://www.midislandfcu.com
Branches:1 branch locations
Members:2,270
Credit Union Type:Federal Credit Union
Charter Number:23811
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,795,016
CEO/Manager:JULIA CRISPIN
Chairperson:David Rossington

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,086,351
TOTAL INVESTMENTS 5,042,242
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 777,261
 Other Loans 3,672,319
 TOTAL LOANS 4,504,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,720
 Land And Building 0
 Other Fixed Assets 14,629
 NCUSIF Deposit 117,432
 All Other Assets 125,769
  TOTAL ASSETS 15,795,016
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 43,603
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 14,625,626
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 14,625,626
  TOTAL LIABILITIES 14,669,229
 Regular Reserve 206,663
 Other Reserves 0
 Undivided Earnings 919,124
  TOTAL EQUITY 1,125,787
  TOTAL LIABILITIES, SHARES, & EQUITY 15,795,016
INCOME & EXPENSE  
 Loan Income 80,273
 Investment Income 29,425
 Other Income 12,082
 Total Employee Compensation & Benefits 50,887
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 58,584
 Non-operating Income & (Expense) -6,225
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,751
 Cost of Funds 3,537
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,204
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