Dec, 31, 2023 — MID-ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in CHRISTIANSTED, VI with 1 branch location and about $17.24 million in total assets. Opened 43 years ago in 1981, MID-ISLAND FEDERAL CREDIT UNION has about 2,325 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 |
|---|---|
| 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: | 2,325 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,241,621 |
| CEO/Manager: | JULIA CRISPIN |
| Chairperson: | David Rossington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,179,200 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,328,315 |
| Other Loans | 2,450,517 |
| TOTAL LOANS | 4,796,742 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,393 |
| Land And Building | 0 |
| Other Fixed Assets | 259,467 |
| NCUSIF Deposit | 159,628 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,241,621 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | -1 |
| Accounts Payable & Other Liabilities | 105,929 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1 |
| Share Drafts | 0 |
| Regular shares | 15,801,221 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 15,801,221 |
| TOTAL LIABILITIES | 15,907,150 |
| Regular Reserve | 0 |
| Other Reserves | 206,663 |
| Undivided Earnings | 1,127,808 |
| TOTAL EQUITY | 1,334,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,241,621 |
| INCOME & EXPENSE | |
| Loan Income | 397,784 |
| Investment Income | 278,761 |
| Other Income | 48,742 |
| Total Employee Compensation & Benefits | 253,598 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 271,723 |
| Non-operating Income & (Expense) | 114 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,136 |
| Cost of Funds | 6,900 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 178,044 |
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