Dec, 31, 2023 — MID-KANSAS CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNDRIDGE, KS with 2 branch locations and about $82.61 million in total assets. Opened 52 years ago in 1972, MID-KANSAS CREDIT UNION has about 4,194 members and employs 18 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-KANSAS CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 608 MOUNDRIDGE, KS 67107 |
| Phone: | (620) 345-2980 |
| Fax: | (620) 345-2996 |
| Website: | https://www.mkcu.coop |
| Branches: | 2 branch locations |
| Members: | 4,194 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60906 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,613,136 |
| CEO/Manager: | Gary L Duerksen |
| Chairperson: | Adam Robb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,769,534 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,191,250 |
| Unsecured Loans | 2,066,344 |
| Other Loans | 26,395,153 |
| TOTAL LOANS | 62,006,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -362,601 |
| Land And Building | 2,088,449 |
| Other Fixed Assets | 184,699 |
| NCUSIF Deposit | 599,753 |
| All Other Assets | 0 |
| TOTAL ASSETS | 82,613,136 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 120,863 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 91,899 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,098,916 |
| Regular shares | 26,591,315 |
| All Other Shares & Deposits | 32,472,199 |
| TOTAL SHARES & DEPOSITS | 75,162,430 |
| TOTAL LIABILITIES | 77,375,192 |
| Regular Reserve | 0 |
| Other Reserves | -1,316,988 |
| Undivided Earnings | 6,554,932 |
| TOTAL EQUITY | 5,237,944 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,613,136 |
| INCOME & EXPENSE | |
| Loan Income | 3,018,411 |
| Investment Income | 277,995 |
| Other Income | 183,237 |
| Total Employee Compensation & Benefits | 1,278,320 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,214,432 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 492,000 |
| Cost of Funds | 863,722 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 61,214 |
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