Jun, 30, 2024 — MID-KANSAS CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNDRIDGE, KS with 2 branch locations and about $72.13 million in total assets. Opened 53 years ago in 1972, MID-KANSAS CREDIT UNION has about 4,106 members and employs 20 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: | 4,106 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $72,130,668 |
| CEO/Manager: | Gary L Duerksen |
| Chairperson: | Adam Robb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 735,834 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,043,872 |
| Unsecured Loans | 1,622,918 |
| Other Loans | 26,704,706 |
| TOTAL LOANS | 55,238,047 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -318,100 |
| Land And Building | 2,106,295 |
| Other Fixed Assets | 241,312 |
| NCUSIF Deposit | 589,474 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,130,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,979 |
| Notes & Interest Payable | 2,088,398 |
| Accounts Payable & Other Liabilities | 145,805 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,646,258 |
| Regular shares | 27,343,641 |
| All Other Shares & Deposits | 21,937,014 |
| TOTAL SHARES & DEPOSITS | 64,926,913 |
| TOTAL LIABILITIES | 67,176,095 |
| Regular Reserve | 0 |
| Other Reserves | 3,377,739 |
| Undivided Earnings | 1,576,834 |
| TOTAL EQUITY | 4,954,573 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,130,668 |
| INCOME & EXPENSE | |
| Loan Income | 1,666,021 |
| Investment Income | 159,570 |
| Other Income | 133,403 |
| Total Employee Compensation & Benefits | 978,951 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 832,405 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 111,000 |
| Cost of Funds | 125,207 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 228,201 |
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