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MIDLAND CO-OP CREDIT UNION

Jun, 30, 2023 — MIDLAND CO-OP CREDIT UNION is a federally insured state chartered credit union headquartered in MINNEAPOLIS, MN with 3 branch locations and about $10.89 million in total assets. Opened 69 years ago in 1955, MIDLAND CO-OP CREDIT UNION has about 1,316 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MIDLAND CO-OP CREDIT UNION
Address:
(Main Office)
5210 CENTRAL AVE NE STE 200
MINNEAPOLIS, MN 55421-1824
Phone:(763) 572-1368
Fax:(763) 572-1580
Website:https://www.midlandcoopcu.com
Branches:3 branch locations
Members:1,316
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60958
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:May 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$10,887,927
CEO/Manager:Rebecca Lindman
Chairperson:Janet Kramer

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,497,369
TOTAL INVESTMENTS 3,242,559
Loans Held for Sale 0
 
 Real Estate Loans 607,572
 Unsecured Loans 31,516
 Other Loans 2,412,506
 TOTAL LOANS 3,051,594
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,587
 Land And Building 0
 Other Fixed Assets 8,660
 NCUSIF Deposit 92,116
 All Other Assets 17,216
  TOTAL ASSETS 10,887,927
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 20,246
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 432,299
 Regular shares 9,467,614
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,899,913
  TOTAL LIABILITIES 9,920,159
 Regular Reserve 430,195
 Other Reserves 0
 Undivided Earnings 537,573
  TOTAL EQUITY 967,768
  TOTAL LIABILITIES, SHARES, & EQUITY 10,887,927
INCOME & EXPENSE  
 Loan Income 112,325
 Investment Income 29,831
 Other Income 7,147
 Total Employee Compensation & Benefits 82,314
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 72,273
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,897
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,502
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