MIDLAND CO-OP CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.midlandcoopcu.com for more information.
Jun, 30, 2024 — 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 70 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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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