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National Credit Union Service Organization

MIDLAND CREDIT UNION

Sep, 30, 2025 — MIDLAND CREDIT UNION is a federally insured state chartered credit union headquartered in URBANDALE, IA with 3 branch locations and about $99.66 million in total assets. Opened 93 years ago in 1933, MIDLAND CREDIT UNION has about 6,668 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MIDLAND CREDIT UNION
Address:
(Main Office)
2891 106TH ST
URBANDALE, IA 50322-3772
Phone:(515) 278-1994
Fax:(515) 278-0209
Website:https://www.midlandcu.org
Branches:3 branch locations
Members:6,668
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61918
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1933
Last Audited:Dec 01, 2024
FHLB Member:Yes
Low Income Designation:No
Assets:$99,659,312
CEO/Manager:Randy Hass
Chairperson:Frank Wimler

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,871,905
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 28,118,358
 Unsecured Loans 3,909,664
 Other Loans 30,426,855
 TOTAL LOANS 62,559,133
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -748,853
 Land And Building 1,664,505
 Other Fixed Assets 668,482
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 805,241
 All Other Assets 0
  TOTAL ASSETS 99,659,312
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 3,000,000
 Accounts Payable & Other Liabilities 1,615,737
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,313,394
 Regular shares 38,014,830
 All Other Shares & Deposits 28,503,917
  TOTAL SHARES & DEPOSITS 83,832,140
  TOTAL LIABILITIES 88,447,877
 Regular Reserve 0
 Other Reserves 6,236,400
 Undivided Earnings 4,975,035
  TOTAL EQUITY 11,211,435
  TOTAL LIABILITIES, SHARES, & EQUITY 99,659,312
INCOME & EXPENSE  
 Loan Income 3,211,581
 Investment Income 1,058,958
 Other Income 226,929
 Total Employee Compensation & Benefits 1,294,134
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 1,671,612
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 527,530
 Cost of Funds 881,866
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 678,081
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