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 |
| 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 |
| ↑ Back to Top | |