Dec, 31, 2022 — MID AMERICAN CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 8 branch locations and about $408.05 million in total assets. Opened 87 years ago in 1936, MID AMERICAN CREDIT UNION has about 44,322 members and employs 102 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 AMERICAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 8404 W Kellogg Dr WICHITA, KS 67209-1845 |
| Phone: | (316) 722-3921 |
| Fax: | (316) 722-0920 |
| Website: | https://www.midamerican.coop |
| Branches: | 8 branch locations |
| Members: | 44,322 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65378 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $408,050,328 |
| CEO/Manager: | BRADLEY J HERZET |
| Chairperson: | REBECCA A BOUSKA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,692,102 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 214,058 |
| Real Estate Loans | 52,869,610 |
| Unsecured Loans | 8,404,924 |
| Other Loans | 301,798,998 |
| TOTAL LOANS | 364,143,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,298,628 |
| Land And Building | 9,135,483 |
| Other Fixed Assets | 2,802,834 |
| NCUSIF Deposit | 2,881,071 |
| All Other Assets | 719,501 |
| TOTAL ASSETS | 408,050,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 24,500,000 |
| Accounts Payable & Other Liabilities | 6,158,943 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,227,550 |
| Regular shares | 93,643,710 |
| All Other Shares & Deposits | 188,728,312 |
| TOTAL SHARES & DEPOSITS | 337,599,572 |
| TOTAL LIABILITIES | 368,258,515 |
| Regular Reserve | 0 |
| Other Reserves | 2,174,132 |
| Undivided Earnings | 37,617,681 |
| TOTAL EQUITY | 39,791,813 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 408,050,328 |
| INCOME & EXPENSE | |
| Loan Income | 11,484,221 |
| Investment Income | 72,058 |
| Other Income | 3,165,639 |
| Total Employee Compensation & Benefits | 5,285,420 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,450,232 |
| Non-operating Income & (Expense) | -120,321 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 802,988 |
| Cost of Funds | 1,785,045 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,082,903 |
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