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MID AMERICAN CREDIT UNION

Jun, 30, 2021 — MID AMERICAN CREDIT UNION is a federally insured state chartered credit union headquartered in Wichita, KS with 8 branch locations and about $362.80 million in total assets. Opened 85 years ago in 1936, MID AMERICAN CREDIT UNION has about 42,194 members and employs 101 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 301180124
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:http://www.midamerican.coop
Branches:8 branch locations
Members:42,194
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$362,797,077
CEO/Manager:BRADLEY J HERZET
Chairperson:REBECCA A BOUSKA

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,077,192
TOTAL INVESTMENTS 14,173,721
Loans Held for Sale 3,482,212
 
 Real Estate Loans 47,156,995
 Unsecured Loans 7,540,192
 Other Loans 263,306,067
 TOTAL LOANS 319,231,722
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,761,018
 Land And Building 9,437,291
 Other Fixed Assets 3,185,745
 NCUSIF Deposit 2,767,845
 All Other Assets 8,202,367
  TOTAL ASSETS 362,797,077
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 28,103,572
 Accounts Payable & Other Liabilities 6,039,855
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 52,186,459
 Regular shares 84,479,800
 All Other Shares & Deposits 156,578,631
  TOTAL SHARES & DEPOSITS 293,244,890
  TOTAL LIABILITIES 327,388,317
 Regular Reserve 3,427,096
 Other Reserves 2,174,132
 Undivided Earnings 29,807,532
  TOTAL EQUITY 35,408,760
  TOTAL LIABILITIES, SHARES, & EQUITY 362,797,077
INCOME & EXPENSE  
 Loan Income 7,164,973
 Investment Income 30,963
 Other Income 1,937,170
 Total Employee Compensation & Benefits 4,297,889
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,819,084
 Non-operating Income & (Expense) -77,560
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -223,883
 Cost of Funds 1,368,175
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,926,195
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