Jun, 30, 2023 — 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 |
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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 |
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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 |
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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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