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National Credit Union Service Organization

MID AMERICAN CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for MID AMERICAN CREDIT UNION as of: June 30, 2023.
Charter Number: 65378

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,372,153
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 7,319,949
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 0
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 939,228
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 214,058
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 364,143,273
 17. Less: Allowance for Loan & Lease Losses 1,298,628
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 719,501
 20. Land and Building 9,135,483
 21. Other Fixed Assets 2,802,834
 22. NCUA Share Insurance Capitalization Deposit 2,881,071
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 408,050,328
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 24,500,000
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 24,500,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 6,158,943
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 55,227,550
 12. Regular Shares 93,643,710
 13. Money Market Shares 32,712,898
 14. Share Certificates 99,010,312
 15. IRA/KEOGH Accounts 19,671,227
 16. All Other Shares 0
 17. TOTAL SHARES 300,265,697
 18. Nonmember Deposits 37,333,875
 19. TOTAL SHARES AND DEPOSITS 337,599,572
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 117,430,238
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 5,925,736
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 7,083,203
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 235,163
EQUITY:  
 33. Undivided Earnings 37,617,681
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 2,174,132
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 0
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 408,050,328
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 11,484,221
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 72,058
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 11,556,279
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,466,311
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 318,734
 9. TOTAL INTEREST EXPENSE 1,785,045
 10. Provision for Loan & Lease Losses 802,988
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 3,165,639
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -120,321
 21. TOTAL NON-INTEREST INCOME 4,850,309
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 5,285,420
 23. Travel and Conference Expense 235,424
 24. Office Occupancy Expense 826,584
 25. Office Operations Expense 3,716,121
 26. Educational and Promotional Expenses 424,340
 27. Loan Servicing Expense 719,972
 28. Professional and Outside Services 375,966
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 42,188
 31. Miscellaneous Operating Expenses 109,637
 32. TOTAL NON-INTEREST EXPENSE 11,735,652
33. NET INCOME (LOSS) 2,082,903
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans10.873,196$4,587,407
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans12.431,328$3,817,517
 5. New Vehicle Loans4.202,930$71,504,675
 6. Used Vehicle Loans5.7013,285$211,941,427
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit7.131,704$17,503,120
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.33377$35,019,828
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.31195$5,877,721
 11. All Other Real Estate Loans/Lines of Credit6.2371$1,069,741
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.0128$11,972,061
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.0980$849,776
 14. TOTAL LOANS & LEASES23,194$364,143,273
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date6,253$151,563,713
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff302$4,009,983
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0
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