Dec, 31, 2021 — MIDFLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in LAKELAND, FL with 58 branch locations and about $6.05 billion in total assets. Opened 68 years ago in 1954, MIDFLORIDA CREDIT UNION has about 421,180 members and employs 1,257 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDFLORIDA CREDIT UNION |
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Address: (Main Office) | 129 S Kentucky Ave LAKELAND, FL 33801 |
Phone: | (863) 688-3733 |
Fax: | |
Website: | http://www.midflorida.com |
Branches: | 58 branch locations |
Members: | 421,180 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68600 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $6,049,933,825 |
CEO/Manager: | Kevin D Jones |
Chairperson: | Shirley Pellarchy |
ASSETS: | $ Amount |
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Cash & Equivalents | 549,660,561 |
TOTAL INVESTMENTS | 437,740,662 |
Loans Held for Sale | 11,103,455 |
Real Estate Loans | 2,227,327,841 |
Unsecured Loans | 149,229,843 |
Other Loans | 2,207,496,800 |
TOTAL LOANS | 4,585,583,669 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,289,922 |
Land And Building | 167,032,081 |
Other Fixed Assets | 24,731,564 |
NCUSIF Deposit | 46,914,683 |
All Other Assets | 249,457,072 |
TOTAL ASSETS | 6,049,933,825 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 50,484,687 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 384,485,384 |
Regular shares | 3,009,319,685 |
All Other Shares & Deposits | 2,043,258,747 |
TOTAL SHARES & DEPOSITS | 5,437,063,816 |
TOTAL LIABILITIES | 5,487,548,517 |
Regular Reserve | 10,923,475 |
Other Reserves | -2,101,343 |
Undivided Earnings | 553,563,176 |
TOTAL EQUITY | 562,385,308 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,049,933,825 |
INCOME & EXPENSE | |
Loan Income | 157,469,940 |
Investment Income | 9,941,116 |
Other Income | 44,924,470 |
Total Employee Compensation & Benefits | 95,301,033 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 76,271,776 |
Non-operating Income & (Expense) | 7,785,196 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -16,358,772 |
Cost of Funds | 14,353,516 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 108,814,991 |
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