Sep, 30, 2021 — MIDFLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in Lakeland, FL with 58 branch locations and about $5.97 billion in total assets. Opened 68 years ago in 1954, MIDFLORIDA CREDIT UNION has about 408,164 members and employs 1,196 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 |
|---|---|
| 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: | 408,164 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68600 |
|---|---|
| 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: | $5,970,751,525 |
| CEO/Manager: | Kevin D Jones |
| Chairperson: | Shirley Pellarchy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 767,387,771 |
| TOTAL INVESTMENTS | 393,847,450 |
| Loans Held for Sale | 7,870,114 |
| Real Estate Loans | 2,158,485,224 |
| Unsecured Loans | 145,199,154 |
| Other Loans | 1,991,366,281 |
| TOTAL LOANS | 4,296,783,868 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,054,862 |
| Land And Building | 153,969,083 |
| Other Fixed Assets | 33,930,818 |
| NCUSIF Deposit | 41,587,300 |
| All Other Assets | 320,429,983 |
| TOTAL ASSETS | 5,970,751,525 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 59,452,524 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 361,342,175 |
| Regular shares | 3,008,844,207 |
| All Other Shares & Deposits | 2,030,322,333 |
| TOTAL SHARES & DEPOSITS | 5,400,508,715 |
| TOTAL LIABILITIES | 5,459,961,245 |
| Regular Reserve | 10,923,475 |
| Other Reserves | -7,611,470 |
| Undivided Earnings | 507,478,275 |
| TOTAL EQUITY | 510,790,280 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,970,751,525 |
| INCOME & EXPENSE | |
| Loan Income | 117,178,383 |
| Investment Income | 7,242,752 |
| Other Income | 32,646,731 |
| Total Employee Compensation & Benefits | 71,319,800 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 54,858,857 |
| Non-operating Income & (Expense) | 6,239,412 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,266,116 |
| Cost of Funds | 11,233,366 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,604,600 |
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