Mar, 31, 2022 — MIDFLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in LAKELAND, FL with 59 branch locations and about $6.52 billion in total assets. Opened 68 years ago in 1954, MIDFLORIDA CREDIT UNION has about 433,752 members and employs 1,235 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: | 59 branch locations |
| Members: | 433,752 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,522,702,828 |
| CEO/Manager: | Steve S Moseley |
| Chairperson: | Kenneth J Heubusch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 656,720,550 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 13,186,316 |
| Real Estate Loans | 2,307,697,487 |
| Unsecured Loans | 145,645,642 |
| Other Loans | 2,373,345,341 |
| TOTAL LOANS | 4,828,168,159 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,528,425 |
| Land And Building | 187,087,603 |
| Other Fixed Assets | 24,252,121 |
| NCUSIF Deposit | 46,914,683 |
| All Other Assets | 1,882,487 |
| TOTAL ASSETS | 6,522,702,828 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,629,197 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 419,370,630 |
| Regular shares | 3,341,745,473 |
| All Other Shares & Deposits | 2,130,124,535 |
| TOTAL SHARES & DEPOSITS | 5,891,240,638 |
| TOTAL LIABILITIES | 5,959,869,841 |
| Regular Reserve | 0 |
| Other Reserves | -19,587,843 |
| Undivided Earnings | 582,420,830 |
| TOTAL EQUITY | 562,832,987 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,522,702,828 |
| INCOME & EXPENSE | |
| Loan Income | 40,866,603 |
| Investment Income | 2,375,841 |
| Other Income | 12,284,991 |
| Total Employee Compensation & Benefits | 24,927,376 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,796,224 |
| Non-operating Income & (Expense) | 2,160,983 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,600,000 |
| Cost of Funds | 2,818,656 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,014,188 |
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