Dec, 31, 2022 — MIDFLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in LAKELAND, FL with 61 branch locations and about $6.69 billion in total assets. Opened 69 years ago in 1954, MIDFLORIDA CREDIT UNION has about 453,228 members and employs 1,328 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: | https://www.midflorida.com |
| Branches: | 61 branch locations |
| Members: | 453,228 |
| 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: | $6,690,856,154 |
| CEO/Manager: | Steve S Moseley |
| Chairperson: | Kenneth J Heubusch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 424,065,580 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,213,260 |
| Real Estate Loans | 2,568,756,044 |
| Unsecured Loans | 171,548,692 |
| Other Loans | 2,564,808,177 |
| TOTAL LOANS | 5,306,433,262 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,367,473 |
| Land And Building | 191,341,705 |
| Other Fixed Assets | 21,846,340 |
| NCUSIF Deposit | 53,553,547 |
| All Other Assets | 1,843,199 |
| TOTAL ASSETS | 6,690,856,154 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 225 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 73,967,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 412,585,492 |
| Regular shares | 3,485,548,069 |
| All Other Shares & Deposits | 2,138,163,163 |
| TOTAL SHARES & DEPOSITS | 6,036,296,724 |
| TOTAL LIABILITIES | 6,110,264,026 |
| Regular Reserve | 0 |
| Other Reserves | -46,181,010 |
| Undivided Earnings | 626,773,138 |
| TOTAL EQUITY | 580,592,128 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,690,856,154 |
| INCOME & EXPENSE | |
| Loan Income | 132,535,309 |
| Investment Income | 11,020,993 |
| Other Income | 38,758,959 |
| Total Employee Compensation & Benefits | 77,549,602 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 64,599,399 |
| Non-operating Income & (Expense) | 3,371,522 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,500,000 |
| Cost of Funds | 8,728,719 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,480,626 |
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