Dec, 31, 2023 — MIDFLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in LAKELAND, FL with 65 branch locations and about $7.52 billion in total assets. Opened 70 years ago in 1954, MIDFLORIDA CREDIT UNION has about 460,195 members and employs 1,398 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: | 65 branch locations |
| Members: | 460,195 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $7,523,425,887 |
| CEO/Manager: | Steve S Moseley |
| Chairperson: | John J Upperco |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 692,304,151 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 18,144,873 |
| Real Estate Loans | 3,106,256,180 |
| Unsecured Loans | 203,350,163 |
| Other Loans | 2,611,385,897 |
| TOTAL LOANS | 5,922,585,901 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,519,705 |
| Land And Building | 199,617,745 |
| Other Fixed Assets | 32,333,962 |
| NCUSIF Deposit | 55,830,850 |
| All Other Assets | 2,736,248 |
| TOTAL ASSETS | 7,523,425,887 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 120,918 |
| Notes & Interest Payable | 280,000,000 |
| Accounts Payable & Other Liabilities | 101,215,469 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,778,000,224 |
| Regular shares | 1,407,749,635 |
| All Other Shares & Deposits | 3,241,839,465 |
| TOTAL SHARES & DEPOSITS | 6,427,589,324 |
| TOTAL LIABILITIES | 6,808,925,711 |
| Regular Reserve | 0 |
| Other Reserves | -21,473,051 |
| Undivided Earnings | 735,973,227 |
| TOTAL EQUITY | 714,500,176 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,523,425,887 |
| INCOME & EXPENSE | |
| Loan Income | 258,514,467 |
| Investment Income | 28,794,612 |
| Other Income | 47,841,604 |
| Total Employee Compensation & Benefits | 111,715,525 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 92,530,408 |
| Non-operating Income & (Expense) | 935,152 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,430,000 |
| Cost of Funds | 71,033,967 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 100,048,080 |
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