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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |