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MIDWEST MEMBERS CREDIT UNION

Dec, 31, 2023 — MIDWEST MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in WOOD RIVER, IL with 3 branch locations and about $195.24 million in total assets. Opened 89 years ago in 1935, MIDWEST MEMBERS CREDIT UNION has about 19,978 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 281077603
Name:MIDWEST MEMBERS CREDIT UNION
Address:
(Main Office)
101 Wesley Dr.
WOOD RIVER, IL 62095
Phone:(618) 254-0605
Fax:(618) 254-9219
Website:https://www.midmembers.org
Branches:3 branch locations
Members:19,978
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68684
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$195,240,766
CEO/Manager:Louis Bicanic
Chairperson:Gerard Jacquin

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,365,002
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,997,885
 Unsecured Loans 7,952,351
 Other Loans 122,791,614
 TOTAL LOANS 151,741,850
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -702,430
 Land And Building 4,379,985
 Other Fixed Assets 304,939
 NCUSIF Deposit 1,764,623
 All Other Assets 0
  TOTAL ASSETS 195,240,766
LIABILITIES & CAPITAL:  
 Dividends Payable 42,850
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,337,618
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,579,164
 Regular shares 79,262,770
 All Other Shares & Deposits 58,384,476
  TOTAL SHARES & DEPOSITS 173,226,411
  TOTAL LIABILITIES 175,606,879
 Regular Reserve 0
 Other Reserves -1,689,969
 Undivided Earnings 21,323,856
  TOTAL EQUITY 19,633,887
  TOTAL LIABILITIES, SHARES, & EQUITY 195,240,766
INCOME & EXPENSE  
 Loan Income 6,504,261
 Investment Income 989,440
 Other Income 1,385,439
 Total Employee Compensation & Benefits 2,693,062
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,464,839
 Non-operating Income & (Expense) -3,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 420,225
 Cost of Funds 1,088,396
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,840,734
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