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MID-CITIES CREDIT UNION

Jun, 30, 2024 — MID-CITIES CREDIT UNION is a non-federally insured state credit union headquartered in COMPTON, CA with 1 branch location and about $20.69 million in total assets. Opened 70 years ago in 1955, MID-CITIES CREDIT UNION has about 3,944 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MID-CITIES CREDIT UNION
Address:
(Main Office)
325 S Santa Fe Ave
COMPTON, CA 90221
Phone:(310) 638-5147
Fax:(310) 638-8650
Website:https://www.midcitiesfcu.org
Branches:1 branch locations
Members:3,944
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:95073
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$20,689,172
CEO/Manager:Edwin Morera
Chairperson:Floyd Knox

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,022,624
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,934,226
 Unsecured Loans 3,526,049
 Other Loans 4,624,038
 TOTAL LOANS 11,084,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -210,852
 Land And Building 95,805
 Other Fixed Assets 52,581
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 20,689,172
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 116,778
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,709,952
 Regular shares 13,129,946
 All Other Shares & Deposits 2,887,613
  TOTAL SHARES & DEPOSITS 18,727,511
  TOTAL LIABILITIES 18,844,289
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,844,883
  TOTAL EQUITY 1,844,883
  TOTAL LIABILITIES, SHARES, & EQUITY 20,689,172
INCOME & EXPENSE  
 Loan Income 419,455
 Investment Income 71,352
 Other Income 120,599
 Total Employee Compensation & Benefits 246,367
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 481,640
 Non-operating Income & (Expense) 28,518
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 23,861
 Cost of Funds 8,499
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -69,259
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