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MID-CITIES CREDIT UNION

Mar, 31, 2022 — MID-CITIES CREDIT UNION is a non-federally insured state credit union headquartered in COMPTON, CA with 1 branch location and about $21.02 million in total assets. Opened 67 years ago in 1955, MID-CITIES CREDIT UNION has about 2,344 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:http://www.midcitiesfcu.org
Branches:1 branch locations
Members:2,344
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:$21,021,682
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 5,460,916
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,076,908
 Unsecured Loans 4,022,579
 Other Loans 4,773,525
 TOTAL LOANS 11,873,012
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -228,334
 Land And Building 100,214
 Other Fixed Assets 65,492
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 21,021,682
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,199
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,573,915
 Regular shares 13,525,019
 All Other Shares & Deposits 3,016,181
  TOTAL SHARES & DEPOSITS 19,115,115
  TOTAL LIABILITIES 19,132,314
 Regular Reserve 0
 Other Reserves 1,095,286
 Undivided Earnings 794,082
  TOTAL EQUITY 1,889,368
  TOTAL LIABILITIES, SHARES, & EQUITY 21,021,682
INCOME & EXPENSE  
 Loan Income 131,905
 Investment Income 1,249
 Other Income 41,758
 Total Employee Compensation & Benefits 85,491
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 157,174
 Non-operating Income & (Expense) 28,518
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,757
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -24,776
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