Jun, 30, 2021 — MID-CITIES CREDIT UNION is a non-federally insured state credit union headquartered in COMPTON, CA with 1 branch location and about $21.73 million in total assets. Opened 66 years ago in 1955, MID-CITIES CREDIT UNION has about 4,028 members and employs 5 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: | 4,028 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,734,233 |
| CEO/Manager: | Edwin Morera |
| Chairperson: | Floyd Knox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,421,310 |
| TOTAL INVESTMENTS | 277,074 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,717,448 |
| Unsecured Loans | 4,369,396 |
| Other Loans | 5,332,877 |
| TOTAL LOANS | 13,419,721 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -312,155 |
| Land And Building | 81,894 |
| Other Fixed Assets | 51,096 |
| NCUSIF Deposit | 0 |
| All Other Assets | 795,293 |
| TOTAL ASSETS | 21,734,233 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,621 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,359,503 |
| Regular shares | 13,057,464 |
| All Other Shares & Deposits | 3,191,727 |
| TOTAL SHARES & DEPOSITS | 19,608,694 |
| TOTAL LIABILITIES | 19,677,315 |
| Regular Reserve | 1,095,286 |
| Other Reserves | 0 |
| Undivided Earnings | 961,632 |
| TOTAL EQUITY | 2,056,918 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,734,233 |
| INCOME & EXPENSE | |
| Loan Income | 374,762 |
| Investment Income | 4,223 |
| Other Income | 85,529 |
| Total Employee Compensation & Benefits | 185,088 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 369,928 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,639 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -55,797 |
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