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MID-CITIES CREDIT UNION

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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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