Dec, 31, 2021 — MID-CITIES CREDIT UNION is a non-federally insured state credit union headquartered in COMPTON, CA with 1 branch location and about $20.13 million in total assets. Opened 67 years ago in 1955, MID-CITIES CREDIT UNION has about 4,000 members and employs 6 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: | 4,000 |
| 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: | $20,128,949 |
| CEO/Manager: | Ray Harrison |
| Chairperson: | Floyd Knox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,355,280 |
| TOTAL INVESTMENTS | 29,074 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,190,195 |
| Unsecured Loans | 3,599,772 |
| Other Loans | 4,359,290 |
| TOTAL LOANS | 11,149,257 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -264,487 |
| Land And Building | 102,419 |
| Other Fixed Assets | 34,966 |
| NCUSIF Deposit | 0 |
| All Other Assets | 722,440 |
| TOTAL ASSETS | 20,128,949 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,497,244 |
| Regular shares | 12,624,228 |
| All Other Shares & Deposits | 3,057,041 |
| TOTAL SHARES & DEPOSITS | 18,178,513 |
| TOTAL LIABILITIES | 18,214,804 |
| Regular Reserve | 1,095,287 |
| Other Reserves | 0 |
| Undivided Earnings | 818,858 |
| TOTAL EQUITY | 1,914,145 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,128,949 |
| INCOME & EXPENSE | |
| Loan Income | 682,307 |
| Investment Income | 6,203 |
| Other Income | 175,364 |
| Total Employee Compensation & Benefits | 381,216 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 779,077 |
| Non-operating Income & (Expense) | -12,516 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 13,952 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -198,572 |
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