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MID-CITIES CREDIT UNION

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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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