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 |
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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 |
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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 |
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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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