Jun, 30, 2024 — MID-CITIES CREDIT UNION is a non-federally insured state credit union headquartered in COMPTON, CA with 1 branch location and about $20.69 million in total assets. Opened 70 years ago in 1955, MID-CITIES CREDIT UNION has about 3,944 members and employs 4 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: | https://www.midcitiesfcu.org |
Branches: | 1 branch locations |
Members: | 3,944 |
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: | $20,689,172 |
CEO/Manager: | Edwin Morera |
Chairperson: | Floyd Knox |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,022,624 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,934,226 |
Unsecured Loans | 3,526,049 |
Other Loans | 4,624,038 |
TOTAL LOANS | 11,084,313 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -210,852 |
Land And Building | 95,805 |
Other Fixed Assets | 52,581 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 20,689,172 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 116,778 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,709,952 |
Regular shares | 13,129,946 |
All Other Shares & Deposits | 2,887,613 |
TOTAL SHARES & DEPOSITS | 18,727,511 |
TOTAL LIABILITIES | 18,844,289 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,844,883 |
TOTAL EQUITY | 1,844,883 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,689,172 |
INCOME & EXPENSE | |
Loan Income | 419,455 |
Investment Income | 71,352 |
Other Income | 120,599 |
Total Employee Compensation & Benefits | 246,367 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 481,640 |
Non-operating Income & (Expense) | 28,518 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,861 |
Cost of Funds | 8,499 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -69,259 |
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