Dec, 31, 2023 — MID AMERICAN CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 9 branch locations and about $422.72 million in total assets. Opened 88 years ago in 1936, MID AMERICAN CREDIT UNION has about 44,726 members and employs 107 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 AMERICAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 8404 W Kellogg Dr WICHITA, KS 67209-1845 |
| Phone: | (316) 722-3921 |
| Fax: | (316) 722-0920 |
| Website: | https://www.midamerican.coop |
| Branches: | 9 branch locations |
| Members: | 44,726 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65378 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $422,717,258 |
| CEO/Manager: | BRADLEY J HERZET |
| Chairperson: | REBECCA A BOUSKA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,293,260 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,964,497 |
| Unsecured Loans | 10,076,319 |
| Other Loans | 308,021,162 |
| TOTAL LOANS | 380,175,337 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,748,211 |
| Land And Building | 9,461,738 |
| Other Fixed Assets | 2,353,580 |
| NCUSIF Deposit | 3,300,700 |
| All Other Assets | 535,097 |
| TOTAL ASSETS | 422,717,258 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 26,500,000 |
| Accounts Payable & Other Liabilities | 8,434,175 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,938,608 |
| Regular shares | 81,835,465 |
| All Other Shares & Deposits | 210,161,989 |
| TOTAL SHARES & DEPOSITS | 346,936,062 |
| TOTAL LIABILITIES | 381,870,238 |
| Regular Reserve | 0 |
| Other Reserves | 2,174,132 |
| Undivided Earnings | 38,672,888 |
| TOTAL EQUITY | 40,847,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 422,717,258 |
| INCOME & EXPENSE | |
| Loan Income | 18,658,178 |
| Investment Income | 379,160 |
| Other Income | 4,126,310 |
| Total Employee Compensation & Benefits | 8,223,962 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,644,323 |
| Non-operating Income & (Expense) | -276,420 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,627,649 |
| Cost of Funds | 5,744,328 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,733,254 |
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