Dec, 31, 2023 — MIDWEST REGIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in KANSAS CITY, KS with 2 branch locations and about $72.06 million in total assets. Opened 86 years ago in 1938, MIDWEST REGIONAL CREDIT UNION has about 5,949 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDWEST REGIONAL CREDIT UNION |
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Address: (Main Office) | 7240 STATE AVE KANSAS CITY, KS 66112 |
Phone: | (913) 334-4200 |
Fax: | (913) 334-9672 |
Website: | https://www.mrcu.com |
Branches: | 2 branch locations |
Members: | 5,949 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60037 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $72,062,091 |
CEO/Manager: | Thad Jones |
Chairperson: | Simon Cole |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,491,255 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,992,968 |
Unsecured Loans | 916,542 |
Other Loans | 23,682,867 |
TOTAL LOANS | 35,592,377 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -271,182 |
Land And Building | 172,112 |
Other Fixed Assets | 90,503 |
NCUSIF Deposit | 671,347 |
All Other Assets | 0 |
TOTAL ASSETS | 72,062,091 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 20,644 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 562,869 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,087,976 |
Regular shares | 34,539,059 |
All Other Shares & Deposits | 13,503,423 |
TOTAL SHARES & DEPOSITS | 65,130,459 |
TOTAL LIABILITIES | 65,713,972 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,348,119 |
TOTAL EQUITY | 6,348,119 |
TOTAL LIABILITIES, SHARES, & EQUITY | 72,062,091 |
INCOME & EXPENSE | |
Loan Income | 1,655,567 |
Investment Income | 600,131 |
Other Income | 560,675 |
Total Employee Compensation & Benefits | 1,028,037 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,234,849 |
Non-operating Income & (Expense) | 162,737 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,000 |
Cost of Funds | 188,818 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 387,019 |
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