Dec, 31, 2023 — MIDWAY FEDERAL CREDIT UNION is a federal credit union headquartered in WINCHESTER, VA with 2 branch locations and about $11.17 million in total assets. Opened 63 years ago in 1961, MIDWAY FEDERAL CREDIT UNION has about 865 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: | MIDWAY FEDERAL CREDIT UNION |
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Address: (Main Office) | 158 Front Royal Pike Ste 101 WINCHESTER, VA 22602 |
Phone: | (540) 686-7637 |
Fax: | (540) 686-7389 |
Website: | https://www.midwayfcu.org |
Branches: | 2 branch locations |
Members: | 865 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14408 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,171,307 |
CEO/Manager: | Julie Malone |
Chairperson: | Keith Farrell |
ASSETS: | $ Amount |
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Cash & Equivalents | 287,328 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 597,837 |
Unsecured Loans | 328,155 |
Other Loans | 2,890,429 |
TOTAL LOANS | 3,816,421 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,634 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 99,568 |
All Other Assets | 0 |
TOTAL ASSETS | 11,171,307 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 51 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,109 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,234,096 |
All Other Shares & Deposits | 5,373,022 |
TOTAL SHARES & DEPOSITS | 9,607,118 |
TOTAL LIABILITIES | 9,636,278 |
Regular Reserve | 0 |
Other Reserves | -759,142 |
Undivided Earnings | 2,294,171 |
TOTAL EQUITY | 1,535,029 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,171,307 |
INCOME & EXPENSE | |
Loan Income | 240,033 |
Investment Income | 185,660 |
Other Income | 2,475 |
Total Employee Compensation & Benefits | 187,860 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 100,702 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,919 |
Cost of Funds | 112,770 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 30,115 |
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