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MIDWAY FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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