Mid American Credit Union

Mid American Credit Union Overview

Mid American Credit Union is located in Wichita, KS. The organization was established in 1980. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Mid American Credit Union employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid American Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2020, Mid American Credit Union generated $21.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $19.5m during the year ending 12/2020. While expenses have increased by 5.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO BE OUR MEMBERS TRUSTED FINANCIAL HOME. MUTUAL MEMBERSHIP BENEFIT PROGRAMS PROVIDING FINANCIAL RELATED SERVICES TO 40,917 MEMBERS AND BEING A SOURCE OF CREDIT FOR OVER 22,000 MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED FINANCIAL RELATED SERVICES FOR 40,917 MEMBERS (64,017 ACCOUNTS)


PROVIDE SOURCE OF CREDIT TO APPROXIMATELY 40,917 MEMBERS AT A REASONABLE RATE (22,048 ACCOUNTS).


PROVIDED FINANCIAL SERVICES EDUCATION TO APPROXIMATELY 0 HIGH SCHOOL STUDENTS THROUGH A REALITY STORE PROGRAM AND PROVIDED FINANCIAL SERVICES EDUCATION TO APPROXIMATELY 483 CREDIT UNION AND NON CREDIT UNION INDIVIDUALS.


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Mid American Credit Union Board, Officers & Key Employees

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$20,527,623
Investment income $913,086
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,440,709

Mid American Credit Union Peer Organizations

Organization NameAssets
Weokie Federal Credit Union
Oklahoma City, OK
$42,986,888
Golden Plains Credit Union
Garden City, KS
$39,065,233
Credit Union Of Denver
Lakewood, CO
$40,489,630
True Sky Credit Union
Oklahoma City, OK
$31,459,192
Oklahoma Central Credit Union
Tulsa, OK
$29,411,171
Oklahomas Credit Union
Oklahoma City, OK
$32,680,789
Azura Credit Union
Topeka, KS
$29,147,965
Partner Colorado Credit Union
Arvada, CO
$29,113,712
Liberty First Credit Union
Lincoln, NE
$24,765,581
Heartland Credit Union
Hutchinson, KS
$20,614,936
Mid American Credit Union
Wichita, KS
$21,440,709
Sooper Credit Union
Arvada, CO
$22,607,217

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