2025-10-31T14:41:12-07:00 2024-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2024-01-01 951561268 Mid-Cities Credit Union MID- 3106385147 325 S Santa Fe Avenue Compton CA 90221 Conrad Tan President 2025-10-31 true true Richards Associates CPAs P01070543 7142876713 2024 2025-03-06 01:10:19Z Conrad Tan 325 S Santa Fe Avenue Compton CA 90221 1055969 false X N/A X 1937 CA Provided deposit and loan accounts to 3,905 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. 10 7 8 12 0 0 454140 356909 342447 489133 213678 209927 1010265 1055969 0 34992 72955 304581 362450 0 0 838009 923063 1177582 1358468 -167317 -302499 18459962 17556502 16891908 16290948 1568054 1265554 Provided deposit and loan accounts to 3,905 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false Provided deposit and loan accounts to 2,871 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 0 0 true 8 true false false false false false false false false X 10 7 false false false false true true true true true false false true false true true true false false Conrad Tan 3106385147 325 S Santa Fe Avenue Compton CA 90221 Conrad Tan CEO 40.00 0.00 X 89994 0 0 Floyd Knox Chairperson 1.00 0.00 X 0 0 0 Solomon Vernado Vice Chair 1.00 0.00 X 0 0 0 Jack Wilson Director 1.00 0.00 X 0 0 0 Alonzo Williams Director 1.00 0.00 X 0 0 0 Dr Essie French-Preston Director 1.00 0.00 X 0 0 0 Linda Broadus Miles Director 1.00 0.00 X 0 0 0 Clifford Williams Director 1.00 0.00 X 0 0 0 Delores Williams SC Chair 1.00 0.00 X 0 0 0 Yvonne Elaine Kennett SC Director 1.00 0.00 X 0 0 0 Shirley Stagg SC Member 1.00 0.00 X 0 0 0 89994 0 false false false 0 0 Interest on Loans 356909 356909 356909 489133 489133 0 0 0 0 0 0 0 Fee Income 152214 152214 Other Non-Interest Income Other Operating Income 57717 57717 -4 -4 209927 1055969 1055969 X 0 0 0 72955 89994 0 272456 0 0 0 0 0 0 0 0 0 369354 11310 197594 0 0 84420 6483 0 0 88 0 0 0 Provision for Loan Loss 128459 Misc. Non Interest Expense 56586 Loan Servicing Fees 48409 Operating Fees 24935 -4575 1358468 0 0 0 306673 424984 974027 987230 0 0 34465 26121 0 7149447 5632689 0 0 842199 684174 152614 158025 0 0 9229207 9669373 0 613529 658080 18459962 17556502 104379 279688 16787529 16011260 16891908 16290948 X 1568054 1265554 1568054 1265554 18459962 17556502 X -302499 -1 X false false false 33560 33560 561445 491826 69619 247194 192348 54846 158025 9669373 IRA/KEOGH 71983 Regular Shares 11042116 Rounding 1 Share Certificates 2650518 Share Drafts 2246642 16011260 Ellaine Kennet Supervisory Used Car X 48879 18828 false true true 18828 Form 990, Part VI, Section A, Line 6 Mid-Cities Credit Union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift and savings to its members. Mid-Cities Credit Union does not have stockholders. Form 990, Part VI, Section A, Line 7a The governing board of Mid-Cities Credit Union is comprised of volunteer members who are directly elected by its members. Each member of the governing board serves a period as prescribed by the organization's bylaws. Form 990, Part VI, Section A, Line 7b At the end of each term of the board members, elections are held and board members are voted by the members of the credit union pursuant to its by-laws. Member votes are also required to ratify decisions dealing with reorganizations in the case of a merger or dissolution. Form 990, Part VI, Section B, Line 11b The Board and management review the form 990 during the board meeting and provide comments and modifications where necessary. If a board meeting is not scheduled between the time a draft version of the return is received from our CPA, the draft version is circulated via email to each board member for their review before it is approved by management for filing. Form 990, Part VI, Section B, Line 12c All board members are required to certify their lack of any conflicts of interest on an annual basis. Form 990, Part VI, Section B, Line 15a The process for determining compensation of the only key employee, the CEO, included the review of comparative compensation data and approval by independent persons- the board of directors. Form 990, Part VI, Section C, Line 19 Monthly financial statements are posted in branch offices. Other documents are made available by request. Form 990, Part XI, Line 9 Rounding adjustment = -$1