Overview
What is Midland Credit Union?
Midland Credit Union is a nonprofit financial institution situated in Urbana, Iowa, specifically at 2891 106th Street. With a focus on people helping people, the credit union offers its members a range of services, such as share draft-checking accounts, savings and certificate accounts, and consumer and mortgage loans. During the 2022 tax year, they served approximately 4,748 members, demonstrating their commitment to their community. The credit union is known for providing low-cost loans, shares, and share drafts, as well as offering certificates of deposit with rates higher than those offered by banks. Their mission is to serve their members effectively, making financial services more accessible and affordable for their community.
Official website here: www.midlandcu.org
What do the Facebook reviews say about Midland Credit Union?
84% of the reviews on Facebook recommend Midland Credit Union. Here’s a summary of their comments:
Many users appreciate the personalized service they receive, highlighting how staff members recognize them and their families, which creates a welcoming atmosphere. The focus on customer care is evident, with several commenters expressing satisfaction with the immediate assistance provided upon arrival.
Overall, it seems that Midland Credit Union excels in building strong relationships with its members, making them feel valued and understood, which contributes to a highly recommended experience.
This AI summary has been generated from reviews found on Facebook.
Is Midland Credit Union legitimate?
Midland Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midland Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $312,744
Professional Fundraising Fees: $0
Other Salaries and Wages: $710,972
For more financial information, click here
Official website here: www.midlandcu.org
What is the mission statement of Midland Credit Union?
Midland Credit Union's mission, as stated, revolves around the concept of "People Helping People." This mission is carried out through the provision of low-cost loans, shares, and share drafts, as well as certificates of deposit with interest rates exceeding those offered by banks. This approach aims to make financial services more accessible and affordable for its members. The credit union also offers various services, including share draft-checking accounts, savings and certificate accounts, and consumer and mortgage loans. During the 2022 tax year, they served approximately 4,748 members.
Official website here: www.midlandcu.org
Who is the CEO of Midland Credit Union?
Mindy Cooper is the Chair of Midland Credit Union. The CEO's salary of Midland Credit Union is $160,661 and their total compensation is $179,564.
Official website here: www.midlandcu.org
What is the revenue of Midland Credit Union?
Midland Credit Union's revenue in 2022 was $3,470,213.
Official website here: www.midlandcu.org
Who are the executives of Midland Credit Union and what are their salaries?
The average compensation at Midland Credit Union during 2022 was $48,748. There are 21 employees at Midland Credit Union.
Here are 11 key members and their salaries (Midland Credit Union's CEO's salary is $160,661 and their total compensation is $179,564):
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- Compensation: $160,661
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- Other: $18,903
- Compensation: $115,444
- Related: $0
- Other: $17,737
Official website here: www.midlandcu.org
Where can I find the form 990 for Midland Credit Union?
Midland Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandcu.org
Learn more at the official website: www.midlandcu.org
Mission Statement of Midland Credit Union
Midland Credit Union, with its mission rooted in the philosophy of "People Helping People," is committed to providing its members with affordable loan options, share drafts, and certificates of deposit, offering interest rates that surpass those of traditional banks. This nonprofit organization's primary goal is to assist its members in financial management, ensuring they have access to low-cost services that cater to their savings and borrowing needs. By offering these financial solutions at a reduced cost, Midland Credit Union aims to empower its members and contribute to their financial well-being.
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Impact
October, 2024
Midland Credit Union significantly impacts its community by providing essential financial services aimed at fostering economic well-being. By offering low-cost loans, affordable share accounts, and competitive certificate deposit rates, it ensures that financial resources are accessible to its members. In the 2022 tax year alone, Midland Credit Union served approximately 4,748 members, helping them manage their finances through share draft-checking accounts, savings, and mortgage loans.
The organization's commitment to the principle of "people helping people" resonates throughout its operations, creating a supportive community environment. With a mission focused on public benefit, Midland Credit Union empowers individuals and families in Urbandale, Iowa, promoting financial stability and enhancing overall quality of life.
This information is meant to be a general summary of Midland Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $278,735
- Program Service Revenue: $3,168,630
- Gross Receipts: $3,470,213
Assets and Liabilities:
- Total Assets: $76,091,305
- Total Liabilities: $68,317,220
- Net Assets: $7,774,085
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,299,663
CREDIT CARD FEES
Revenue
$463,864
NSF CHARGES
Revenue
$164,898
DEBT PROTECTION
Revenue
$117,038
SERVICE FEES
Revenue
$97,735
Organization Details
Founding Year
1933
Phone
(515) 278-1994Principal Officer
Mindy Cooper
Main Address
2891 106TH STREET, URBANDALE, IA, 50322
Website
www.midlandcu.orgNTEE Category
Code: W60 - Public benefit
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