Mid American Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 480542669 ✦ Wichita, KS ✦ Designated as a 501(c)(14)

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Overview

What is Mid American Credit Union?

Mid American Credit Union is a member-focused financial institution based on the principle of providing trusted financial services. With a commitment to paying dividends on deposits, they offer various financial services and aim to serve as their members' primary financial partner. Their educational initiatives encompass both segregated partners and high school students, underscoring their dedication to fostering financial literacy.


Official website here: www.midamerican.coop

Is Mid American Credit Union legitimate?

Mid American Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mid American 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: $1,118,494
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,539,935

For more financial information, click here


Official website here: www.midamerican.coop

What is the mission statement of Mid American Credit Union?

Mid American Credit Union is committed to serving as the trusted financial home for its members. The credit union provides various financial and related services to its members and pays dividends on their deposits. Dedicated to building strong financial foundations, Mid American Credit Union offers educational programs to help both its business partners and high school students make informed financial decisions. The credit union aims to foster trust and confidence by delivering reliable financial services and putting its members' best interests at heart.


Official website here: www.midamerican.coop

Who is the CEO of Mid American Credit Union?

Bradley Herzet is the President/Ceo of Mid American Credit Union. The CEO's salary of Mid American Credit Union is $308,007 and their total compensation is $329,814.


Official website here: www.midamerican.coop

What is the revenue of Mid American Credit Union?

Mid American Credit Union's revenue in 2022 was $22,689,935.


Official website here: www.midamerican.coop

Who are the executives of Mid American Credit Union and what are their salaries?

The average compensation at Mid American Credit Union during 2022 was $40,708. There are 139 employees and 11 volunteers at Mid American Credit Union.


Here are 12 key members and their salaries (Mid American Credit Union's CEO's salary is $308,007 and their total compensation is $329,814):


Rebecca Bouska (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sherwood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Jewett (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard D Dixon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trent Cusick (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clint Lopez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Herzet (President/Ceo)
  • Compensation: $308,007
  • Related: $0
  • Other: $21,807
Kim Wheelock (Svp - Cio & Coo)
  • Compensation: $186,033
  • Related: $0
  • Other: $19,931
Michael Welli (Vp - Marketing)
  • Compensation: $156,035
  • Related: $0
  • Other: $5,175
Gregory Teter (Cfo)
  • Compensation: $172,704
  • Related: $0
  • Other: $19,924
Milton Balzer (Vp - Lending)
  • Compensation: $149,593
  • Related: $0
  • Other: $10,791
Dana Hasenkamp (Vp - Hr & Facilities)
  • Compensation: $151,833
  • Related: $0
  • Other: $6,827


Official website here: www.midamerican.coop

Where can I find the form 990 for Mid American Credit Union?

Mid American Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.midamerican.coop

Learn more at the official website: www.midamerican.coop

Mission Statement of Mid American Credit Union

Mid American Credit Union, with its mission to be a trusted financial home for its members, provides them with various financial and related services. The credit union goes beyond just offering these services; it pays dividends on member deposits, making it a reliable financial partner for its members. Mid American Credit Union's dedication to becoming a trusted financial home for its members extends to offering educational programs. These financial education services cater to both its segregated partners and high school students, empowering them with the knowledge and skills needed to make informed financial decisions. By investing in its members' financial literacy, Mid American Credit Union fosters long-term financial stability and success.

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Impact




October, 2024

Mid American Credit Union serves as a cornerstone for financial stability and growth within its community. By offering a range of financial services tailored to the needs of its members, it ensures that individuals and families have access to the resources they need to manage their finances effectively. The credit union not only pays dividends on member deposits, fostering a culture of saving and investment, but also prioritizes member education through specialized financial education programs aimed at both partners and high school students. This commitment to fostering financial literacy empowers the community and helps members make informed financial decisions. Positioned in Wichita, Kansas, Mid American Credit Union strives to be a trusted resource and a reliable partner in its members' financial journeys.




This information is meant to be a general summary of Mid American 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.

Revenue
$22,689,935 (2022)
Expenses
$19,831,004 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $138,005
  • Program Service Revenue: $22,551,930
  • Gross Receipts: $22,689,935

Assets and Liabilities:

  • Total Assets: $407,860,707
  • Total Liabilities: $367,292,865
  • Net Assets: $40,567,842

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$15,677,072

FEES & OTHER INCOME

Revenue

$6,874,858

Organization Details

Founding Year

1936

Principal Officer

Bradley Herzet

Main Address

8404 W KELLOGG DRIVE, WICHITA, KS, 672091845

NTEE Category

Code: W60 - Public benefit

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