Civic Intelligence

MID-Cities Financial Credit Union

EIN 95-1561268 • 501(c)14 • Compton, CA

Profile

A cooperative organized for the purpose of promoting thrift and savingsa among its members.

325 S Santa Fe AvenueCompton, CA 90221

www.midcitiescu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.93x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

15.43x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

7th percentile

-29%

Higher net margin than 7% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$89,994

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

Down

$17,556,502

Down $1,136,611 (-6.1%) from 2019

Liabilities

Down

$16,290,948

Down $227,616 (-1.4%) from 2019

Net Assets

Down

$1,265,554

Down $908,995 (-42%) from 2019

Revenue

Down

$1,055,969

Down $197,518 (-16%) from 2019

Expenses

Up

$1,358,468

Up $188,995 (+16%) from 2019

Net Income

Down

-$302,499

Down $386,513 (-460%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $24,114,095Liabilities 2010: $18,965,911Net Assets 2010: $5,148,1842010Assets 2011: $23,418,948Liabilities 2011: $18,511,032Net Assets 2011: $4,907,9162011Assets 2012: $23,423,494Liabilities 2012: $18,299,681Net Assets 2012: $5,123,8132012Assets 2013: $22,313,079Liabilities 2013: $17,331,293Net Assets 2013: $4,981,7862013Assets 2014: $22,573,437Liabilities 2014: $17,911,774Net Assets 2014: $4,661,6632014Assets 2015: $22,087,731Liabilities 2015: $17,358,596Net Assets 2015: $4,729,1352015Assets 2016: $20,417,540Liabilities 2016: $17,460,937Net Assets 2016: $2,956,6032016Assets 2017: $19,770,045Liabilities 2017: $17,842,135Net Assets 2017: $1,927,9102017Assets 2018: $19,275,443Liabilities 2018: $17,237,707Net Assets 2018: $2,037,7362018Assets 2019: $18,693,113Liabilities 2019: $16,518,564Net Assets 2019: $2,174,5492019Assets 2024: $17,556,502Liabilities 2024: $16,290,948Net Assets 2024: $1,265,5542024

Highlighted filing

2024

Assets$17,556,502
Liabilities$16,290,948
Net Assets$1,265,554

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,093,4432010Expenses 2011: $1,913,3272011Expenses 2012: $1,521,4222012Revenue 2013: $1,701,112Expenses 2013: $1,689,362Net Income 2013: $11,7502013Revenue 2014: $2,114,277Expenses 2014: $2,548,278Net Income 2014: -$434,0012014Revenue 2015: $1,993,808Expenses 2015: $1,954,663Net Income 2015: $39,1452015Revenue 2016: $1,730,897Expenses 2016: $3,543,009Net Income 2016: -$1,812,1122016Revenue 2017: $1,510,652Expenses 2017: $2,539,345Net Income 2017: -$1,028,6932017Revenue 2018: $1,331,024Expenses 2018: $1,221,197Net Income 2018: $109,8272018Revenue 2019: $1,253,487Expenses 2019: $1,169,473Net Income 2019: $84,0142019Revenue 2024: $1,055,969Expenses 2024: $1,358,468Net Income 2024: -$302,4992024

Highlighted filing

2024

Revenue$1,055,969
Expenses$1,358,468
Net Income-$302,499

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 31, 2025
Return Version
2024v5.2
Gross Receipts
$1,055,969
Mission and Program Overview

Mission

A cooperative organized for the purpose of promoting thrift and savingsa among its members.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,229,207$9,669,373▲ $440,166
Other Notes and Loans Receivable, Net$7,149,447$5,632,689▼ $1,516,758
Rtn Earn Endowment Incm Other Fnds$1,568,054$1,265,554▼ $302,500
Savings and Temporary Cash Investments$974,027$987,230▲ $13,203
Cash and Non-Interest-Bearing Accounts$306,673$424,984▲ $118,311
Land, Buildings, and Equipment, Net$152,614$158,025▲ $5,411
Receivables From Officers Etc$34,465$26,121▼ $8,344
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$18,459,962$17,556,502▼ $903,460
Other Assets Total$613,529$658,080▲ $44,551
Liabilities
Other Liabilities$16,787,529$16,011,260▼ $776,269
Accounts Payable and Accrued Expenses$104,379$279,688▲ $175,309
Total Liabilities$16,891,908$16,290,948▼ $600,960
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,568,054$1,265,554▼ $302,500
Total Liabilities and Net Assets / Fund Balance$18,459,962$17,556,502▼ $903,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$69,619$491,826$561,445
Other Land Buildings$54,846$192,348$247,194
Land$33,560-$33,560
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Conrad TanCEOFT$89,994$89,994

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$356,909
Investment Income
$489,133
Other Revenue
$209,927
Change in Net Assets
$-302,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$923,063
Salaries, Compensation, and Employee Benefits$362,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$369,354
Other Salaries and Wages---$272,456
Office Expenses---$197,594
Current Officers, Directors, Trustees, and Key Employees---$89,994
Occupancy---$84,420
Benefits to Members---$72,955
Other Expenses---$24,935
Advertising---$11,310
Travel---$6,483
Interest---$88
All Other Expenses---$-4,575
Total Functional Expenses$0$0$0$1,358,468
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$34,465$26,121▼ $8,344
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$11,042,116
Share Certificates$2,650,518
Share Drafts$2,246,642
Ira/keogh$71,983
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Mid-Cities Credit Union
EIN
95-1561268
Phone
3106385147
Address
325 S Santa Fe Avenue, Compton, CA 90221

Signing Officer

Name
Conrad Tan
Title
President
Signed
2025-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Conrad Tan
Formed
1937
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
7
Employees
8
Volunteers
12

Preparer

Firm
Richards & Associates
Address
21520 YORBA LINDA BLVD G-516, YORBA LINDA, CA 92887
Preparer
Richards Associates CPAs
Phone
7142876713
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding adjustment = -$1

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IRS990/OtherRevenueMiscGrp/Desc1Other Non-Interest Income
IRS990/OtherRevenueMiscGrp/Desc2Other Operating Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0152214
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt157717
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0152214
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt157717
IRS990/OtherRevenueTotalAmt0209927
IRS990/OtherSalariesAndWagesGrp/TotalAmt0272456
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07149447
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05632689
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Conrad Tan
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356909
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt034992
IRS990/PYInvestmentIncomeAmt0342447
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0838009
IRS990/PYOtherRevenueAmt0213678
IRS990/PYProgramServiceRevenueAmt0454140
IRS990/PYRevenuesLessExpensesAmt0-167317
IRS990/PYSalariesCompEmpBnftPaidAmt0304581
IRS990/PYTotalExpensesAmt01177582
IRS990/PYTotalRevenueAmt01010265
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt034465
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt026121
IRS990/ReconcilationRevenueExpnssAmt0-302499
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01568054
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01265554
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0974027
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0987230
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt069619
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0491826
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0561445
IRS990ScheduleD/LandGrp/BookValueAmt033560
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt033560
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054846
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0192348
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0247194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt071983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111042116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32650518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42246642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IRA/KEOGH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Regular Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Share Certificates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Share Drafts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158025
IRS990ScheduleD/TotalBookValueProgramRltdAmt09669373
IRS990ScheduleD/TotalLiabilityAmt016011260
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt018828
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Used Car
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt048879
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Ellaine Kennet
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Supervisory
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt018828
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mid-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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All board members are required to certify their lack of any conflicts of interest on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Monthly financial statements are posted in branch offices. Other documents are made available by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Rounding adjustment = -$1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018459962
IRS990/TotalAssetsEOYAmt017556502
IRS990/TotalAssetsGrp/BOYAmt018459962
IRS990/TotalAssetsGrp/EOYAmt017556502
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01358468
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016891908
IRS990/TotalLiabilitiesEOYAmt016290948
IRS990/TotalLiabilitiesGrp/BOYAmt016891908
IRS990/TotalLiabilitiesGrp/EOYAmt016290948
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01568054
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01265554
IRS990/TotalProgramServiceRevenueAmt0356909
IRS990/TotalReportableCompFromOrgAmt089994
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01055969
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01055969
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018459962
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017556502
IRS990/TravelGrp/TotalAmt06483
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0325 S Santa Fe Avenue
IRS990/USAddress/CityNm0Compton
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090221
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Conrad Tan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mid-Cities Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0951561268
ReturnHeader/Filer/PhoneNum03106385147
ReturnHeader/Filer/USAddress/AddressLine1Txt0325 S Santa Fe Avenue

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