Featured Savings Rates
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Mid-Cities Financial Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.45%1-year CD12 Month CD
0.05%SavingsRegular Shares
0.50%CheckingChecking Account

Overview / Commentary
310-638-5147
325 S Santa Fe Ave
Compton, CA 90221

Mid-Cities Financial Credit Union is headquartered in Compton and is the 257th largest credit union in the state of California. It is also the 3,407th largest credit union in the nation. It was established in 1955 and as of December of 2016, it had grown to 12 employees and 4,801 members at 2 locations. Mid-Cities Financial Credit Union has a C health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in the cities of Compton, Paramount, Carson, Bellflower, Norwalk, Lynwood and North Long Beach (zip code 90805). Membership is also open to employees of Lynwood Unified School District, Compton Unified School District, California State University Dominguez Hills, Paramount Unified School District, El Camino College Compton Center, Charles R Drew University of Medicine & Science.
See current membership details

Reviews (1)

Personal Loan

Posted by: Anonymous | Apr 18, 2012

I recently applied for A Tax Loan Mid Cities offered to help member whom owe on Taxes. The loan was denied because I had a negative credit report, which has recently declined from almost 700 to 630 because I am making payment to Franchise and Federal Taxes. The total is $4,000. So I thought if I paid the taxes I would have $400.00 to pay other bills. Is it not understood if we owe taxes you know that your credit isn't perfect? It's like they dangle a carrot in front of your face but you will never get it.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Mid-Cities Financial Credit Union has a low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #95073
Year Chartered1955
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD-8.54%
Return on Equity - YTD-60.3%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$20.4MM$22.1MM
LoansQ4 2016vs Q4 2015$14.0MM$13.9MM
DepositsQ4 2016vs Q4 2015$17.4MM$17.3MM
Equity CapitalQ4 2016vs Q4 2015$3.0MM$4.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.2MM$495.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$508.00K$709.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mid-Cities Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%--IRA Share
0.45%--Roth IRA Share
0.05%--Regular Shares

Mid-Cities Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Checking Account
OTHER TIERS: 0.05% $100 - $10k

Mid-Cities Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-18 Month CD
0.45%$500-12 Month CD
0.30%$500-6 Month CD

Mid-Cities Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-18 Month IRA
0.45%$500-12 Month IRA
0.35%$500-6 Month IRA
Locations


Mid-Cities Financial Credit Union Locations
Branch Office325 S Santa Fe AveCompton, CA 90221
Branch Office727 Kingshill PlCarson, CA 90746-1223