President & Chairman Message
As we reflect on 2025, I am pleased to share the continued progress and financial strength of your credit union. Thanks to your trust and engagement, we closed 2025 with $253.4 million in total assets, reinforcing our position as a strong, stable, and member-focused financial cooperative.
Our mission remains clear and unchanged: to meet our members’ needs, wherever they are. This mission guides our decisions, investments, and long-term strategy as we work to support your financial goals and strengthen the communities we serve.
Financial Performance
The financial results presented below highlight a year of solid performance and meaningful improvement over 2024.
- Total assets increased 3.80%, growing from $244.2 million to $253.4 million, reflecting steady, responsible growth.
- Loans grew to $178.4 million, a 2.71% increase, as we continued to meet member borrowing needs while maintaining disciplined underwriting standards.
- Member shares totaled $234 million, up 2.71%, demonstrating continued confidence in your credit union.
- Undivided earnings rose 23.62% to $16.4 million, strengthening our capital position and long-term resilience.
- Net income after dividends increased significantly to $1.87 million, compared to $364 thousand in 2024, driven by strong income growth and prudent expense management.
Equally important, we maintained a solid balance sheet with healthy liquidity, strong reserves, and careful risk management—ensuring your deposits remain safe and your credit union remains well positioned for the future.
Serving Members Today—and Tomorrow
Beyond the numbers, 2025 was about continuing to improve how we serve you. We remained focused on delivering convenient access, responsive service, and secure banking—whether you engage with us in person, online, or through digital channels. Our team’s commitment to personalized, member-focused service remains one of our greatest strengths.
Looking Ahead
As we look forward, we will continue to emphasize safe, sound growth, competitive products, and thoughtful investments in technology and people. Our goal is simple: to ensure your credit union remains strong, relevant, and well positioned to serve current and future generations of members.
On behalf of our employees, volunteers, and Board of Directors, thank you for your continued trust and loyalty. We are honored to serve you and look forward to another successful year together.
Sincerely, Josh Koenig, President/CEO Robert Florence, Board Chairman
MEETING MEMBERS' NEEDS, WHEREVER THEY ARE
Midwest Community was founded in 1954 by a small group of General Motors employees whose purpose was to help one another ensure their vital needs were met. They liked the idea of friends & coworkers pooling their resources into a cooperative, not-for-profit financial institution they would own and manage themselves.
That same philosophy still guides us today with our focus on promoting our members’ financial health. As a financial cooperative, we work to steward our members’ funds and provide access to relevant & helpful products, services and resources. Our members are more than numbers, and we encourage more people to join us so we can continue to grow our programs & resources to improve their financial well-being. When our membership is healthy, MCFCU is healthy, and we contribute to the health of the communities around us.
We appreciate your commitment to Midwest Community FCU, and we’ll remain dedicated to supporting the members and communities we serve. Together, we’re building brighter tomorrows, all in the spirit of People Helping People.
"At Midwest Community everything we do is born from our passionate belief in building financial wellness for people, families and our communities. We offer convenient, simple access and affordable products priced to save. Our financial services and expert guidance are the key to reaching your financial dreams."
-Josh Koenig, President & CEO
SUPERVISORY COMMITTEE REPORT
Quarterly, your Supervisory Committee schedules and reviews selected internal audit functions to be performed by Doeren Mayhew as prescribed by regulations of the National Credit Union Administration. The Committee also reviews designated Credit Union records throughout the year. The results of the quarterly internal audits are reported to the Credit Union Board of Directors at their regularly scheduled meetings. In addition to its regular duties, the primary function of the Supervisory Committee is to have a comprehensive annual audit performed. This year, Doeren Mayhew conducted the annual audit, the same group that certifies the annual statement of Midwest Community Federal Credit Union. In the opinion of your Supervisory Committee, the Balance Sheet and related Statement of Income and Expenses presents fairly and accurately the results of operations at Midwest Community Federal Credit Union for the year ending September 30, 2025.
Respectfully, Foyle Solether, Nathan Wilondek, Susan Fruth, Eva English
FINANCIALS
*Undivided Earnings includes both Undivided Earnings as well as Accumulated Unrealized Gain/Loss on Available For Sale Securities
FINANCES 101: EDUCATING THE NEXT GENERATION OF MEMBERS
We want to help teens get a solid start on their journey to financial independence. That's why we work with the Northwest Ohio Credit Union Outreach Alliance to put together Finances 101, an event designed to give high school students a dose of the "real world" before they actually get there. The Alliance held the 2025 Finances 101 events at Bowling Green State University.
We’re all about financial empowerment—helping members develop financial strength to enable them to reach their goals, achieve their dreams and create a lifetime of financial security. We start early, with events like Finances 101 and an assortment of tools and resources to guide kids and teens towards building smart habits and learning financial responsibility.
IN SERVICE OF OUR MEMBERS
Just one question can reveal member loyalty and satisfaction: “How likely is it that you would recommend the credit union to a colleague, family member or friend?” Every year, we ask this question and our members’ responses provide us with our Net Promoter Score (NPS). Scores between 50% and 80% are considered best in class.
In 2025, we earned a 79.78% NPS from our members. We’re honored that so many of our members would recommend Midwest Community to others in their lives. Thank you!
MINUTES OF THE 70th ANNUAL MEMBERSHIP MEETING
Credits:
Copyright Midwest Community Federal Credit Union.