Dec, 31, 2023 — CITIZENS CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHEZ, MS with 1 branch location and about $990,842 in total assets. Opened 58 years ago in 1966, CITIZENS CHOICE FEDERAL CREDIT UNION has about 372 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CITIZENS CHOICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 Saint Catherine St NATCHEZ, MS 39120 |
Phone: | (601) 442-5888 |
Fax: | (601) 442-5857 |
Website: | https://www.citizenschoicefederal.com/ |
Branches: | 1 branch locations |
Members: | 372 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17715 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $990,842 |
CEO/Manager: | Patricia D Smith |
Chairperson: | Charles Mock |
ASSETS: | $ Amount |
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Cash & Equivalents | 462,728 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 200,528 |
Other Loans | 189,065 |
TOTAL LOANS | 389,593 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,059 |
Land And Building | 116,938 |
Other Fixed Assets | 2,738 |
NCUSIF Deposit | 9,067 |
All Other Assets | 0 |
TOTAL ASSETS | 990,842 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 59,574 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 656,572 |
All Other Shares & Deposits | 175,000 |
TOTAL SHARES & DEPOSITS | 831,571 |
TOTAL LIABILITIES | 891,145 |
Regular Reserve | 0 |
Other Reserves | 34,302 |
Undivided Earnings | 65,395 |
TOTAL EQUITY | 99,697 |
TOTAL LIABILITIES, SHARES, & EQUITY | 990,842 |
INCOME & EXPENSE | |
Loan Income | 51,292 |
Investment Income | 13,959 |
Other Income | 12,155 |
Total Employee Compensation & Benefits | 45,532 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 58,477 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -915 |
Cost of Funds | 2,146 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -27,834 |
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