Dec, 31, 2023 — CM MEMBERS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, MS with 1 branch location and about $14.45 million in total assets. Opened 63 years ago in 1961, CM MEMBERS FEDERAL CREDIT UNION has about 1,815 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CM MEMBERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1968 6th St N COLUMBUS, MS 39701 |
| Phone: | (662) 327-3030 |
| Fax: | (662) 327-1100 |
| Website: | https://cmcreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,815 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24881 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,452,625 |
| CEO/Manager: | CASEY HALBERT |
| Chairperson: | CHRISPINA J TOWNLEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,344,975 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 875,234 |
| Other Loans | 7,203,052 |
| TOTAL LOANS | 8,078,286 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,084 |
| Land And Building | 164,832 |
| Other Fixed Assets | 60,474 |
| NCUSIF Deposit | 129,660 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,452,625 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,659 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 975 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,236,007 |
| Regular shares | 9,759,011 |
| All Other Shares & Deposits | 1,072,290 |
| TOTAL SHARES & DEPOSITS | 12,067,309 |
| TOTAL LIABILITIES | 12,091,943 |
| Regular Reserve | 0 |
| Other Reserves | 246,545 |
| Undivided Earnings | 2,114,137 |
| TOTAL EQUITY | 2,360,682 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,452,625 |
| INCOME & EXPENSE | |
| Loan Income | 438,230 |
| Investment Income | 185,231 |
| Other Income | 159,317 |
| Total Employee Compensation & Benefits | 204,181 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 334,605 |
| Non-operating Income & (Expense) | 1,738 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,421 |
| Cost of Funds | 109,052 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,257 |
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