Dec, 31, 2023 — VICKSBURG RAILROAD FEDERAL CREDIT UNION is a federal credit union headquartered in VICKSBURG, MS with 1 branch location and about $11.33 million in total assets. Opened 90 years ago in 1934, VICKSBURG RAILROAD FEDERAL CREDIT UNION has about 1,039 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VICKSBURG RAILROAD FEDERAL CREDIT UNION |
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Address: (Main Office) | 2101 Cherry St VICKSBURG, MS 39180-3805 |
Phone: | (601) 638-3134 |
Fax: | (601) 638-3163 |
Website: | https://www.vrcums.com |
Branches: | 1 branch locations |
Members: | 1,039 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24892 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,330,523 |
CEO/Manager: | David H Bell |
Chairperson: | Hugh J Freeman, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 616,701 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 728,655 |
Unsecured Loans | 661,071 |
Other Loans | 6,414,554 |
TOTAL LOANS | 7,804,280 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,407 |
Land And Building | 195,824 |
Other Fixed Assets | 7,333 |
NCUSIF Deposit | 77,108 |
All Other Assets | 0 |
TOTAL ASSETS | 11,330,523 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,592 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 325,581 |
Regular shares | 4,960,996 |
All Other Shares & Deposits | 2,248,202 |
TOTAL SHARES & DEPOSITS | 7,534,779 |
TOTAL LIABILITIES | 7,542,371 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,788,152 |
TOTAL EQUITY | 3,788,152 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,330,523 |
INCOME & EXPENSE | |
Loan Income | 447,460 |
Investment Income | 128,672 |
Other Income | 55,572 |
Total Employee Compensation & Benefits | 259,905 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 234,812 |
Non-operating Income & (Expense) | -8,085 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,996 |
Cost of Funds | 69,664 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 68,709 |
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