Dec, 31, 2023 — SINGING RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in MOSS POINT, MS with 6 branch locations and about $305.08 million in total assets. Opened 71 years ago in 1953, SINGING RIVER FEDERAL CREDIT UNION has about 23,124 members and employs 81 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SINGING RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6006 HIGHWAY 63 MOSS POINT, MS 39563 |
| Phone: | (228) 475-9531 |
| Fax: | (228) 407-1025 |
| Website: | https://www.srfcu.org |
| Branches: | 6 branch locations |
| Members: | 23,124 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8694 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $305,077,097 |
| CEO/Manager: | James B Smith Jr |
| Chairperson: | James A Plowman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,612,154 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,862,991 |
| Unsecured Loans | 19,378,682 |
| Other Loans | 172,426,978 |
| TOTAL LOANS | 258,668,651 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,206,311 |
| Land And Building | 4,748,564 |
| Other Fixed Assets | 657,503 |
| NCUSIF Deposit | 2,725,944 |
| All Other Assets | 217,650 |
| TOTAL ASSETS | 305,077,097 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,234,151 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 800,000 |
| Share Drafts | 39,869,724 |
| Regular shares | 75,744,393 |
| All Other Shares & Deposits | 152,497,318 |
| TOTAL SHARES & DEPOSITS | 268,111,435 |
| TOTAL LIABILITIES | 275,145,586 |
| Regular Reserve | 0 |
| Other Reserves | 1,523,224 |
| Undivided Earnings | 28,408,287 |
| TOTAL EQUITY | 29,931,511 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 305,077,097 |
| INCOME & EXPENSE | |
| Loan Income | 14,273,836 |
| Investment Income | 835,572 |
| Other Income | 3,727,487 |
| Total Employee Compensation & Benefits | 6,758,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,300,124 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,822 |
| Cost of Funds | 4,720,950 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,469,227 |
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