Dec, 31, 2023 — BILOXI TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in BILOXI, MS with 0 branch location and about $10.68 million in total assets. Opened 59 years ago in 1965, BILOXI TEACHERS FEDERAL CREDIT UNION has about 1,322 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: | BILOXI TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1445 Father Ryan Ave BILOXI, MS 39530 |
Phone: | (228) 436-5126 |
Fax: | (228) 436-5107 |
Website: | https://www.biloxischools.net/domai |
Branches: | 0 branch locations |
Members: | 1,322 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16699 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,676,807 |
CEO/Manager: | Sherry P Deshamp |
Chairperson: | Carolyn A Cadney |
ASSETS: | $ Amount |
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Cash & Equivalents | 477,618 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 554,251 |
Other Loans | 4,352,570 |
TOTAL LOANS | 4,906,820 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,802 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 97,222 |
All Other Assets | 0 |
TOTAL ASSETS | 10,676,807 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,150 |
Notes & Interest Payable | 500,000 |
Accounts Payable & Other Liabilities | 7,391 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,815,631 |
All Other Shares & Deposits | 1,184,587 |
TOTAL SHARES & DEPOSITS | 9,000,218 |
TOTAL LIABILITIES | 9,523,759 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,153,048 |
TOTAL EQUITY | 1,153,048 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,676,807 |
INCOME & EXPENSE | |
Loan Income | 196,665 |
Investment Income | 87,585 |
Other Income | 6,294 |
Total Employee Compensation & Benefits | 116,492 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 50,772 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 867 |
Cost of Funds | 84,539 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 40,908 |
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