Dec, 31, 2023 — FORREST COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HATTIESBURG, MS with 0 branch location and about $197,816 in total assets. Opened 63 years ago in 1961, FORREST COUNTY TEACHERS FEDERAL CREDIT UNION has about 248 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: | FORREST COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 610 Dumas Ave HATTIESBURG, MS 39401-6424 |
| Phone: | (601) 282-8751 |
| Fax: | |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 248 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14193 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $197,816 |
| CEO/Manager: | Keidra Roberts |
| Chairperson: | Ernest Collins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,268 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 70,139 |
| Other Loans | 89,840 |
| TOTAL LOANS | 159,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,060 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 1,957 |
| All Other Assets | 0 |
| TOTAL ASSETS | 197,816 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 185,324 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 185,324 |
| TOTAL LIABILITIES | 186,324 |
| Regular Reserve | 0 |
| Other Reserves | 14,859 |
| Undivided Earnings | -3,367 |
| TOTAL EQUITY | 11,492 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 197,816 |
| INCOME & EXPENSE | |
| Loan Income | 16,352 |
| Investment Income | 430 |
| Other Income | 10,585 |
| Total Employee Compensation & Benefits | 16,464 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,027 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,945 |
| Cost of Funds | 188 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,367 |
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