Dec, 31, 2023 — MCCOMB FEDERAL CREDIT UNION is a federal credit union headquartered in MCCOMB, MS with 1 branch location and about $6.68 million in total assets. Opened 84 years ago in 1940, MCCOMB FEDERAL CREDIT UNION has about 1,938 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: | MCCOMB FEDERAL CREDIT UNION |
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Address: (Main Office) | 913 Delaware Ave MCCOMB, MS 39648 |
Phone: | (601) 684-7764 |
Fax: | (601) 684-7763 |
Website: | https://mccombfcu.com |
Branches: | 1 branch locations |
Members: | 1,938 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4090 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,678,357 |
CEO/Manager: | Laura Burris |
Chairperson: | Bryan McKenzie |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,762,998 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,458,141 |
Other Loans | 2,163,478 |
TOTAL LOANS | 3,648,125 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,823 |
Land And Building | 92,268 |
Other Fixed Assets | 18,330 |
NCUSIF Deposit | 57,461 |
All Other Assets | 44,232 |
TOTAL ASSETS | 6,678,357 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 16,836 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 614,452 |
Regular shares | 5,017,308 |
All Other Shares & Deposits | 68,865 |
TOTAL SHARES & DEPOSITS | 5,700,625 |
TOTAL LIABILITIES | 5,717,461 |
Regular Reserve | 0 |
Other Reserves | 149,858 |
Undivided Earnings | 811,038 |
TOTAL EQUITY | 960,896 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,678,357 |
INCOME & EXPENSE | |
Loan Income | 301,002 |
Investment Income | 46,054 |
Other Income | 95,443 |
Total Employee Compensation & Benefits | 231,297 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 195,155 |
Non-operating Income & (Expense) | 2 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,277 |
Cost of Funds | 12,284 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -72,970 |
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