MEMBERS EXCHANGE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mecuanywhere.com for more information.
Dec, 31, 2023 — MEMBERS EXCHANGE CREDIT UNION is a federally insured state chartered credit union headquartered in Jackson, MS with 3 branch locations and about $138.96 million in total assets. Opened 70 years ago in 1954, MEMBERS EXCHANGE CREDIT UNION has about 14,123 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS EXCHANGE CREDIT UNION |
|---|---|
| Address: (Main Office) | P O Box 31049 Jackson, MS 39286-1049 |
| Phone: | (601) 922-3350 |
| Fax: | (601) 922-1733 |
| Website: | https://www.mecuanywhere.com |
| Branches: | 3 branch locations |
| Members: | 14,123 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60598 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $138,962,250 |
| CEO/Manager: | Mitzi Tate |
| Chairperson: | Kenneth Allison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,001,904 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,378,953 |
| Unsecured Loans | 11,398,536 |
| Other Loans | 45,089,984 |
| TOTAL LOANS | 64,874,025 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -306,163 |
| Land And Building | 5,443,528 |
| Other Fixed Assets | 170,632 |
| NCUSIF Deposit | 1,116,656 |
| All Other Assets | 3,375 |
| TOTAL ASSETS | 138,962,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,238 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,644,459 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,040,658 |
| Regular shares | 52,287,365 |
| All Other Shares & Deposits | 45,212,865 |
| TOTAL SHARES & DEPOSITS | 111,540,888 |
| TOTAL LIABILITIES | 114,200,585 |
| Regular Reserve | 0 |
| Other Reserves | 898,834 |
| Undivided Earnings | 23,862,831 |
| TOTAL EQUITY | 24,761,665 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 138,962,250 |
| INCOME & EXPENSE | |
| Loan Income | 3,279,235 |
| Investment Income | 500,002 |
| Other Income | 2,322,412 |
| Total Employee Compensation & Benefits | 2,594,477 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,695,578 |
| Non-operating Income & (Expense) | 56,113 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -94,723 |
| Cost of Funds | 380,968 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,502,148 |
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