Dec, 31, 2023 — MERIDIAN MISSISSIPPI ANG FEDERAL CREDIT UNION is a federal credit union headquartered in MERIDIAN, MS with 1 branch location and about $25.95 million in total assets. Opened 61 years ago in 1963, MERIDIAN MISSISSIPPI ANG FEDERAL CREDIT UNION has about 1,508 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MERIDIAN MISSISSIPPI ANG FEDERAL CREDIT UNION |
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Address: (Main Office) | 6225 M St Bldg 305 MERIDIAN, MS 39307 |
Phone: | (604) 483-7307 |
Fax: | (601) 485-6503 |
Website: | https://www.meridianangfcu.org |
Branches: | 1 branch locations |
Members: | 1,508 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15377 |
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Membership Type: | Military |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,950,377 |
CEO/Manager: | Darlene Wilkerson |
Chairperson: | Jimmy Owen |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,178,230 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,014,890 |
Unsecured Loans | 819,544 |
Other Loans | 15,650,585 |
TOTAL LOANS | 18,485,019 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,260 |
Land And Building | 26,599 |
Other Fixed Assets | 468 |
NCUSIF Deposit | 231,715 |
All Other Assets | 0 |
TOTAL ASSETS | 25,950,377 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,009 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,845,089 |
Regular shares | 14,857,240 |
All Other Shares & Deposits | 3,981,002 |
TOTAL SHARES & DEPOSITS | 22,683,332 |
TOTAL LIABILITIES | 22,694,341 |
Regular Reserve | 0 |
Other Reserves | 306,766 |
Undivided Earnings | 2,949,270 |
TOTAL EQUITY | 3,256,036 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,950,377 |
INCOME & EXPENSE | |
Loan Income | 729,207 |
Investment Income | 355,640 |
Other Income | 104,165 |
Total Employee Compensation & Benefits | 348,241 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 251,546 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,587 |
Cost of Funds | 170,116 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 535,193 |
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