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MERIDIAN MISSISSIPPI ANG FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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