Dec, 31, 2023 — MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, MS with 1 branch location and about $30.00 million in total assets. Opened 58 years ago in 1966, MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION has about 5,490 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 613 S West St JACKSON, MS 39201-5506 |
| Phone: | (601) 948-8191 |
| Fax: | (601) 948-8198 |
| Website: | https://www.mspecu.org |
| Branches: | 1 branch locations |
| Members: | 5,490 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63442 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,998,493 |
| CEO/Manager: | Debbie Cox |
| Chairperson: | Mark Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,157,360 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,178,923 |
| Other Loans | 7,763,533 |
| TOTAL LOANS | 9,942,457 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,495 |
| Land And Building | 350,157 |
| Other Fixed Assets | 20,142 |
| NCUSIF Deposit | 277,071 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,998,493 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 207 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 92,348 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,933,282 |
| Regular shares | 18,375,245 |
| All Other Shares & Deposits | 4,394,927 |
| TOTAL SHARES & DEPOSITS | 25,703,454 |
| TOTAL LIABILITIES | 25,796,009 |
| Regular Reserve | 0 |
| Other Reserves | -28 |
| Undivided Earnings | 4,202,512 |
| TOTAL EQUITY | 4,202,484 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,998,493 |
| INCOME & EXPENSE | |
| Loan Income | 707,093 |
| Investment Income | 516,350 |
| Other Income | 327,605 |
| Total Employee Compensation & Benefits | 533,395 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 763,349 |
| Non-operating Income & (Expense) | -130 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,208 |
| Cost of Funds | 35,901 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 336,444 |
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