Dec, 31, 2023 — MUNA FEDERAL CREDIT UNION is a federal credit union headquartered in MERIDIAN, MS with 2 branch locations and about $49.85 million in total assets. Opened 62 years ago in 1962, MUNA FEDERAL CREDIT UNION has about 6,279 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUNA FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 4400 Highway 39 N MERIDIAN, MS 39301-1009 |
Phone: | (601) 693-8563 |
Fax: | (601) 485-8826 |
Website: | https://www.munafederal.com |
Branches: | 2 branch locations |
Members: | 6,279 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15108 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,846,662 |
CEO/Manager: | Biffle (Bo) O Pittman, Jr. |
Chairperson: | John Howell |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,854,161 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,941,109 |
Unsecured Loans | 4,604,230 |
Other Loans | 23,072,671 |
TOTAL LOANS | 32,886,892 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -423,844 |
Land And Building | 745,914 |
Other Fixed Assets | 1,285,796 |
NCUSIF Deposit | 420,791 |
All Other Assets | 45,096 |
TOTAL ASSETS | 49,846,662 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,329,897 |
Accounts Payable & Other Liabilities | 1,128,780 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,324,650 |
Regular shares | 23,593,312 |
All Other Shares & Deposits | 9,003,042 |
TOTAL SHARES & DEPOSITS | 40,921,004 |
TOTAL LIABILITIES | 44,379,681 |
Regular Reserve | 0 |
Other Reserves | -628,499 |
Undivided Earnings | 6,095,480 |
TOTAL EQUITY | 5,466,981 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,846,662 |
INCOME & EXPENSE | |
Loan Income | 2,271,737 |
Investment Income | 298,619 |
Other Income | 1,024,068 |
Total Employee Compensation & Benefits | 1,288,994 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,142,705 |
Non-operating Income & (Expense) | 177,469 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 313,552 |
Cost of Funds | 134,672 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 622,179 |
↑ Back to Top |