Dec, 31, 2023 — MIDSOUTH COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MACON, GA with 10 branch locations and about $430.20 million in total assets. Opened 88 years ago in 1936, MIDSOUTH COMMUNITY FEDERAL CREDIT UNION has about 41,562 members and employs 108 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDSOUTH COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 4810 Mercer University Dr MACON, GA 31210-5675 |
Phone: | (478) 471-9946 |
Fax: | (478) 757-7989 |
Website: | https://www.midsouthfcu.org |
Branches: | 10 branch locations |
Members: | 41,562 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1410 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $430,195,664 |
CEO/Manager: | Roy Bibb |
Chairperson: | Cecil Ethridge |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,433,088 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 50,046,538 |
Unsecured Loans | 21,267,885 |
Other Loans | 232,486,140 |
TOTAL LOANS | 303,800,563 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,420,453 |
Land And Building | 7,589,398 |
Other Fixed Assets | 534,198 |
NCUSIF Deposit | 3,623,992 |
All Other Assets | 270,282 |
TOTAL ASSETS | 430,195,664 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 997,449 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,522,463 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 82,027,255 |
Regular shares | 124,582,798 |
All Other Shares & Deposits | 170,365,533 |
TOTAL SHARES & DEPOSITS | 376,975,586 |
TOTAL LIABILITIES | 386,495,498 |
Regular Reserve | 0 |
Other Reserves | -12,844,903 |
Undivided Earnings | 56,545,069 |
TOTAL EQUITY | 43,700,166 |
TOTAL LIABILITIES, SHARES, & EQUITY | 430,195,664 |
INCOME & EXPENSE | |
Loan Income | 16,958,412 |
Investment Income | 1,984,959 |
Other Income | 5,314,266 |
Total Employee Compensation & Benefits | 8,957,682 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,894,316 |
Non-operating Income & (Expense) | 248,908 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,295,251 |
Cost of Funds | 3,520,818 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,981,985 |
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