Jun, 30, 2024 — MISSISSIPPI NATIONAL GUARD FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 1 branch location and about $31.91 million in total assets. Opened 62 years ago in 1962, MISSISSIPPI NATIONAL GUARD FEDERAL CREDIT UNION has about 2,619 members and employs 5 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 NATIONAL GUARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 142 Military Dr JACKSON, MS 39232-8861 |
| Phone: | (601) 932-5194 |
| Fax: | (601) 932-8696 |
| Website: | https://www.msng.org |
| Branches: | 1 branch locations |
| Members: | 2,619 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14805 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Feb 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,913,149 |
| CEO/Manager: | Vickie Bourne |
| Chairperson: | Lynn E Cole |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 894,880 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 4,141,305 |
| Other Loans | 22,380,752 |
| TOTAL LOANS | 26,522,057 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -211,603 |
| Land And Building | 18,609 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 217,680 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,913,149 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 57,209 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,425,586 |
| Regular shares | 18,739,148 |
| All Other Shares & Deposits | 6,795,341 |
| TOTAL SHARES & DEPOSITS | 28,960,075 |
| TOTAL LIABILITIES | 29,017,284 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,895,865 |
| TOTAL EQUITY | 2,895,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,913,149 |
| INCOME & EXPENSE | |
| Loan Income | 937,491 |
| Investment Income | 38,701 |
| Other Income | 328,516 |
| Total Employee Compensation & Benefits | 357,871 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 560,583 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,606 |
| Cost of Funds | 97,862 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 283,786 |
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