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MEMORIAL FEDERAL CREDIT UNION

Mar, 31, 2022 — MEMORIAL FEDERAL CREDIT UNION is a federal credit union headquartered in GULFPORT, MS with 1 branch location and about $9.77 million in total assets. Opened 60 years ago in 1962, MEMORIAL FEDERAL CREDIT UNION has about 1,567 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:MEMORIAL FEDERAL CREDIT UNION
Address:
(Main Office)
4500 13th St Rm 11
GULFPORT, MS 39501
Phone:(228) 865-3142
Fax:(228) 865-3026
Website:https://memorialfcu.org
Branches:1 branch locations
Members:1,567
Credit Union Type:Federal Credit Union
Charter Number:14824
Membership Type:Service - Health Care
Corporate Credit Union:No
Year Opened:1962
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$9,771,554
CEO/Manager:Karen Lizana
Chairperson:DONNA COOK

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,395,387
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 564,789
 Other Loans 2,407,139
 TOTAL LOANS 2,971,928
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,779
 Land And Building 0
 Other Fixed Assets 922
 NCUSIF Deposit 69,128
 All Other Assets 0
  TOTAL ASSETS 9,771,554
LIABILITIES & CAPITAL:  
 Dividends Payable 14
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,119
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,616
 Regular shares 6,037,276
 All Other Shares & Deposits 1,548,233
  TOTAL SHARES & DEPOSITS 7,591,125
  TOTAL LIABILITIES 7,600,258
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,171,296
  TOTAL EQUITY 2,171,296
  TOTAL LIABILITIES, SHARES, & EQUITY 9,771,554
INCOME & EXPENSE  
 Loan Income 48,606
 Investment Income 10,331
 Other Income 4,292
 Total Employee Compensation & Benefits 35,400
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,046
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -6,314
 Cost of Funds 2,966
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,281
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