Sep, 30, 2025 — MEMORIAL FEDERAL CREDIT UNION is a federal credit union headquartered in GULFPORT, MS with 1 branch location and about $6.17 million in total assets. Opened 64 years ago in 1962, MEMORIAL FEDERAL CREDIT UNION has about 1,157 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: | MEMORIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4305 14th St. GULFPORT, MS 39501 |
| Phone: | (228) 865-3142 |
| Fax: | (228) 865-3026 |
| Website: | https://www.memorialfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,157 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14824 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,174,030 |
| CEO/Manager: | KAREN E LIZANA |
| Chairperson: | DONNA COOK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 590,522 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 613,809 |
| Other Loans | 1,522,070 |
| TOTAL LOANS | 2,135,879 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,502 |
| Land And Building | 0 |
| Other Fixed Assets | 6,657 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 35,889 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,174,030 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,167 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,069 |
| Regular shares | 3,565,177 |
| All Other Shares & Deposits | 362,102 |
| TOTAL SHARES & DEPOSITS | 3,935,349 |
| TOTAL LIABILITIES | 3,939,516 |
| Regular Reserve | 0 |
| Other Reserves | 79,341 |
| Undivided Earnings | 2,155,173 |
| TOTAL EQUITY | 2,234,514 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,174,030 |
| INCOME & EXPENSE | |
| Loan Income | 128,034 |
| Investment Income | 103,778 |
| Other Income | 20,559 |
| Total Employee Compensation & Benefits | 138,371 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 83,363 |
| Non-operating Income & (Expense) | -4 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,862 |
| Cost of Funds | 2,600 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,310 |
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