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MISSISSIPPI HIGHWAY SAFTY PAT FEDERAL CREDIT UNION

Jun, 30, 2021 — MISSISSIPPI HIGHWAY SAFTY PAT FEDERAL CREDIT UNION is a federal credit union headquartered in Jackson, MS with 2 branch locations and about $12.38 million in total assets. Opened 57 years ago in 1964, MISSISSIPPI HIGHWAY SAFTY PAT FEDERAL CREDIT UNION has about 1,366 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MISSISSIPPI HIGHWAY SAFTY PAT FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. Box 958
Jackson, MS 39205
Phone:(601) 987-1290
Fax:(601) 987-1294
Website:http://www.mhspfcu.com
Branches:2 branch locations
Members:1,366
Credit Union Type:Federal Credit Union
Charter Number:16327
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1964
Last Audited:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,376,730
CEO/Manager:Tracy Burleigh
Chairperson:Steven C Bane

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,832,146
TOTAL INVESTMENTS 5,144,358
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 686,778
 Other Loans 4,465,417
 TOTAL LOANS 5,152,195
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,020
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 90,997
 All Other Assets 172,054
  TOTAL ASSETS 12,376,730
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 50,580
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 644,800
 Regular shares 8,311,500
 All Other Shares & Deposits 666,120
  TOTAL SHARES & DEPOSITS 9,622,420
  TOTAL LIABILITIES 9,673,000
 Regular Reserve 320,229
 Other Reserves 0
 Undivided Earnings 2,383,501
  TOTAL EQUITY 2,703,730
  TOTAL LIABILITIES, SHARES, & EQUITY 12,376,730
INCOME & EXPENSE  
 Loan Income 144,550
 Investment Income 49,648
 Other Income 10,767
 Total Employee Compensation & Benefits 83,274
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 73,006
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -332
 Cost of Funds 8,308
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 59,442
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