Dec, 31, 2023 — FIRST NESHOBA FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, MS with 1 branch location and about $21.62 million in total assets. Opened 60 years ago in 1964, FIRST NESHOBA FEDERAL CREDIT UNION has about 3,800 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST NESHOBA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 547 E Main St PHILADELPHIA, MS 39350-2429 |
| Phone: | (601) 656-1183 |
| Fax: | (601) 656-9700 |
| Website: | https://fnfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,800 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16435 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,617,099 |
| CEO/Manager: | Jason Martin |
| Chairperson: | Harvin Hudson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,758,199 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,220,624 |
| Other Loans | 7,042,097 |
| TOTAL LOANS | 8,262,721 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,320 |
| Land And Building | 56,615 |
| Other Fixed Assets | 12,497 |
| NCUSIF Deposit | 204,703 |
| All Other Assets | 22,735 |
| TOTAL ASSETS | 21,617,099 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,056 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 314,174 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,758,877 |
| Regular shares | 13,847,709 |
| All Other Shares & Deposits | 312,346 |
| TOTAL SHARES & DEPOSITS | 18,918,932 |
| TOTAL LIABILITIES | 19,242,162 |
| Regular Reserve | 0 |
| Other Reserves | 539,269 |
| Undivided Earnings | 1,835,668 |
| TOTAL EQUITY | 2,374,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,617,099 |
| INCOME & EXPENSE | |
| Loan Income | 411,481 |
| Investment Income | 491,674 |
| Other Income | 207,070 |
| Total Employee Compensation & Benefits | 399,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 331,763 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,193 |
| Cost of Funds | 37,010 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 229,083 |
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» See also Statement of Financial Condition