Dec, 31, 2023 — MUW EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, MS with 2 branch locations and about $4.17 million in total assets. Opened 59 years ago in 1965, MUW EMPLOYEES FEDERAL CREDIT UNION has about 466 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: | MUW EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1100 College St # 41 COLUMBUS, MS 39701-5821 |
| Phone: | (662) 327-2500 |
| Fax: | (662) 329-0036 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 466 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16770 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,168,199 |
| CEO/Manager: | Tova M Hamm |
| Chairperson: | ELAINE L EVANS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 754,922 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 260,415 |
| Other Loans | 1,909,819 |
| TOTAL LOANS | 2,170,233 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,405 |
| Land And Building | 0 |
| Other Fixed Assets | 18 |
| NCUSIF Deposit | 47,292 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,168,199 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,988 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 130,669 |
| Regular shares | 3,728,360 |
| All Other Shares & Deposits | 2,510 |
| TOTAL SHARES & DEPOSITS | 3,861,539 |
| TOTAL LIABILITIES | 3,871,560 |
| Regular Reserve | 0 |
| Other Reserves | 74,393 |
| Undivided Earnings | 222,246 |
| TOTAL EQUITY | 296,639 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,168,199 |
| INCOME & EXPENSE | |
| Loan Income | 82,139 |
| Investment Income | 103,422 |
| Other Income | 14,244 |
| Total Employee Compensation & Benefits | 75,313 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 59,607 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,883 |
| Cost of Funds | 2,083 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,118 |
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