Sep, 30, 2025 — FERGUSON FEDERAL CREDIT UNION is a federal credit union headquartered in MONTICELLO, MS with 7 branch locations and about $94.61 million in total assets. Opened 58 years ago in 1968, FERGUSON FEDERAL CREDIT UNION has about 10,676 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FERGUSON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1026 E Broad St MONTICELLO, MS 39654 |
| Phone: | (601) 806-3328 |
| Fax: | (601) 587-4038 |
| Website: | https://www.fergusonfcu.org |
| Branches: | 7 branch locations |
| Members: | 10,676 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18515 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $94,614,568 |
| CEO/Manager: | Vernon L Clevenger |
| Chairperson: | Christopher L Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,653,765 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,874,178 |
| Unsecured Loans | 4,186,461 |
| Other Loans | 23,382,043 |
| TOTAL LOANS | 63,404,204 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,400,321 |
| Land And Building | 4,780,212 |
| Other Fixed Assets | 418,269 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 739,671 |
| All Other Assets | 194,714 |
| TOTAL ASSETS | 94,614,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 661,464 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,805,246 |
| Regular shares | 28,557,417 |
| All Other Shares & Deposits | 44,495,483 |
| TOTAL SHARES & DEPOSITS | 84,858,146 |
| TOTAL LIABILITIES | 85,519,610 |
| Regular Reserve | 0 |
| Other Reserves | -108,911 |
| Undivided Earnings | 9,203,869 |
| TOTAL EQUITY | 9,094,958 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,614,568 |
| INCOME & EXPENSE | |
| Loan Income | 4,128,769 |
| Investment Income | 347,461 |
| Other Income | 1,028,186 |
| Total Employee Compensation & Benefits | 2,068,437 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,235,462 |
| Non-operating Income & (Expense) | 698,119 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 919,471 |
| Cost of Funds | 1,348,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -329,750 |
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