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FERGUSON FEDERAL CREDIT UNION

Dec, 31, 2023 — FERGUSON FEDERAL CREDIT UNION is a federal credit union headquartered in MONTICELLO, MS with 7 branch locations and about $89.78 million in total assets. Opened 56 years ago in 1968, FERGUSON FEDERAL CREDIT UNION has about 9,665 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265377811
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://fergusonfcu.org
Branches:7 branch locations
Members:9,665
Credit Union Type:Federal Credit Union
Charter Number:18515
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1968
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$89,781,540
CEO/Manager:Vernon L Clevenger
Chairperson:Lynell James

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,268,135
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,863,659
 Unsecured Loans 4,407,789
 Other Loans 24,488,105
 TOTAL LOANS 59,800,462
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -955,736
 Land And Building 4,402,239
 Other Fixed Assets 536,803
 NCUSIF Deposit 725,085
 All Other Assets 255,187
  TOTAL ASSETS 89,781,540
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -352,922
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,309,371
 Regular shares 27,052,607
 All Other Shares & Deposits 42,582,337
  TOTAL SHARES & DEPOSITS 80,944,313
  TOTAL LIABILITIES 80,591,391
 Regular Reserve 0
 Other Reserves -954,065
 Undivided Earnings 10,144,214
  TOTAL EQUITY 9,190,149
  TOTAL LIABILITIES, SHARES, & EQUITY 89,781,540
INCOME & EXPENSE  
 Loan Income 4,322,142
 Investment Income 179,145
 Other Income 1,266,762
 Total Employee Compensation & Benefits 2,498,907
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,860,567
 Non-operating Income & (Expense) -101
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 143,095
 Cost of Funds 1,558,691
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -245,472
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