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.
Name: | FERGUSON FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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