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FERGUSON FEDERAL CREDIT UNION

Dec, 31, 2020 — FERGUSON FEDERAL CREDIT UNION is a federal credit union headquartered in Tylertown, MS with 7 branch locations and about $91.23 million in total assets. Opened 53 years ago in 1968, FERGUSON FEDERAL CREDIT UNION has about 9,728 members and employs 49 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)
5162 Plaza Dr
Tylertown, MS 39667
Phone:(601) 587-4037
Fax:(601) 587-4038
Website:http://fergusonfcu.org
Branches:7 branch locations
Members:9,728
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:Aug 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$91,228,369
CEO/Manager:Vernon L Clevenger
Chairperson:Lynell James

Call Report

  • Commercial Loans
  • Credit Builder
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • In-School Branches
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,464,988
TOTAL INVESTMENTS 13,839,339
Loans Held for Sale 0
 
 Real Estate Loans 19,283,996
 Unsecured Loans 5,236,173
 Other Loans 30,353,315
 TOTAL LOANS 54,873,484
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,709,680
 Land And Building 3,410,573
 Other Fixed Assets 461,400
 NCUSIF Deposit 786,988
 All Other Assets 1,101,277
  TOTAL ASSETS 91,228,369
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 291,826
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,323,768
 Regular shares 30,414,555
 All Other Shares & Deposits 39,847,586
  TOTAL SHARES & DEPOSITS 81,585,909
  TOTAL LIABILITIES 81,877,735
 Regular Reserve 761,253
 Other Reserves 0
 Undivided Earnings 8,589,381
  TOTAL EQUITY 9,350,634
  TOTAL LIABILITIES, SHARES, & EQUITY 91,228,369
INCOME & EXPENSE  
 Loan Income 4,293,576
 Investment Income 215,346
 Other Income 1,792,767
 Total Employee Compensation & Benefits 2,632,767
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,133,660
 Non-operating Income & (Expense) 16,508
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 829,930
 Cost of Funds 980,513
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -258,673
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