Sep, 30, 2025 — CHOCTAW FEDERAL CREDIT UNION is a federal credit union headquartered in CHOCTAW, MS with 1 branch location and about $2.77 million in total assets. Opened 50 years ago in 1976, CHOCTAW FEDERAL CREDIT UNION has about 2,067 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHOCTAW FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 203 CHOCTAW TOWN CENTER CHOCTAW, MS 39350 |
| Phone: | (601) 676-0566 |
| Fax: | (601) 656-9774 |
| Website: | https://www.choctawfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,067 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22314 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,768,466 |
| CEO/Manager: | Ashton Steve |
| Chairperson: | DARLENE B WILLIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 771,442 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 955,802 |
| Other Loans | 770,339 |
| TOTAL LOANS | 1,726,141 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,849 |
| Land And Building | 0 |
| Other Fixed Assets | 5,967 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 18,890 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,768,466 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 171,591 |
| Regular shares | 1,601,071 |
| All Other Shares & Deposits | 147,477 |
| TOTAL SHARES & DEPOSITS | 1,920,139 |
| TOTAL LIABILITIES | 1,921,735 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 846,731 |
| TOTAL EQUITY | 846,731 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,768,466 |
| INCOME & EXPENSE | |
| Loan Income | 134,035 |
| Investment Income | 10,838 |
| Other Income | 62,533 |
| Total Employee Compensation & Benefits | 105,032 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 137,381 |
| Non-operating Income & (Expense) | 225,344 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,429 |
| Cost of Funds | 6,975 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 142,933 |
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