Dec, 31, 2023 — CHOCTAW FEDERAL CREDIT UNION is a federal credit union headquartered in CHOCTAW, MS with 1 branch location and about $2.75 million in total assets. Opened 48 years ago in 1976, CHOCTAW FEDERAL CREDIT UNION has about 1,963 members and employs 4 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 |
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Address: (Main Office) | 203 CHOCTAW TOWN CENTER CHOCTAW, MS 39350 |
Phone: | (601) 656-0055 |
Fax: | (601) 656-9774 |
Website: | https://choctawfcu.org |
Branches: | 1 branch locations |
Members: | 1,963 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22314 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,752,317 |
CEO/Manager: | Ashton Steve |
Chairperson: | DARLENE B WILLIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 614,712 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 795,727 |
Other Loans | 1,096,460 |
TOTAL LOANS | 1,892,187 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,606 |
Land And Building | 0 |
Other Fixed Assets | 8,349 |
NCUSIF Deposit | 22,660 |
All Other Assets | 0 |
TOTAL ASSETS | 2,752,317 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,935 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 95,646 |
Regular shares | 1,815,958 |
All Other Shares & Deposits | 45,976 |
TOTAL SHARES & DEPOSITS | 1,957,579 |
TOTAL LIABILITIES | 1,959,514 |
Regular Reserve | 0 |
Other Reserves | 28,147 |
Undivided Earnings | 764,656 |
TOTAL EQUITY | 792,803 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,752,317 |
INCOME & EXPENSE | |
Loan Income | 229,160 |
Investment Income | 14,344 |
Other Income | 88,295 |
Total Employee Compensation & Benefits | 140,457 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 177,079 |
Non-operating Income & (Expense) | 125,365 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,644 |
Cost of Funds | 10,679 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 72,305 |
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» See also Statement of Financial Condition