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CHOCTAW FEDERAL CREDIT UNION

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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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