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CHOCTAW FEDERAL CREDIT UNION

Mar, 31, 2021 — CHOCTAW FEDERAL CREDIT UNION is a federal credit union headquartered in CHOCTAW, MS with 1 branch location and about $3.45 million in total assets. Opened 45 years ago in 1976, CHOCTAW FEDERAL CREDIT UNION has about 2,031 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)
PO BOX 6284
CHOCTAW, MS 39350
Phone:(601) 656-0055
Fax:(601) 656-9774
Website:http://choctawfcu.org
Branches:1 branch locations
Members:2,031
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:Jan 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,448,113
CEO/Manager:Sandy L Balderas
Chairperson:DARLENE B WILLIS

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,361,927
TOTAL INVESTMENTS 228,126
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 901,511
 Other Loans 948,784
 TOTAL LOANS 1,850,295
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,257
 Land And Building 0
 Other Fixed Assets 1,935
 NCUSIF Deposit 13,231
 All Other Assets 14,856
  TOTAL ASSETS 3,448,113
LIABILITIES & CAPITAL:  
 Dividends Payable 4,406
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 641
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 190,771
 Regular shares 2,360,793
 All Other Shares & Deposits 146,101
  TOTAL SHARES & DEPOSITS 2,697,665
  TOTAL LIABILITIES 2,702,712
 Regular Reserve 28,147
 Other Reserves 0
 Undivided Earnings 717,254
  TOTAL EQUITY 745,401
  TOTAL LIABILITIES, SHARES, & EQUITY 3,448,113
INCOME & EXPENSE  
 Loan Income 58,515
 Investment Income 974
 Other Income 12,589
 Total Employee Compensation & Benefits 48,856
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 37,029
 Non-operating Income & (Expense) 468
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,943
 Cost of Funds 5,173
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -26,455
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