Sep, 30, 2025 — MERCY FEDERAL CREDIT UNION is a federal credit union headquartered in SAVANNAH, GA with 2 branch locations and about $12.67 million in total assets. Opened 50 years ago in 1976, MERCY FEDERAL CREDIT UNION has about 2,231 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: | MERCY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 11806 McAuley Dr SAVANNAH, GA 31419-1710 |
| Phone: | (912) 819-2411 |
| Fax: | (912) 819-3499 |
| Website: | https://www.mercyfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,231 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22362 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Mar 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,667,404 |
| CEO/Manager: | Clinton A Smith |
| Chairperson: | Deirdre Seagraves |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,627,883 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 528,359 |
| Other Loans | 6,994,850 |
| TOTAL LOANS | 7,523,209 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,000 |
| Land And Building | 0 |
| Other Fixed Assets | 12,356 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 91,495 |
| All Other Assets | 54,142 |
| TOTAL ASSETS | 12,667,404 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 80,385 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,165 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 886,906 |
| Regular shares | 5,773,793 |
| All Other Shares & Deposits | 3,708,901 |
| TOTAL SHARES & DEPOSITS | 10,369,600 |
| TOTAL LIABILITIES | 10,490,150 |
| Regular Reserve | 0 |
| Other Reserves | -193,549 |
| Undivided Earnings | 2,370,803 |
| TOTAL EQUITY | 2,177,254 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,667,404 |
| INCOME & EXPENSE | |
| Loan Income | 443,421 |
| Investment Income | 117,755 |
| Other Income | 144,117 |
| Total Employee Compensation & Benefits | 229,808 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 176,495 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 81,156 |
| Cost of Funds | 138,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 97,502 |
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