Dec, 31, 2023 — MERCY FEDERAL CREDIT UNION is a federal credit union headquartered in SAVANNAH, GA with 2 branch locations and about $11.53 million in total assets. Opened 48 years ago in 1976, MERCY FEDERAL CREDIT UNION has about 2,195 members and employs 5 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://mercyfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,195 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,530,382 |
| CEO/Manager: | Clinton A Smith |
| Chairperson: | Deirdre Seagraves |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 720,748 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 496,094 |
| Other Loans | 6,816,344 |
| TOTAL LOANS | 7,312,437 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,476 |
| Land And Building | 0 |
| Other Fixed Assets | 10,819 |
| NCUSIF Deposit | 95,598 |
| All Other Assets | 85,313 |
| TOTAL ASSETS | 11,530,382 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,038 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 853,496 |
| Regular shares | 5,632,873 |
| All Other Shares & Deposits | 3,055,510 |
| TOTAL SHARES & DEPOSITS | 9,541,879 |
| TOTAL LIABILITIES | 9,617,924 |
| Regular Reserve | 0 |
| Other Reserves | -302,667 |
| Undivided Earnings | 2,215,125 |
| TOTAL EQUITY | 1,912,458 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,530,382 |
| INCOME & EXPENSE | |
| Loan Income | 492,744 |
| Investment Income | 122,933 |
| Other Income | 189,385 |
| Total Employee Compensation & Benefits | 290,380 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 246,480 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,938 |
| Cost of Funds | 97,940 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 153,554 |
| ↑ Back to Top | |