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MERCY FEDERAL CREDIT UNION

Dec, 31, 2020 — MERCY FEDERAL CREDIT UNION is a federal credit union headquartered in Savannah, GA with 2 branch locations and about $10.00 million in total assets. Opened 45 years ago in 1976, MERCY FEDERAL CREDIT UNION has about 2,109 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)
11705 Mercy Blvd
Savannah, GA 31419
Phone:(912) 819-2411
Fax:(912) 819-3499
Website:http://mercyfcu.org
Branches:2 branch locations
Members:2,109
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:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,997,984
CEO/Manager:Clinton A Smith
Chairperson:Deirdre Seagraves

Call Report

  • Credit Builder
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,731,892
TOTAL INVESTMENTS 1,501,567
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 533,867
 Other Loans 5,121,379
 TOTAL LOANS 5,655,246
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,067
 Land And Building 0
 Other Fixed Assets 28,340
 NCUSIF Deposit 68,138
 All Other Assets 45,868
  TOTAL ASSETS 9,997,984
LIABILITIES & CAPITAL:  
 Dividends Payable 6,264
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,145
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 852,702
 Regular shares 5,899,536
 All Other Shares & Deposits 1,445,651
  TOTAL SHARES & DEPOSITS 8,197,889
  TOTAL LIABILITIES 8,218,298
 Regular Reserve 83,307
 Other Reserves 0
 Undivided Earnings 1,696,379
  TOTAL EQUITY 1,779,686
  TOTAL LIABILITIES, SHARES, & EQUITY 9,997,984
INCOME & EXPENSE  
 Loan Income 423,758
 Investment Income 20,613
 Other Income 172,679
 Total Employee Compensation & Benefits 209,154
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 196,848
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,684
 Cost of Funds 47,279
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 126,085
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