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MISSISSIPPI FEDERAL CREDIT UNION

Mar, 31, 2021 — MISSISSIPPI FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 6 branch locations and about $160.61 million in total assets. Opened 63 years ago in 1958, MISSISSIPPI FEDERAL CREDIT UNION has about 23,177 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265377549
Name:MISSISSIPPI FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 55889
JACKSON, MS 39296
Phone:(601) 351-9200
Fax:(769) 251-0864
Website:http://www.msfcu.us
Branches:6 branch locations
Members:23,177
Credit Union Type:Federal Credit Union
Charter Number:24585
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1958
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$160,607,813
CEO/Manager:MIKE LIGHTSEY
Chairperson:GARY ARMSTRONG

Call Report

  • Commercial Loans
  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,366,447
TOTAL INVESTMENTS 16,926,263
Loans Held for Sale 0
 
 Real Estate Loans 22,246,582
 Unsecured Loans 11,835,032
 Other Loans 47,790,830
 TOTAL LOANS 81,872,444
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -704,401
 Land And Building 6,311,034
 Other Fixed Assets 315,915
 NCUSIF Deposit 1,149,255
 All Other Assets 4,370,856
  TOTAL ASSETS 160,607,813
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,254,477
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,956,729
 Regular shares 78,783,082
 All Other Shares & Deposits 26,593,085
  TOTAL SHARES & DEPOSITS 141,332,896
  TOTAL LIABILITIES 142,587,373
 Regular Reserve 1,041,537
 Other Reserves 798
 Undivided Earnings 16,978,105
  TOTAL EQUITY 18,020,440
  TOTAL LIABILITIES, SHARES, & EQUITY 160,607,813
INCOME & EXPENSE  
 Loan Income 1,115,754
 Investment Income 43,011
 Other Income 735,686
 Total Employee Compensation & Benefits 811,218
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 828,170
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,000
 Cost of Funds 102,733
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 197,570
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