Dec, 31, 2023 — CENTURYFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in HATTIESBURG, MS with 7 branch locations and about $90.05 million in total assets. Opened 68 years ago in 1956, CENTURYFIRST FEDERAL CREDIT UNION has about 11,490 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTURYFIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 3318 HARDY ST HATTIESBURG, MS 39401-6962 |
Phone: | (601) 450-4114 |
Fax: | (601) 261-5305 |
Website: | https://centuryfirstfcu.com |
Branches: | 7 branch locations |
Members: | 11,490 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24668 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $90,048,451 |
CEO/Manager: | John S Harmond |
Chairperson: | Clifford Pendarvis |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,683,392 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,586,933 |
Unsecured Loans | 6,585,179 |
Other Loans | 45,348,505 |
TOTAL LOANS | 73,520,617 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,326,779 |
Land And Building | 2,191,541 |
Other Fixed Assets | 192,333 |
NCUSIF Deposit | 713,909 |
All Other Assets | 779,433 |
TOTAL ASSETS | 90,048,451 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 30,985 |
Notes & Interest Payable | 500,000 |
Accounts Payable & Other Liabilities | 934,657 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,959,905 |
Regular shares | 46,860,515 |
All Other Shares & Deposits | 19,972,343 |
TOTAL SHARES & DEPOSITS | 76,792,764 |
TOTAL LIABILITIES | 78,258,406 |
Regular Reserve | 0 |
Other Reserves | 3,475,396 |
Undivided Earnings | 8,314,649 |
TOTAL EQUITY | 11,790,045 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,048,451 |
INCOME & EXPENSE | |
Loan Income | 5,562,848 |
Investment Income | 118,543 |
Other Income | 876,125 |
Total Employee Compensation & Benefits | 2,041,004 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,709,649 |
Non-operating Income & (Expense) | 154,878 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,165,000 |
Cost of Funds | 683,736 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,543,572 |
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» See also Statement of Financial Condition