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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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