Dec, 31, 2023 — FIRST UNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MCCOMB, MS with 1 branch location and about $11.99 million in total assets. Opened 10 years ago in 2014, FIRST UNITY FEDERAL CREDIT UNION has about 3,676 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST UNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 200 N Broadway St MCCOMB, MS 39648 |
Phone: | (601) 680-4419 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 3,676 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24859 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 2014 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,989,499 |
CEO/Manager: | Samuel Hall |
Chairperson: | Freddie Deer |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,312,353 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 660,567 |
Other Loans | 9,738,867 |
TOTAL LOANS | 10,399,434 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,292 |
Land And Building | 223,919 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 91,982 |
All Other Assets | 0 |
TOTAL ASSETS | 11,989,499 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 68,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,558,721 |
All Other Shares & Deposits | 8,252,510 |
TOTAL SHARES & DEPOSITS | 10,811,231 |
TOTAL LIABILITIES | 10,880,150 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,109,349 |
TOTAL EQUITY | 1,109,349 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,989,499 |
INCOME & EXPENSE | |
Loan Income | 850,078 |
Investment Income | 3,484 |
Other Income | 146,977 |
Total Employee Compensation & Benefits | 241,070 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 198,553 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,000 |
Cost of Funds | 205,619 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 289,297 |
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