Dec, 31, 2023 — VICKSWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in VICKSBURG, MS with 1 branch location and about $11.53 million in total assets. Opened 57 years ago in 1967, VICKSWOOD FEDERAL CREDIT UNION has about 1,534 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VICKSWOOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 107 Thalweg Dr VICKSBURG, MS 39183 |
| Phone: | (601) 636-4434 |
| Fax: | (601) 638-4433 |
| Website: | https://vickswoodcu.com |
| Branches: | 1 branch locations |
| Members: | 1,534 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24876 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,529,707 |
| CEO/Manager: | Terrie Falls |
| Chairperson: | Tom Osburn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 752,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 459,015 |
| Other Loans | 4,724,906 |
| TOTAL LOANS | 5,183,921 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,884 |
| Land And Building | 395,055 |
| Other Fixed Assets | 2,125 |
| NCUSIF Deposit | 94,492 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,529,707 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,488 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 99,939 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 298,508 |
| Regular shares | 8,349,549 |
| All Other Shares & Deposits | 162,145 |
| TOTAL SHARES & DEPOSITS | 8,810,202 |
| TOTAL LIABILITIES | 8,918,629 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,611,078 |
| TOTAL EQUITY | 2,611,078 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,529,707 |
| INCOME & EXPENSE | |
| Loan Income | 249,199 |
| Investment Income | 132,073 |
| Other Income | 48,931 |
| Total Employee Compensation & Benefits | 158,838 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 214,393 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -16 |
| Cost of Funds | 32,691 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 83,271 |
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