Jun, 30, 2024 — PEARL MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in PEARL, MS with 1 branch location and about $2.03 million in total assets. Opened 43 years ago in 1981, PEARL MUNICIPAL FEDERAL CREDIT UNION has about 625 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEARL MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2420 Old Brandon Rd PEARL, MS 39208-4601 |
| Phone: | (601) 939-3126 |
| Fax: | |
| Website: | https://pearlcu.com |
| Branches: | 1 branch locations |
| Members: | 625 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24880 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1981 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,034,949 |
| CEO/Manager: | Karen M Williams |
| Chairperson: | Lanell White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 180,471 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 375,921 |
| Other Loans | 811,640 |
| TOTAL LOANS | 1,187,561 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -927 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 16,336 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,034,949 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,700 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -168 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,642,782 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,642,782 |
| TOTAL LIABILITIES | 1,645,314 |
| Regular Reserve | 0 |
| Other Reserves | 27,097 |
| Undivided Earnings | 362,538 |
| TOTAL EQUITY | 389,635 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,034,949 |
| INCOME & EXPENSE | |
| Loan Income | 79,047 |
| Investment Income | 1,887 |
| Other Income | 5,721 |
| Total Employee Compensation & Benefits | 27,748 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,585 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,004 |
| Cost of Funds | 7,753 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,565 |
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