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PEARL MUNICIPAL FEDERAL CREDIT UNION

Mar, 31, 2021 — PEARL MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in PEARL, MS with 1 branch location and about $1.88 million in total assets. Opened 40 years ago in 1981, PEARL MUNICIPAL FEDERAL CREDIT UNION has about 602 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 ROAD
PEARL, MS 39208
Phone:(601) 939-3126
Fax:
Website:http://pearlcu.com
Branches:1 branch locations
Members:602
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:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,877,886
CEO/Manager:Karen M Williams
Chairperson:Lanell White

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 348,182
TOTAL INVESTMENTS 600,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 294,880
 Other Loans 622,125
 TOTAL LOANS 917,005
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,271
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 12,462
 All Other Assets 1,508
  TOTAL ASSETS 1,877,886
LIABILITIES & CAPITAL:  
 Dividends Payable 2,210
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,804
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,536,888
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,536,888
  TOTAL LIABILITIES 1,540,902
 Regular Reserve 27,097
 Other Reserves 0
 Undivided Earnings 309,887
  TOTAL EQUITY 336,984
  TOTAL LIABILITIES, SHARES, & EQUITY 1,877,886
INCOME & EXPENSE  
 Loan Income 22,332
 Investment Income 1,406
 Other Income 1,292
 Total Employee Compensation & Benefits 8,397
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,764
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,620
 Cost of Funds 2,210
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,279
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