Dec, 31, 2023 — PEARL MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in PEARL, MS with 1 branch location and about $2.24 million in total assets. Opened 43 years ago in 1981, PEARL MUNICIPAL FEDERAL CREDIT UNION has about 664 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 |
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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: | 664 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24880 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,236,939 |
CEO/Manager: | Karen M Williams |
Chairperson: | Lanell White |
ASSETS: | $ Amount |
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Cash & Equivalents | 497,329 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 442,739 |
Other Loans | 1,080,499 |
TOTAL LOANS | 1,523,238 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,447 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 17,311 |
All Other Assets | 0 |
TOTAL ASSETS | 2,236,939 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,532,473 |
All Other Shares & Deposits | 248,000 |
TOTAL SHARES & DEPOSITS | 1,780,472 |
TOTAL LIABILITIES | 1,780,472 |
Regular Reserve | 0 |
Other Reserves | 27,097 |
Undivided Earnings | 429,370 |
TOTAL EQUITY | 456,467 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,236,939 |
INCOME & EXPENSE | |
Loan Income | 120,634 |
Investment Income | 22,237 |
Other Income | 14,335 |
Total Employee Compensation & Benefits | 43,818 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,263 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,282 |
Cost of Funds | 9,739 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 64,104 |
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