Sep, 30, 2025 — ECM FEDERAL CREDIT UNION is a federal credit union headquartered in RIDGELAND, MS with 1 branch location and about $27.88 million in total assets. Opened 59 years ago in 1967, ECM FEDERAL CREDIT UNION has about 2,322 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: | ECM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 665 Highland Colony Pkwy RIDGELAND, MS 39157 |
| Phone: | (601) 605-8600 |
| Fax: | (601) 605-4909 |
| Website: | https://www.ecmfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,322 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24883 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Aug 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,879,260 |
| CEO/Manager: | Jennifer Lovett |
| Chairperson: | Keith Hayward |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,687,450 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,372,693 |
| Other Loans | 14,131,462 |
| TOTAL LOANS | 15,504,155 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,286 |
| Land And Building | 0 |
| Other Fixed Assets | 12,257 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 238,366 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,879,260 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,231 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,446 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,448 |
| Regular shares | 16,948,903 |
| All Other Shares & Deposits | 6,711,981 |
| TOTAL SHARES & DEPOSITS | 23,726,332 |
| TOTAL LIABILITIES | 23,848,009 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,031,251 |
| TOTAL EQUITY | 4,031,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,879,260 |
| INCOME & EXPENSE | |
| Loan Income | 791,726 |
| Investment Income | 319,304 |
| Other Income | 12,348 |
| Total Employee Compensation & Benefits | 260,504 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 256,281 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,438 |
| Cost of Funds | 333,713 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 341,318 |
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