ELEVATOR FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — ELEVATOR FEDERAL CREDIT UNION is a federal credit union headquartered in OLIVE BRANCH, MS with 1 branch location and about $17.76 million in total assets. Opened 57 years ago in 1967, ELEVATOR FEDERAL CREDIT UNION has about 1,750 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: | ELEVATOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. BOX 368 OLIVE BRANCH, MS 38654 |
| Phone: | (662) 895-2964 |
| Fax: | (662) 895-5464 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,750 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24890 |
|---|---|
| Membership Type: | Manufacturing - Machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,759,382 |
| CEO/Manager: | Pamela Collier |
| Chairperson: | Jeremy Prather |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,241,903 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,129,559 |
| Other Loans | 4,109,109 |
| TOTAL LOANS | 5,238,668 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,515 |
| Land And Building | 0 |
| Other Fixed Assets | 6,925 |
| NCUSIF Deposit | 142,719 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,759,382 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,445 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 14,556,422 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 14,556,422 |
| TOTAL LIABILITIES | 14,582,867 |
| Regular Reserve | 0 |
| Other Reserves | 100,000 |
| Undivided Earnings | 3,076,515 |
| TOTAL EQUITY | 3,176,515 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,759,382 |
| INCOME & EXPENSE | |
| Loan Income | 304,324 |
| Investment Income | 89,869 |
| Other Income | 73,978 |
| Total Employee Compensation & Benefits | 117,570 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 135,129 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,606 |
| Cost of Funds | 75,996 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 52,984 |
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