Dec, 31, 2023 — VICKSBURG RAILROAD FEDERAL CREDIT UNION is a federal credit union headquartered in VICKSBURG, MS with 1 branch location and about $11.33 million in total assets. Opened 90 years ago in 1934, VICKSBURG RAILROAD FEDERAL CREDIT UNION has about 1,039 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VICKSBURG RAILROAD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2101 Cherry St VICKSBURG, MS 39180-3805 |
| Phone: | (601) 638-3134 |
| Fax: | (601) 638-3163 |
| Website: | https://www.vrcums.com |
| Branches: | 1 branch locations |
| Members: | 1,039 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24892 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,330,523 |
| CEO/Manager: | David H Bell |
| Chairperson: | Hugh J Freeman, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 616,701 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 728,655 |
| Unsecured Loans | 661,071 |
| Other Loans | 6,414,554 |
| TOTAL LOANS | 7,804,280 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,407 |
| Land And Building | 195,824 |
| Other Fixed Assets | 7,333 |
| NCUSIF Deposit | 77,108 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,330,523 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,592 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 325,581 |
| Regular shares | 4,960,996 |
| All Other Shares & Deposits | 2,248,202 |
| TOTAL SHARES & DEPOSITS | 7,534,779 |
| TOTAL LIABILITIES | 7,542,371 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,788,152 |
| TOTAL EQUITY | 3,788,152 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,330,523 |
| INCOME & EXPENSE | |
| Loan Income | 447,460 |
| Investment Income | 128,672 |
| Other Income | 55,572 |
| Total Employee Compensation & Benefits | 259,905 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 234,812 |
| Non-operating Income & (Expense) | -8,085 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,996 |
| Cost of Funds | 69,664 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 68,709 |
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