Dec, 31, 2023 — MISSISSIPPI COLLEGE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CLINTON, MS with 1 branch location and about $2.27 million in total assets. Opened 66 years ago in 1958, MISSISSIPPI COLLEGE EMPLOYEES FEDERAL CREDIT UNION has about 177 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MISSISSIPPI COLLEGE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Capitol St CLINTON, MS 39056-4026 |
| Phone: | (601) 925-3895 |
| Fax: | (601) 923-3864 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 177 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24895 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,267,635 |
| CEO/Manager: | Angela C Poole |
| Chairperson: | John Travis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 260,434 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 168,485 |
| Other Loans | 488,423 |
| TOTAL LOANS | 656,909 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,007 |
| Land And Building | 0 |
| Other Fixed Assets | 4 |
| NCUSIF Deposit | 19,130 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,267,635 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,562 |
| Notes & Interest Payable | 175,000 |
| Accounts Payable & Other Liabilities | 6,206 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,506,138 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,506,138 |
| TOTAL LIABILITIES | 1,702,906 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 564,729 |
| TOTAL EQUITY | 564,729 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,267,635 |
| INCOME & EXPENSE | |
| Loan Income | 50,135 |
| Investment Income | 50,138 |
| Other Income | 1,548 |
| Total Employee Compensation & Benefits | 31,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,009 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,715 |
| Cost of Funds | 57,898 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -26,890 |
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