Dec, 31, 2023 — NATCHEZ EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHEZ, MS with 1 branch location and about $1.32 million in total assets. Opened 63 years ago in 1961, NATCHEZ EDUCATORS FEDERAL CREDIT UNION has about 392 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NATCHEZ EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 10 Homochitto St NATCHEZ, MS 39120 |
Phone: | (601) 445-2851 |
Fax: | (601) 445-2911 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 392 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24896 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,315,339 |
CEO/Manager: | Teresa Ford |
Chairperson: | Lorene Mock |
ASSETS: | $ Amount |
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Cash & Equivalents | 65,544 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 375,735 |
Other Loans | 233,514 |
TOTAL LOANS | 609,249 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,207 |
Land And Building | 0 |
Other Fixed Assets | 171 |
NCUSIF Deposit | 7,358 |
All Other Assets | 0 |
TOTAL ASSETS | 1,315,339 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,000 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,605 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 679,932 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 679,932 |
TOTAL LIABILITIES | 685,537 |
Regular Reserve | 0 |
Other Reserves | 20,739 |
Undivided Earnings | 609,063 |
TOTAL EQUITY | 629,802 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,315,339 |
INCOME & EXPENSE | |
Loan Income | 83,258 |
Investment Income | 18,414 |
Other Income | 12,770 |
Total Employee Compensation & Benefits | 57,526 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,304 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,136 |
Cost of Funds | 5,620 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,948 |
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