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ARMSTRONG FEDERAL CREDIT UNION

Mar, 31, 2021 — ARMSTRONG FEDERAL CREDIT UNION is a federal credit union headquartered in Jackson, MS with 0 branch location and about $2.99 million in total assets. Opened 65 years ago in 1956, ARMSTRONG FEDERAL CREDIT UNION has about 364 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ARMSTRONG FEDERAL CREDIT UNION
Address:
(Main Office)
1085 Highway 80 W
Jackson, MS 39204-3919
Phone:(601) 960-5240
Fax:(601) 960-5297
Website:n/a
Branches:0 branch locations
Members:364
Credit Union Type:Federal Credit Union
Charter Number:24897
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1956
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,991,562
CEO/Manager:Linda M Alford
Chairperson:CURTIS B SIMPSON

Call Report

  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,043
TOTAL INVESTMENTS 325,844
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 431,512
 Other Loans 2,197,456
 TOTAL LOANS 2,628,968
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,224
 Land And Building 0
 Other Fixed Assets 21
 NCUSIF Deposit 23,633
 All Other Assets 14,277
  TOTAL ASSETS 2,991,562
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 10,000
 Accounts Payable & Other Liabilities 7,469
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,770,440
 All Other Shares & Deposits 679,361
  TOTAL SHARES & DEPOSITS 2,449,801
  TOTAL LIABILITIES 2,467,270
 Regular Reserve 153,286
 Other Reserves 0
 Undivided Earnings 371,006
  TOTAL EQUITY 524,292
  TOTAL LIABILITIES, SHARES, & EQUITY 2,991,562
INCOME & EXPENSE  
 Loan Income 47,731
 Investment Income 660
 Other Income 3,179
 Total Employee Compensation & Benefits 31,776
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,049
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,260
 Cost of Funds 2,726
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,279
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