ARMSTRONG FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — ARMSTRONG FEDERAL CREDIT UNION is a federal credit union headquartered in BYRAM, MS with 0 branch location and about $2.94 million in total assets. Opened 68 years ago in 1956, ARMSTRONG FEDERAL CREDIT UNION has about 324 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) | 7375 S SIWELL RD BYRAM, MS 39272-8741 |
| Phone: | (601) 922-7055 |
| Fax: | |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 324 |
| 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: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,942,193 |
| CEO/Manager: | BETTY F PITTS |
| Chairperson: | CURTIS B SIMPSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 284,001 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 375,611 |
| Other Loans | 2,220,523 |
| TOTAL LOANS | 2,596,134 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,293 |
| Land And Building | 0 |
| Other Fixed Assets | 2,476 |
| NCUSIF Deposit | 26,499 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,942,193 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,856 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,809,591 |
| All Other Shares & Deposits | 575,387 |
| TOTAL SHARES & DEPOSITS | 2,384,978 |
| TOTAL LIABILITIES | 2,393,834 |
| Regular Reserve | 0 |
| Other Reserves | 153,286 |
| Undivided Earnings | 395,073 |
| TOTAL EQUITY | 548,359 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,942,193 |
| INCOME & EXPENSE | |
| Loan Income | 129,464 |
| Investment Income | 1,875 |
| Other Income | 12,157 |
| Total Employee Compensation & Benefits | 78,282 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,589 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,619 |
| Cost of Funds | 6,607 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,399 |
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