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ARMSTRONG FEDERAL CREDIT UNION

Dec, 31, 2021 — ARMSTRONG FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 0 branch location and about $3.19 million in total assets. Opened 66 years ago in 1956, ARMSTRONG FEDERAL CREDIT UNION has about 362 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:362
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:$3,192,054
CEO/Manager:Linda M Alford
Chairperson:CURTIS B SIMPSON

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 509,919
TOTAL INVESTMENTS 125,844
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 443,062
 Other Loans 2,081,384
 TOTAL LOANS 2,524,446
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,061
 Land And Building 0
 Other Fixed Assets 21
 NCUSIF Deposit 24,399
 All Other Assets 16,486
  TOTAL ASSETS 3,192,054
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,151
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,926,262
 All Other Shares & Deposits 723,681
  TOTAL SHARES & DEPOSITS 2,649,943
  TOTAL LIABILITIES 2,664,094
 Regular Reserve 153,286
 Other Reserves 0
 Undivided Earnings 374,674
  TOTAL EQUITY 527,960
  TOTAL LIABILITIES, SHARES, & EQUITY 3,192,054
INCOME & EXPENSE  
 Loan Income 186,832
 Investment Income 1,123
 Other Income 17,885
 Total Employee Compensation & Benefits 132,452
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 60,507
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -9,938
 Cost of Funds 9,872
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,947
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