Sep, 30, 2025 — MEMBERS EXCHANGE CREDIT UNION is a federal credit union headquartered in RIDGELAND, MS with 3 branch locations and about $138.24 million in total assets. Opened 72 years ago in 1954, MEMBERS EXCHANGE CREDIT UNION has about 12,070 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS EXCHANGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 107 Marketridge Dr RIDGELAND, MS 39157-6027 |
| Phone: | (601) 922-3350 |
| Fax: | (601) 922-1733 |
| Website: | https://www.mecuanywhere.com |
| Branches: | 3 branch locations |
| Members: | 12,070 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24952 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $138,243,958 |
| CEO/Manager: | Susan Boshart |
| Chairperson: | Kenneth Allison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,229,079 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,283,752 |
| Unsecured Loans | 7,855,817 |
| Other Loans | 44,663,472 |
| TOTAL LOANS | 64,803,041 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -366,307 |
| Land And Building | 5,020,038 |
| Other Fixed Assets | 178,636 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 973,210 |
| All Other Assets | 8,207 |
| TOTAL ASSETS | 138,243,958 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 61,141 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,227,295 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,274,533 |
| Regular shares | 45,501,923 |
| All Other Shares & Deposits | 48,666,091 |
| TOTAL SHARES & DEPOSITS | 106,442,547 |
| TOTAL LIABILITIES | 108,730,983 |
| Regular Reserve | 0 |
| Other Reserves | 46,762 |
| Undivided Earnings | 29,466,213 |
| TOTAL EQUITY | 29,512,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 138,243,958 |
| INCOME & EXPENSE | |
| Loan Income | 3,350,740 |
| Investment Income | 2,242,535 |
| Other Income | 1,878,643 |
| Total Employee Compensation & Benefits | 3,140,588 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,892,137 |
| Non-operating Income & (Expense) | 1,424 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 182,572 |
| Cost of Funds | 1,086,452 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,076,121 |
| ↑ Back to Top | |