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MEMBERS EXCHANGE CREDIT UNION

Jun, 30, 2024 — MEMBERS EXCHANGE CREDIT UNION is a federal credit union headquartered in Jackson, MS with 3 branch locations and about $130.10 million in total assets. Opened 70 years ago in 1954, MEMBERS EXCHANGE CREDIT UNION has about 13,080 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265377484
Name:MEMBERS EXCHANGE CREDIT UNION
Address:
(Main Office)
P O Box 31049
Jackson, MS 39286-1049
Phone:(601) 922-3350
Fax:(601) 922-1733
Website:https://www.mecuanywhere.com
Branches:3 branch locations
Members:13,080
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$130,103,427
CEO/Manager:Mitzi Tate
Chairperson:Kenneth Allison

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,173,995
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,498,905
 Unsecured Loans 9,748,103
 Other Loans 46,764,765
 TOTAL LOANS 66,011,773
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -574,310
 Land And Building 5,300,220
 Other Fixed Assets 120,607
 NCUSIF Deposit 1,018,572
 All Other Assets 0
  TOTAL ASSETS 130,103,427
LIABILITIES & CAPITAL:  
 Dividends Payable 50,531
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,649,646
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,223,263
 Regular shares 44,399,252
 All Other Shares & Deposits 44,103,113
  TOTAL SHARES & DEPOSITS 100,725,627
  TOTAL LIABILITIES 103,425,804
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 26,677,623
  TOTAL EQUITY 26,677,623
  TOTAL LIABILITIES, SHARES, & EQUITY 130,103,427
INCOME & EXPENSE  
 Loan Income 4,604,947
 Investment Income 1,438,102
 Other Income 3,011,455
 Total Employee Compensation & Benefits 3,777,890
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,566,365
 Non-operating Income & (Expense) 28,949
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 399,576
 Cost of Funds 942,904
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,600,699
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