Dec, 31, 2023 — PINE BELT FEDERAL CREDIT UNION is a federal credit union headquartered in HATTIESBURG, MS with 2 branch locations and about $13.15 million in total assets. Opened 82 years ago in 1942, PINE BELT FEDERAL CREDIT UNION has about 2,243 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PINE BELT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1808 Evelyn Gandy Parkway HATTIESBURG, MS 39401 |
| Phone: | (601) 583-3242 |
| Fax: | (601) 544-1756 |
| Website: | https://www.pinebeltfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,243 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4799 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,145,516 |
| CEO/Manager: | Brian Green |
| Chairperson: | Jackie R Lott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,207,604 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 150,830 |
| Unsecured Loans | 270,422 |
| Other Loans | 8,806,992 |
| TOTAL LOANS | 9,228,244 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,981 |
| Land And Building | 867,927 |
| Other Fixed Assets | 15,052 |
| NCUSIF Deposit | 92,880 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,145,516 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 84,637 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 500,362 |
| Regular shares | 5,344,559 |
| All Other Shares & Deposits | 3,465,487 |
| TOTAL SHARES & DEPOSITS | 9,310,408 |
| TOTAL LIABILITIES | 9,395,045 |
| Regular Reserve | 0 |
| Other Reserves | 162,548 |
| Undivided Earnings | 3,587,923 |
| TOTAL EQUITY | 3,750,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,145,516 |
| INCOME & EXPENSE | |
| Loan Income | 675,274 |
| Investment Income | 43,490 |
| Other Income | 207,633 |
| Total Employee Compensation & Benefits | 432,372 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 365,935 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,639 |
| Cost of Funds | 111,835 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,401 |
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