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MEMBERS EXCHANGE CREDIT UNION

Sep, 30, 2021 — MEMBERS EXCHANGE CREDIT UNION is a federally insured state chartered credit union headquartered in Jackson, MS with 3 branch locations and about $138.55 million in total assets. Opened 67 years ago in 1954, MEMBERS EXCHANGE CREDIT UNION has about 15,383 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:http://www.mecuanywhere.com
Branches:3 branch locations
Members:15,383
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60598
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$138,547,579
CEO/Manager:Mitzi Tate
Chairperson:Kenneth Allison

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,401,750
TOTAL INVESTMENTS 48,408,236
Loans Held for Sale 0
 
 Real Estate Loans 9,431,432
 Unsecured Loans 13,116,024
 Other Loans 39,076,633
 TOTAL LOANS 61,624,089
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -486,169
 Land And Building 5,574,965
 Other Fixed Assets 182,824
 NCUSIF Deposit 1,037,641
 All Other Assets 804,243
  TOTAL ASSETS 138,547,579
LIABILITIES & CAPITAL:  
 Dividends Payable 23,221
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,142,222
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,294,803
 Regular shares 49,841,647
 All Other Shares & Deposits 50,602,142
  TOTAL SHARES & DEPOSITS 113,738,592
  TOTAL LIABILITIES 115,904,035
 Regular Reserve 781,300
 Other Reserves 160,511
 Undivided Earnings 21,701,733
  TOTAL EQUITY 22,643,544
  TOTAL LIABILITIES, SHARES, & EQUITY 138,547,579
INCOME & EXPENSE  
 Loan Income 3,225,047
 Investment Income 444,799
 Other Income 2,169,964
 Total Employee Compensation & Benefits 2,668,167
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,729,760
 Non-operating Income & (Expense) 3,668
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -446,971
 Cost of Funds 517,377
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,289,825
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