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MEMBERS EXCHANGE CREDIT UNION

Mar, 31, 2022 — MEMBERS EXCHANGE CREDIT UNION is a federally insured state chartered credit union headquartered in RIDGELAND, MS with 3 branch locations and about $144.78 million in total assets. Opened 68 years ago in 1954, MEMBERS EXCHANGE CREDIT UNION has about 14,813 members and employs 38 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)
107 Marketridge Dr
RIDGELAND, MS 39157-6027
Phone:(601) 922-3350
Fax:(601) 922-1733
Website:http://www.mecuanywhere.com
Branches:3 branch locations
Members:14,813
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$144,780,026
CEO/Manager:Mitzi Tate
Chairperson:Kenneth Allison

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 30,987,405
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,013,477
 Unsecured Loans 10,052,144
 Other Loans 38,897,689
 TOTAL LOANS 56,963,310
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -288,509
 Land And Building 5,492,203
 Other Fixed Assets 184,382
 NCUSIF Deposit 1,131,152
 All Other Assets 0
  TOTAL ASSETS 144,780,026
LIABILITIES & CAPITAL:  
 Dividends Payable 23,339
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,248,619
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,544,102
 Regular shares 53,450,884
 All Other Shares & Deposits 50,721,412
  TOTAL SHARES & DEPOSITS 118,716,398
  TOTAL LIABILITIES 120,988,356
 Regular Reserve 0
 Other Reserves 938,643
 Undivided Earnings 22,853,027
  TOTAL EQUITY 23,791,670
  TOTAL LIABILITIES, SHARES, & EQUITY 144,780,026
INCOME & EXPENSE  
 Loan Income 1,081,208
 Investment Income 127,864
 Other Income 712,583
 Total Employee Compensation & Benefits 837,134
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 875,410
 Non-operating Income & (Expense) 572
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -126,065
 Cost of Funds 148,213
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 492,344
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