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MEMBERS EXCHANGE CREDIT UNION

Mar, 31, 2021 — MEMBERS EXCHANGE CREDIT UNION is a federally insured state chartered credit union headquartered in Jackson, MS with 3 branch locations and about $139.36 million in total assets. Opened 67 years ago in 1954, MEMBERS EXCHANGE CREDIT UNION has about 15,301 members and employs 41 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:15,301
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:$139,361,904
CEO/Manager:Mitzi Tate
Chairperson:Kenneth Allison

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,767,913
TOTAL INVESTMENTS 48,910,150
Loans Held for Sale 0
 
 Real Estate Loans 8,552,732
 Unsecured Loans 14,575,916
 Other Loans 37,601,616
 TOTAL LOANS 60,730,264
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -873,174
 Land And Building 5,656,823
 Other Fixed Assets 214,026
 NCUSIF Deposit 1,022,237
 All Other Assets 933,665
  TOTAL ASSETS 139,361,904
LIABILITIES & CAPITAL:  
 Dividends Payable 30,143
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,777,591
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,759,032
 Regular shares 51,354,829
 All Other Shares & Deposits 49,822,422
  TOTAL SHARES & DEPOSITS 115,936,283
  TOTAL LIABILITIES 117,744,017
 Regular Reserve 781,300
 Other Reserves 145,105
 Undivided Earnings 20,691,482
  TOTAL EQUITY 21,617,887
  TOTAL LIABILITIES, SHARES, & EQUITY 139,361,904
INCOME & EXPENSE  
 Loan Income 980,894
 Investment Income 160,595
 Other Income 644,450
 Total Employee Compensation & Benefits 841,203
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 894,136
 Non-operating Income & (Expense) 1,547
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -139,202
 Cost of Funds 196,394
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 279,572
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