Jun, 30, 2021 — MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Jackson, MS with 1 branch location and about $30.54 million in total assets. Opened 55 years ago in 1966, MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION has about 6,130 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 613 S West St Jackson, MS 39201-5506 |
| Phone: | (601) 948-8191 |
| Fax: | (601) 948-8198 |
| Website: | http://www.mspecu.org |
| Branches: | 1 branch locations |
| Members: | 6,130 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63442 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,544,846 |
| CEO/Manager: | Debbie Cox |
| Chairperson: | Robert Fagen Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,616,143 |
| TOTAL INVESTMENTS | 14,226,005 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,604,695 |
| Other Loans | 7,405,440 |
| TOTAL LOANS | 9,010,135 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,122 |
| Land And Building | 376,196 |
| Other Fixed Assets | 17,989 |
| NCUSIF Deposit | 243,356 |
| All Other Assets | 80,144 |
| TOTAL ASSETS | 30,544,846 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 46 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 108,355 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,561,560 |
| Regular shares | 23,260,430 |
| All Other Shares & Deposits | 904,098 |
| TOTAL SHARES & DEPOSITS | 26,726,088 |
| TOTAL LIABILITIES | 26,834,489 |
| Regular Reserve | 353,685 |
| Other Reserves | 1,421 |
| Undivided Earnings | 3,355,251 |
| TOTAL EQUITY | 3,710,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,544,846 |
| INCOME & EXPENSE | |
| Loan Income | 301,582 |
| Investment Income | 39,187 |
| Other Income | 121,447 |
| Total Employee Compensation & Benefits | 265,318 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 367,564 |
| Non-operating Income & (Expense) | 18,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,189 |
| Cost of Funds | 3,448 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -45,644 |
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