Mar, 31, 2021 — MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Jackson, MS with 1 branch location and about $30.82 million in total assets. Opened 55 years ago in 1966, MISSISSIPPI PUBLIC EMPLOYEES CREDIT UNION has about 6,179 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: | 6,179 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,819,260 |
| CEO/Manager: | Debbie Cox |
| Chairperson: | Robert Fagen Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,952,354 |
| TOTAL INVESTMENTS | 13,729,317 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,523,220 |
| Other Loans | 6,960,348 |
| TOTAL LOANS | 8,483,568 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,363 |
| Land And Building | 378,800 |
| Other Fixed Assets | 20,360 |
| NCUSIF Deposit | 203,238 |
| All Other Assets | 77,986 |
| TOTAL ASSETS | 30,819,260 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 97,790 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,957,288 |
| Regular shares | 23,134,978 |
| All Other Shares & Deposits | 905,767 |
| TOTAL SHARES & DEPOSITS | 26,998,033 |
| TOTAL LIABILITIES | 27,095,849 |
| Regular Reserve | 353,685 |
| Other Reserves | 1,563 |
| Undivided Earnings | 3,368,163 |
| TOTAL EQUITY | 3,723,411 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,819,260 |
| INCOME & EXPENSE | |
| Loan Income | 157,224 |
| Investment Income | 22,775 |
| Other Income | 52,279 |
| Total Employee Compensation & Benefits | 134,914 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 182,067 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,176 |
| Cost of Funds | 1,729 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -32,730 |
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