Sep, 30, 2025 — STATEWIDE FEDERAL CREDIT UNION is a federal credit union headquartered in FLOWOOD, MS with 4 branch locations and about $196.78 million in total assets. Opened 77 years ago in 1949, STATEWIDE FEDERAL CREDIT UNION has about 23,510 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATEWIDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 295 E Layfair Dr FLOWOOD, MS 39232-9527 |
| Phone: | (601) 420-5535 |
| Fax: | (601) 420-5689 |
| Website: | https://www.statewidefcu.org |
| Branches: | 4 branch locations |
| Members: | 23,510 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6369 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $196,782,660 |
| CEO/Manager: | Casey M Bacon |
| Chairperson: | Thomas L Waller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,035,277 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,884,053 |
| Unsecured Loans | 16,632,946 |
| Other Loans | 83,751,519 |
| TOTAL LOANS | 118,268,518 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,001,747 |
| Land And Building | 4,501,799 |
| Other Fixed Assets | 162,176 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,628,786 |
| All Other Assets | 26,228 |
| TOTAL ASSETS | 196,782,660 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 184 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,229,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,516,965 |
| Regular shares | 49,086,409 |
| All Other Shares & Deposits | 96,203,516 |
| TOTAL SHARES & DEPOSITS | 176,806,891 |
| TOTAL LIABILITIES | 180,036,669 |
| Regular Reserve | 0 |
| Other Reserves | -1,568,767 |
| Undivided Earnings | 18,314,758 |
| TOTAL EQUITY | 16,745,991 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 196,782,660 |
| INCOME & EXPENSE | |
| Loan Income | 6,592,202 |
| Investment Income | 1,404,722 |
| Other Income | 2,289,868 |
| Total Employee Compensation & Benefits | 3,208,739 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,279,497 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,610,445 |
| Cost of Funds | 2,018,435 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 707,062 |
| ↑ Back to Top | |