Dec, 31, 2023 — SECURTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTHAVEN, MS with 2 branch locations and about $39.63 million in total assets. Opened 75 years ago in 1949, SECURTRUST FEDERAL CREDIT UNION has about 3,298 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SECURTRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3870 Goodman Rd SOUTHAVEN, MS 38672 |
| Phone: | (662) 890-8760 |
| Fax: | (662) 890-0821 |
| Website: | https://www.securtrust.org |
| Branches: | 2 branch locations |
| Members: | 3,298 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6370 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,631,009 |
| CEO/Manager: | Martha H Rushing |
| Chairperson: | Philip L Breazeale |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,954,783 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,927,819 |
| Unsecured Loans | 598,696 |
| Other Loans | 21,135,133 |
| TOTAL LOANS | 32,661,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -404,851 |
| Land And Building | 1,197,629 |
| Other Fixed Assets | 66,273 |
| NCUSIF Deposit | 292,311 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,631,009 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,853 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 316,519 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,305,257 |
| Regular shares | 11,056,019 |
| All Other Shares & Deposits | 16,549,561 |
| TOTAL SHARES & DEPOSITS | 31,910,837 |
| TOTAL LIABILITIES | 32,257,209 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,373,800 |
| TOTAL EQUITY | 7,373,800 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,631,009 |
| INCOME & EXPENSE | |
| Loan Income | 1,866,077 |
| Investment Income | 179,277 |
| Other Income | 378,856 |
| Total Employee Compensation & Benefits | 700,892 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 603,247 |
| Non-operating Income & (Expense) | 3,038 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,467 |
| Cost of Funds | 814,609 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 224,033 |
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