Dec, 31, 2023 — OLD SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHEZ, MS with 1 branch location and about $18.07 million in total assets. Opened 71 years ago in 1953, OLD SOUTH FEDERAL CREDIT UNION has about 2,753 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OLD SOUTH FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 148 N SHIELDS LN NATCHEZ, MS 39120-4195 |
Phone: | (601) 442-4382 |
Fax: | (601) 446-9592 |
Website: | https://www.oldsouthfcu.com |
Branches: | 1 branch locations |
Members: | 2,753 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8840 |
---|---|
Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,070,048 |
CEO/Manager: | STACY T MCCANN |
Chairperson: | MICHAEL ANDERSON |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,175,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,090,477 |
Other Loans | 7,440,327 |
TOTAL LOANS | 8,530,804 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,107 |
Land And Building | 469,413 |
Other Fixed Assets | 51,010 |
NCUSIF Deposit | 179,681 |
All Other Assets | 0 |
TOTAL ASSETS | 18,070,048 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 100,252 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,395,766 |
Regular shares | 13,798,883 |
All Other Shares & Deposits | 440,818 |
TOTAL SHARES & DEPOSITS | 15,635,467 |
TOTAL LIABILITIES | 15,736,184 |
Regular Reserve | 0 |
Other Reserves | -581,988 |
Undivided Earnings | 2,915,852 |
TOTAL EQUITY | 2,333,864 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,070,048 |
INCOME & EXPENSE | |
Loan Income | 637,166 |
Investment Income | 178,855 |
Other Income | 305,431 |
Total Employee Compensation & Benefits | 441,329 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 529,371 |
Non-operating Income & (Expense) | 47,573 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,773 |
Cost of Funds | 20,594 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 147,982 |
↑ Back to Top |