Sep, 30, 2025 — SUNBELT FEDERAL CREDIT UNION is a federal credit union headquartered in HATTIESBURG, MS with 10 branch locations and about $337.26 million in total assets. Opened 73 years ago in 1953, SUNBELT FEDERAL CREDIT UNION has about 35,775 members and employs 108 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUNBELT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6885 U S Highway 49 HATTIESBURG, MS 39402 |
| Phone: | (601) 649-7181 |
| Fax: | |
| Website: | https://www.sunbeltfcu.org |
| Branches: | 10 branch locations |
| Members: | 35,775 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8905 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $337,261,678 |
| CEO/Manager: | W. Christopher Hammond |
| Chairperson: | Jolee Moorer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 46,987,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,079,729 |
| Unsecured Loans | 42,850,015 |
| Other Loans | 136,909,168 |
| TOTAL LOANS | 214,838,912 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,576,661 |
| Land And Building | 18,197,000 |
| Other Fixed Assets | 3,113,872 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,477,764 |
| All Other Assets | 216,000 |
| TOTAL ASSETS | 337,261,678 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,787,003 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,613,732 |
| Regular shares | 90,592,001 |
| All Other Shares & Deposits | 136,733,644 |
| TOTAL SHARES & DEPOSITS | 278,939,378 |
| TOTAL LIABILITIES | 283,726,381 |
| Regular Reserve | 0 |
| Other Reserves | -2,239,218 |
| Undivided Earnings | 55,774,515 |
| TOTAL EQUITY | 53,535,297 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 337,261,678 |
| INCOME & EXPENSE | |
| Loan Income | 13,457,659 |
| Investment Income | 2,225,992 |
| Other Income | 6,740,065 |
| Total Employee Compensation & Benefits | 6,262,521 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,233,729 |
| Non-operating Income & (Expense) | -33,935 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,958,040 |
| Cost of Funds | 4,234,809 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,552,406 |
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