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COMMFIRST FEDERAL CREDIT UNION

Jun, 30, 2024 — COMMFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in Jackson, MS with 1 branch location and about $16.33 million in total assets. Opened 70 years ago in 1954, COMMFIRST FEDERAL CREDIT UNION has about 2,388 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COMMFIRST FEDERAL CREDIT UNION
Address:
(Main Office)
1151 N State St, Suite 104
Jackson, MS 39202-2407
Phone:(601) 968-1213
Fax:(601) 960-3337
Website:https://commfirstfcu.com
Branches:1 branch locations
Members:2,388
Credit Union Type:Federal Credit Union
Charter Number:9567
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$16,329,615
CEO/Manager:Sheila A Bridges
Chairperson:Jessie M Evans

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,694,773
TOTAL INVESTMENTS 2,763,546
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 906,547
 Other Loans 6,800,697
 TOTAL LOANS 7,721,709
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,083
 Land And Building 0
 Other Fixed Assets 30,289
 NCUSIF Deposit 122,694
 All Other Assets 29,687
  TOTAL ASSETS 16,329,615
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 76,456
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,324,015
 Regular shares 11,981,506
 All Other Shares & Deposits 574,463
  TOTAL SHARES & DEPOSITS 13,879,984
  TOTAL LIABILITIES 13,956,440
 Regular Reserve 0
 Other Reserves 35,575
 Undivided Earnings 2,337,600
  TOTAL EQUITY 2,373,175
  TOTAL LIABILITIES, SHARES, & EQUITY 16,329,615
INCOME & EXPENSE  
 Loan Income 363,745
 Investment Income 33,948
 Other Income 395,126
 Total Employee Compensation & Benefits 294,928
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 316,446
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,785
 Cost of Funds 55,637
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 130,593
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