COMMFIRST FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://commfirstfcu.com for more information.
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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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