Sep, 30, 2025 — SHELBY/BOLIVAR COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in BOYLE, MS with 1 branch location and about $4.50 million in total assets. Opened 71 years ago in 1955, SHELBY/BOLIVAR COUNTY FEDERAL CREDIT UNION has about 1,962 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHELBY/BOLIVAR COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 630 Gaines Hwy BOYLE, MS 38730 |
| Phone: | (662) 843-0060 |
| Fax: | (662) 843-6556 |
| Website: | https://www.shelbycu.org |
| Branches: | 1 branch locations |
| Members: | 1,962 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9974 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Feb 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,501,422 |
| CEO/Manager: | Barbara B Black |
| Chairperson: | Robert Scott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,230,537 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 169,685 |
| Other Loans | 1,058,017 |
| TOTAL LOANS | 1,227,702 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,584 |
| Land And Building | 28,012 |
| Other Fixed Assets | 15,121 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 33,335 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,501,422 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,917 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,329 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,017,840 |
| All Other Shares & Deposits | 564,543 |
| TOTAL SHARES & DEPOSITS | 3,582,383 |
| TOTAL LIABILITIES | 3,644,629 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 856,793 |
| TOTAL EQUITY | 856,793 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,501,422 |
| INCOME & EXPENSE | |
| Loan Income | 97,880 |
| Investment Income | 62,135 |
| Other Income | 54,071 |
| Total Employee Compensation & Benefits | 82,016 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 69,451 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,756 |
| Cost of Funds | 17,391 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,472 |
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