Dec, 31, 2023 — AMPOT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, MS with 1 branch location and about $15.68 million in total assets. Opened 55 years ago in 1969, AMPOT FEDERAL CREDIT UNION has about 1,941 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: | AMPOT FEDERAL CREDIT UNION |
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Address: (Main Office) | 40481 Old Highway 45 S HAMILTON, MS 39746-8301 |
Phone: | (662) 343-8793 |
Fax: | (662) 343-8789 |
Website: | https://ampotfcu.org |
Branches: | 1 branch locations |
Members: | 1,941 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19538 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,682,389 |
CEO/Manager: | Melissa H Carter |
Chairperson: | Karen Gaudet |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,053,742 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 400,176 |
Other Loans | 6,985,302 |
TOTAL LOANS | 7,385,478 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,100 |
Land And Building | 123,968 |
Other Fixed Assets | 235 |
NCUSIF Deposit | 143,233 |
All Other Assets | 0 |
TOTAL ASSETS | 15,682,389 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 37 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 64,454 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 699,152 |
Regular shares | 6,228,514 |
All Other Shares & Deposits | 6,649,828 |
TOTAL SHARES & DEPOSITS | 13,577,494 |
TOTAL LIABILITIES | 13,641,985 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,040,404 |
TOTAL EQUITY | 2,040,404 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,682,389 |
INCOME & EXPENSE | |
Loan Income | 504,738 |
Investment Income | 288,496 |
Other Income | 77,098 |
Total Employee Compensation & Benefits | 260,935 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 247,820 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 108,314 |
Cost of Funds | 289,018 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -8,717 |
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