Dec, 31, 2023 — CITIZENS CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHEZ, MS with 1 branch location and about $990,842 in total assets. Opened 58 years ago in 1966, CITIZENS CHOICE FEDERAL CREDIT UNION has about 372 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITIZENS CHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 Saint Catherine St NATCHEZ, MS 39120 |
| Phone: | (601) 442-5888 |
| Fax: | (601) 442-5857 |
| Website: | https://www.citizenschoicefederal.com/ |
| Branches: | 1 branch locations |
| Members: | 372 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17715 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $990,842 |
| CEO/Manager: | Patricia D Smith |
| Chairperson: | Charles Mock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 462,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 200,528 |
| Other Loans | 189,065 |
| TOTAL LOANS | 389,593 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,059 |
| Land And Building | 116,938 |
| Other Fixed Assets | 2,738 |
| NCUSIF Deposit | 9,067 |
| All Other Assets | 0 |
| TOTAL ASSETS | 990,842 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 59,574 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 656,572 |
| All Other Shares & Deposits | 175,000 |
| TOTAL SHARES & DEPOSITS | 831,571 |
| TOTAL LIABILITIES | 891,145 |
| Regular Reserve | 0 |
| Other Reserves | 34,302 |
| Undivided Earnings | 65,395 |
| TOTAL EQUITY | 99,697 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 990,842 |
| INCOME & EXPENSE | |
| Loan Income | 51,292 |
| Investment Income | 13,959 |
| Other Income | 12,155 |
| Total Employee Compensation & Benefits | 45,532 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 58,477 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -915 |
| Cost of Funds | 2,146 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -27,834 |
| ↑ Back to Top | |