Dec, 31, 2023 — FORREST COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HATTIESBURG, MS with 0 branch location and about $197,816 in total assets. Opened 63 years ago in 1961, FORREST COUNTY TEACHERS FEDERAL CREDIT UNION has about 248 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: | FORREST COUNTY TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 610 Dumas Ave HATTIESBURG, MS 39401-6424 |
Phone: | (601) 282-8751 |
Fax: | |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 248 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14193 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $197,816 |
CEO/Manager: | Keidra Roberts |
Chairperson: | Ernest Collins |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,268 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 70,139 |
Other Loans | 89,840 |
TOTAL LOANS | 159,979 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,060 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 1,957 |
All Other Assets | 0 |
TOTAL ASSETS | 197,816 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,000 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 185,324 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 185,324 |
TOTAL LIABILITIES | 186,324 |
Regular Reserve | 0 |
Other Reserves | 14,859 |
Undivided Earnings | -3,367 |
TOTAL EQUITY | 11,492 |
TOTAL LIABILITIES, SHARES, & EQUITY | 197,816 |
INCOME & EXPENSE | |
Loan Income | 16,352 |
Investment Income | 430 |
Other Income | 10,585 |
Total Employee Compensation & Benefits | 16,464 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,027 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,945 |
Cost of Funds | 188 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,367 |
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