Dec, 31, 2023 — MCCOMB FEDERAL CREDIT UNION is a federal credit union headquartered in MCCOMB, MS with 1 branch location and about $6.68 million in total assets. Opened 84 years ago in 1940, MCCOMB FEDERAL CREDIT UNION has about 1,938 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MCCOMB FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 913 Delaware Ave MCCOMB, MS 39648 |
| Phone: | (601) 684-7764 |
| Fax: | (601) 684-7763 |
| Website: | https://mccombfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,938 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4090 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,678,357 |
| CEO/Manager: | Laura Burris |
| Chairperson: | Bryan McKenzie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,762,998 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,458,141 |
| Other Loans | 2,163,478 |
| TOTAL LOANS | 3,648,125 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,823 |
| Land And Building | 92,268 |
| Other Fixed Assets | 18,330 |
| NCUSIF Deposit | 57,461 |
| All Other Assets | 44,232 |
| TOTAL ASSETS | 6,678,357 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,836 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 614,452 |
| Regular shares | 5,017,308 |
| All Other Shares & Deposits | 68,865 |
| TOTAL SHARES & DEPOSITS | 5,700,625 |
| TOTAL LIABILITIES | 5,717,461 |
| Regular Reserve | 0 |
| Other Reserves | 149,858 |
| Undivided Earnings | 811,038 |
| TOTAL EQUITY | 960,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,678,357 |
| INCOME & EXPENSE | |
| Loan Income | 301,002 |
| Investment Income | 46,054 |
| Other Income | 95,443 |
| Total Employee Compensation & Benefits | 231,297 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 195,155 |
| Non-operating Income & (Expense) | 2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,277 |
| Cost of Funds | 12,284 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -72,970 |
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