Dec, 31, 2023 — MISSISSIPPI CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in MORTON, MS with 1 branch location and about $2.04 million in total assets. Opened 38 years ago in 1986, MISSISSIPPI CENTRAL FEDERAL CREDIT UNION has about 2,328 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: | MISSISSIPPI CENTRAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 5134 Highway 80 MORTON, MS 39117-3636 |
Phone: | (601) 732-8887 |
Fax: | (601) 732-1795 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 2,328 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24273 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1986 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,039,246 |
CEO/Manager: | Susan R Pinter |
Chairperson: | Guy Bounds |
ASSETS: | $ Amount |
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Cash & Equivalents | 630,182 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 626,919 |
Other Loans | 550,801 |
TOTAL LOANS | 1,177,720 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,690 |
Land And Building | 186,023 |
Other Fixed Assets | 10,493 |
NCUSIF Deposit | 28,058 |
All Other Assets | 0 |
TOTAL ASSETS | 2,039,246 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,053 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,773,729 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,773,729 |
TOTAL LIABILITIES | 1,791,782 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 247,464 |
TOTAL EQUITY | 247,464 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,039,246 |
INCOME & EXPENSE | |
Loan Income | 173,089 |
Investment Income | 5,354 |
Other Income | 62,350 |
Total Employee Compensation & Benefits | 187,529 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 90,827 |
Non-operating Income & (Expense) | -20,039 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -19,911 |
Cost of Funds | 37,252 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -74,943 |
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