Dec, 31, 2023 — NORTHEAST MISSISSIPPI FEDERAL CREDIT UNION is a federal credit union headquartered in AMORY, MS with 1 branch location and about $6.83 million in total assets. Opened 60 years ago in 1964, NORTHEAST MISSISSIPPI FEDERAL CREDIT UNION has about 956 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: | NORTHEAST MISSISSIPPI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 3rd Ave S AMORY, MS 38821-4224 |
| Phone: | (662) 256-9697 |
| Fax: | (662) 256-3351 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 956 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16449 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,826,137 |
| CEO/Manager: | Sandra T Vaughan |
| Chairperson: | Judy L Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,820,878 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 583,833 |
| Unsecured Loans | 171,575 |
| Other Loans | 3,989,948 |
| TOTAL LOANS | 4,745,356 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,843 |
| Land And Building | 131,429 |
| Other Fixed Assets | 11,649 |
| NCUSIF Deposit | 54,133 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,826,137 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,348,016 |
| All Other Shares & Deposits | 3,510,670 |
| TOTAL SHARES & DEPOSITS | 5,858,687 |
| TOTAL LIABILITIES | 5,871,483 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 954,654 |
| TOTAL EQUITY | 954,654 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,826,137 |
| INCOME & EXPENSE | |
| Loan Income | 327,310 |
| Investment Income | 19,376 |
| Other Income | 22,947 |
| Total Employee Compensation & Benefits | 131,936 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 81,277 |
| Non-operating Income & (Expense) | -18,022 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,470 |
| Cost of Funds | 106,646 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -125,016 |
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