Dec, 31, 2023 — OLD SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHEZ, MS with 1 branch location and about $18.07 million in total assets. Opened 71 years ago in 1953, OLD SOUTH FEDERAL CREDIT UNION has about 2,753 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLD SOUTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 148 N SHIELDS LN NATCHEZ, MS 39120-4195 |
| Phone: | (601) 442-4382 |
| Fax: | (601) 446-9592 |
| Website: | https://www.oldsouthfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,753 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8840 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,070,048 |
| CEO/Manager: | STACY T MCCANN |
| Chairperson: | MICHAEL ANDERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,175,591 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,090,477 |
| Other Loans | 7,440,327 |
| TOTAL LOANS | 8,530,804 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,107 |
| Land And Building | 469,413 |
| Other Fixed Assets | 51,010 |
| NCUSIF Deposit | 179,681 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,070,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,252 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,395,766 |
| Regular shares | 13,798,883 |
| All Other Shares & Deposits | 440,818 |
| TOTAL SHARES & DEPOSITS | 15,635,467 |
| TOTAL LIABILITIES | 15,736,184 |
| Regular Reserve | 0 |
| Other Reserves | -581,988 |
| Undivided Earnings | 2,915,852 |
| TOTAL EQUITY | 2,333,864 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,070,048 |
| INCOME & EXPENSE | |
| Loan Income | 637,166 |
| Investment Income | 178,855 |
| Other Income | 305,431 |
| Total Employee Compensation & Benefits | 441,329 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 529,371 |
| Non-operating Income & (Expense) | 47,573 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,773 |
| Cost of Funds | 20,594 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 147,982 |
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