2025-11-11T15:26:47-05:00 2024-12-31 853667394 CORBIN & BIGGS PLLC 385-B HIGHLAND COLONY PARKWAY SUIT RIDGELAND MS 39157 990 2024-01-01 640802704 MISSISSIPPI BANKERS VOLUNTARY EMPLOYEES' ASSOCIATION PLAN & TRUST MISS 6019486366 409 WEST PARKWAY PLACE STE 100 RIDGELAND MS 39157 GORDON FELLOWS PLAN SECRETARY 6019486366 2025-11-15 true true GEORGE M BIGGS JR P00912499 6019572001 2025-11-11 2024 2025-03-06 01:10:19Z GORDON FELLOWS 409 WEST PARKWAY PLACE STE 100 RIDGELAND MS 39157 27903624 false X MSBANKERS.COM X 1954 MS VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION OPERATING UNDER IRC SECTION 501(C)(9). 8 8 0 485970 466578 0 24231482 27417654 354422 485970 0 24585904 27903624 0 21508386 27184590 0 0 0 3657770 4115252 25166156 31299842 -580252 -3396218 14648697 14734123 4142586 7649403 10506111 7084720 VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION OPERATING UNDER IRC SECTION 501(C)(9). false false THE PREMIUMS RECEIVED FROM VARIOUS MEMBER BANKS ARE USED TO PAY FOR MEDICAL AND LIFE INSURANCE FOR THE EMPLOYEES OF THE MEMBER BANKS. false false false false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 2 0 0 true true false false false false false false false false false false false false false X 8 8 false false false false false false false true true false false false true true true false true false false false X GORDON FELLOWS 6019486366 409 WEST PARKWAY PLACE STE 100 RIDGELAND MS 39157 X BEN ALDRIDGE TRUSTEE 2.00 X 0 0 0 JOHN BARRETT TRUSTEE 2.00 X 0 0 0 JEFF LACEY TRUSTEE 2.00 X 0 0 0 CLAYTON LEGEAR TRUSTEE 2.00 X 0 0 0 SAM MCCLATCHY TRUSTEE 2.00 X 0 0 0 JEFF MCCOY TRUSTEE 2.00 X 0 0 0 JENNIFER WALLACE TRUSTEE 2.00 X 0 0 0 DANNY WHALEN TRUSTEE 2.00 X 0 0 0 GORDON FELLOWS PLAN SECRETA 7.40 32.60 X 0 0 0 false false false BLUE CROSS BLUE SHIELD OF MS PO BOX 1045 JACKSON MS 39215 THIRD PARTY ADM 2964116 BLUE CROSS BLUE SHIELD OF MS PO BOX 1045 JACKSON MS 39215 REINSURANCE 696967 STOCKETT AND THOMAS AGENCY PO BOX 22829 JACKSON MS 392252829 COMMISSIONS 447573 3 PREMIUMS COLLECTED 27417654 27417654 27417654 485970 485970 27903624 27417654 485970 X 27184590 204700 46390 3661083 5048 36000 UNRELATED BUSINESS INCOME 143345 LETTER OF CREDIT 18686 31299842 0 0 0 1639253 1252644 12154 5517 31907 48662 12896900 13318969 68483 108331 14648697 14734123 6569 13884 4136017 7635519 4142586 7649403 X 10506111 7084720 10506111 7084720 14648697 14734123 -3396218 -25173 X false true true false BENEFIT OBLIGATIONS 7635519 7635519 X 27878451 -25173 -25173 27903624 27903624 31299842 31299842 31299842 SCHEDULE D, PAGE 3, PART X THE VEBA TRUST THAT FUNDS CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(9). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. AMOUNTS INCURRED BY THE PLAN FOR UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, WERE 143,345 AND 95,995, RESPECTIVELY. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PAGE 6, PART VI, LINE 11B THE PLAN'S MANAGEMENT REVIEWS THE 990 WITH THE PREPARING CPA FIRM. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, THE TRUSTEES DISCLOSE OR UPDATE TO THE CHAIRMAN OF TRUSTEES USING A QUESTIONNAIRE DEVELOPED TO DOCUMENT POTENTIAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G ADMIN FEE 3,661,083 0 0 MS ASSN OF FIN INST OF DEPOSIT 409 WEST PARKWAY PLACE STE 100 RIDGELAND MS 39157 640204860 SHARED EXP MS 501C6 N/A false AMORY FEDERAL SAVINGS & LOAN N/A false BANK OF ANGUILLA N/A false BANK OF BROOKHAVEN N/A false BANK OF FOREST N/A false BANK OF FRANKLIN N/A false BANK OF HOLLY SPRINGS N/A false BANK OF KILMICHAEL N/A false BANK OF OKOLONA N/A false BANK OF WIGGINS N/A false BANK OF WINONA N/A false BANK OF YAZOO CITY N/A false BNA BANK N/A false CENTURY BANK N/A false THE CITIZENS BANK OF COLUMBIA N/A false THE CITIZENS BANK OF PHILADELPHIA N/A false CITIZENS BANK AND TRUST OF MARKS N/A false CLEVELAND STATE BANK N/A false COMMERCE NATIONAL BANK N/A false COVINGTON COUNTY BANK N/A false FIRST BANK N/A false FIRST CHOICE BANK N/A false FIRST COMMERCIAL BANK N/A false FIRST NATIONAL BANK CLARKSDALE N/A false FIRST NATIONAL BANK OXFORD N/A false FIRST NATIONAL BANK PICAYUNE N/A false FIRST NATIONAL BANKERS BANK N/A false FIRST SECURITY BANK N/A false FIRST STATE BANK WAYNESBORO N/A false GENESIS BANK N/A false GREAT SOUTHERN NATIONAL BANK N/A false HOLMES COUNTY BANK & TRUST N/A false MERCHANT & MARINE BANK N/A false MERCHANTS & PLANTERS BANK N/A false MS ASSN OF FIN INSTIT OF DEPOSIT N/A false OXFORD UNIVERSITY BANK N/A false PIKE NATIONAL BANK N/A false PRIORITY ONE BANK N/A false RICHTON BANK & TRUST N/A false RIVERHILLS BANK N/A false THE PEOPLES BANK RIPLEY N/A false UNITED MISSISSIPPI BANK N/A false UNITY BANK OF MISSISSIPPI N/A false false false false false false false false false false false false false false false false false false false false