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601-649-7181 ext. 2039
1506 Congress St
Laurel, MS 39440-4239

Central Sunbelt Federal Credit Union is headquartered in Laurel and is the 3rd largest credit union in the state of Mississippi. It is also the 939th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 74 employees and 28,956 members. Central Sunbelt Federal Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Who Can Join Employees and volunteers of the qualified employee groups that are within the field of membership. We have extended our membership to include anyone who lives, works, worships or volunteers in certain areas Forrest, Lamar, Jones and Wayne Counties. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Central Sunbelt Federal Credit Union had $909,000 in non-current loans and owned real-estate with $25.86 million in equity and loan loss allowances on hand to cover it. This gives Central Sunbelt Federal Credit Union a Texas Ratio of 3.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Central Sunbelt Federal Credit Union experienced no significant changes from 3.09% as of March 31, 2013 to 3.51% as of March 31, 2014, resulting in a negative change of 13.68%. This indicates that the balance sheet and financial strength for Central Sunbelt Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Central Sunbelt Federal Credit Union has decreased its total deposits by $-619,000, resulting in -0.36% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Central Sunbelt Federal Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Central Sunbelt Federal Credit Union has $199.18 million in assets with $25.86 million in equity, resulting in a capitalization level of 12.98%, which is excellent.

Institution Statistics

NCUA #8905
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$199.18 million
Loans$70.28 million
Deposits$171.36 million
Equity Capital$25.29 million
Loan Loss Allowance$568,000
Unbacked Noncurrent Loans$909,000
Real Estate Owned$0
Historic Data - March 2013
Assets$198.25 million
Equity Capital$24.88 million
Loan Loss Allowance$605,000
Unbacked Noncurrent Loans$909,000
Real Estate Owned$32,000
Profit Margin - Quarterly
Net Interest Margin1.55%
Return on Assets0.69%
Return on Equity5.47%
Interest Income$1.55 million

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Central Sunbelt Federal Credit Union Savings Account Rates

1.50%--Traditional IRA
1.50%--Roth IRA
0.25%$100-Regular Share
0.25%--Special Shares
0.25%--Sunny Kids Club
0.25%--Holiday Club

Central Sunbelt Federal Credit Union Money Market Rates

0.35%$1k-Money Investment

Central Sunbelt Federal Credit Union Checking Account Rates

3.00%-$20kAdvantage Checking - Qualifying
0.25%--Advantage Checking - Non Qualifying
0.25%--Regular Checking
0.25%--Rising Sun Checking

Central Sunbelt Federal Credit Union CD Rates

1.20%$500-60 Month Share Certificate
1.05%$500-48 Month Share Certificate
0.80%$500-36 Month Share Certificate
0.65%$500-24 Month Share Certificate
0.35%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Central Sunbelt Federal Credit Union Locations
Branch Office1857 Lincoln RdHattiesburg, MS 39402-3228
Main Office1506 Congress StLaurel, MS 39440-4239
Branch Office112 Westover DrHattiesburg, MS 39402-1474
Branch Office1417 Aston AveMcComb, MS 39648
Branch Office734 Sawmill RdLaurel, MS 39440-6605