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Overview / Commentary
JACKSON, MS 39216-4538

Healthplus Credit Union is headquartered in JACKSON and is the 52nd largest credit union in the state of Mississippi. It is also the 4,977th largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 4 employees and 1,832 members. Healthplus Credit Union's savings rates are 15% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of the Mississippi State Board of Health, Mississippi State Department of Health or any district office or county health department under the jurisdictions of the Mississippi State Board of Health or the Mississippi State Department of Health. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Healthplus Credit Union has a very low asset base.

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 Healthplus Credit Union had $43,000 in non-current loans and owned real-estate with $785,000 in equity and loan loss allowances on hand to cover it. This gives Healthplus Credit Union a Texas Ratio of 5.48% 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 Healthplus Credit Union experienced no significant changes from 4.84% as of March 31, 2013 to 5.48% as of March 31, 2014, resulting in a negative change of 13.29%. This indicates that the balance sheet and financial strength for Healthplus Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Healthplus Credit Union has increased its total deposits by $276,000, resulting in 4.88% 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 Healthplus Credit Union has shown is excellent.



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. Healthplus Credit Union has $6.69 million in assets with $785,000 in equity, resulting in a capitalization level of 11.74%, which is excellent.

Institution Statistics

NCUA #5930
Year Chartered1948
Primary Regulator
Assets and Liabilities
Assets$6.69 million
Loans$2.92 million
Deposits$5.93 million
Equity Capital$738,000
Loan Loss Allowance$47,000
Unbacked Noncurrent Loans$43,000
Real Estate Owned$0
Historic Data - March 2013
Assets$6.58 million
Equity Capital$878,000
Loan Loss Allowance$32,000
Unbacked Noncurrent Loans$43,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.4%
Return on Assets-2.09%
Return on Equity-18.97%
Interest Income$73,000
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Healthplus Credit Union Savings Account Rates


Healthplus Credit Union Locations
Branch Office500H E WOODROW WILSON AveJACKSON, MS 39216-4538