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Overview / Commentary
601-354-6544
767 N President St
Jackson, MS 39202

Mississippi DHS Credit Union is headquartered in JACKSON and is the 49th largest credit union in the state of Mississippi. It is also the 4,862nd largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 3 employees and 2,701 members. Mississippi DHS Credit Union's savings rates are 83% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Mississippi DHS Federal Credit Union's Field of Membership includes the following: ** Employees of the Department of Human Services and Rehabilitation for the Blind who work in the State of Mississippi; ** Persons who live, work, worship, or attend school in, and businesses and other legal entities located in the undeserved areas of the City of Jackson, Mississippi (an undeserved community as defined in Chapter 3, Section III and in accordance with Chapter 2, Section V of the NCUA Chartering and FOM Manual, App. 10/25/01); ** Spouses of persons who died while within the field of membership of this credit union; employees of this credit union; persons retired as pensioners or annuitants from the above employment or from companies previously named; members of their immediate family or household and organizations of such persons. - See Details

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Health

Data for Q4 2013

Institution Health

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

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Mississippi DHS Credit Union had $58,000 in non-current loans and owned real-estate with $1.15 million in equity and loan loss allowances on hand to cover it. This gives Mississippi DHS Credit Union a Texas Ratio of 5.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Mississippi DHS Credit Union experienced no significant changes from 4.95% as of December 31, 2012 to 5.03% as of December 31, 2013, resulting in a negative change of 1.52%. This indicates that the balance sheet and financial strength for Mississippi DHS Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mississippi DHS Credit Union has increased its total deposits by $303,000, resulting in 5.31% 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 Mississippi DHS Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Mississippi DHS Credit Union has $7.3 million in assets with $1.15 million in equity, resulting in a capitalization level of 15.79%, which is excellent.

Institution Statistics

Overall
NCUA #8052
Year Chartered1952
Employees3
Primary Regulator
Assets and Liabilities
Assets$7.30 million
Loans$2.52 million
Deposits$6.01 million
Equity Capital$1.14 million
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.81 million
Equity Capital$1.09 million
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin9.81%
Return on Assets0.58%
Return on Equity3.7%
Interest Income$304,000
Rates
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Mississippi DHS Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.95%$40k-Shares (Savings)

Mississippi DHS Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$5k-60 Month Share Certificate
0.80%$5k-48 Month Share Certificate
0.75%$5k-36 Month Share Certificate
0.70%$5k-24 Month Share Certificate
0.65%$5k-12 Month Share Certificate
0.55%$5k-6 Month Share Certificate
Locations


Mississippi DHS Credit Union Locations
Branch Office767 N PRESIDENT STJACKSON, MS 39202