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Overview / Commentary
601-664-2085
409 Riverwind Dr
Pearl, MS 39208-5917

Mississippi Telco Credit Union is headquartered in Pearl and is the 7th largest credit union in the state of Mississippi. It is also the 1,047th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 15 employees and 8,240 members. Mississippi Telco Credit Union has a A+ health rating.

Field of Membership Restrictions

You can join Mississippi Telco FCU if you live, work, attend school, worship or volunteer: in the Bloomfield or Riverwind developments in Pearl or in Pearl South of Highway 80 and North of Old Brandon Road. Employees and family members of select employee groups are also eligible for membership. If you are a Friend of the Pearl Library or Richland Library, you can also join. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Mississippi Telco Credit Union had $321,000 in non-current loans and owned real-estate with $21.18 million in equity and loan loss allowances on hand to cover it. This gives Mississippi Telco Credit Union a Texas Ratio of 1.52% 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 Telco Credit Union experienced no significant changes from 1.41% as of March 31, 2013 to 1.52% as of March 31, 2014, resulting in a negative change of 7.24%. This indicates that the balance sheet and financial strength for Mississippi Telco Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Mississippi Telco Credit Union has increased its total deposits by $4.03 million, resulting in 2.75% 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 Telco Credit Union has shown is above average.

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 Telco Credit Union has $171.7 million in assets with $21.18 million in equity, resulting in a capitalization level of 12.34%, which is excellent.

Institution Statistics

Overall
NCUA #473
Year Chartered1935
Employees15
Primary Regulator
Assets and Liabilities
Assets$171.70 million
Loans$45.68 million
Deposits$150.36 million
Equity Capital$21.00 million
Loan Loss Allowance$185,000
Unbacked Noncurrent Loans$214,000
Real Estate Owned$107,000
Historic Data - March 2013
Assets$169.02 million
Equity Capital$22.06 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$214,000
Real Estate Owned$69,000
Profit Margin - Quarterly
Return on Assets0.73%
Return on Equity5.94%
Interest Income$1.04 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Mississippi Telco Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Mississippi Telco Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$5k-IRA Savings
0.25%$5k-Shares

Mississippi Telco Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$5k-Money Market

Mississippi Telco Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$5k-Share-Draft

Mississippi Telco Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.91%$1k-60 Month Share Certificate
1.41%$1k-30 Month Share Certificate
1.10%$1k-24 Month Share Certificate
0.90%$1k-18 Month Share Certificate
0.80%$1k-12 Month Share Certificate
0.50%$1k-6 Month Share Certificate
0.35%$1k-91 Day Share Certificate

Mississippi Telco Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.91%$1k-60 Month IRA Certificate
1.41%$1k-30 Month IRA Certificate
1.10%$1k-24 Month IRA Certificate
0.90%$1k-18 Month IRA Certificate
Locations


Mississippi Telco Credit Union Locations
Branch Office409 Riverwind DrPearl, MS 39208-5917