Mississippi Telco Credit Union is headquartered in Pearl and is the 7th largest credit union in the state of Mississippi. It is also the 1,040th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 15 employees and 8,157 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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Data for Q4 2013
Institution Health
Texas Ratio
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 Telco Credit Union had $296,000 in non-current loans and owned real-estate with $20.26 million in equity and loan loss allowances on hand to cover it. This gives Mississippi Telco Credit Union a Texas Ratio of 1.46% 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 Mississippi Telco Credit Union experienced no significant changes from 1.39% as of December 31, 2012 to 1.46% as of December 31, 2013, resulting in a negative change of 5.22%. This indicates that the balance sheet and financial strength for Mississippi Telco Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Mississippi Telco Credit Union has increased its total deposits by $7.28 million, resulting in 5.15% 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 excellent.
Capitalization
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 $169.08 million in assets with $20.26 million in equity, resulting in a capitalization level of 11.98%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 473 |
| Year Chartered | 1935 |
| Employees | 15 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $169.08 million |
| Loans | $45.32 million |
| Deposits | $148.80 million |
| Equity Capital | $20.05 million |
| Loan Loss Allowance | $214,000 |
| Unbacked Noncurrent Loans | $210,000 |
| Real Estate Owned | $86,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $163.77 million |
| Equity Capital | $21.98 million |
| Loan Loss Allowance | $204,000 |
| Unbacked Noncurrent Loans | $210,000 |
| Real Estate Owned | $69,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4% |
| Return on Assets | 0.5% |
| Return on Equity | 4.25% |
| Interest Income | $4.10 million |
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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $5k | - | IRA Savings | |
| 0.25% | $5k | - | Shares |
Mississippi Telco Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $5k | - | Money Market |
Mississippi Telco Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $5k | - | Share-Draft |
Mississippi Telco Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 |
| Mississippi Telco Credit Union Locations | ||
|---|---|---|
| Branch Office | 409 Riverwind Dr | Pearl, MS 39208-5917 |