1St Mississippi Federal Credit Union

Overview / Commentary
600 19th Ave
Meridian, MS 39301

1St Mississippi Federal Credit Union is headquartered in Meridian and is the 16th largest credit union in the state of Mississippi. It is also the 2,122nd largest credit union in the nation. It was established in 1972 and as of December of 2021, it had grown to 27 employees and 10,317 members at 2 locations. 1St Mississippi Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school located in Lauderdale or Clarke Counties and to immediate family of those eligible.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 1St Mississippi Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #21073
Year Chartered1972
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD3.82%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$75.0MM$68.1MM
LoansQ4 2021vs Q4 2020$25.1MM$21.0MM
DepositsQ4 2021vs Q4 2020$53.9MM$48.1MM
Equity CapitalQ4 2021vs Q4 2020$20.5MM$19.7MM
Loan Loss AllowanceQ4 2021vs Q4 2020$329.00K$276.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$423.00K$299.00K
Real Estate OwnedQ4 2021vs Q4 2020$30.00K$30.00K
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1St Mississippi Federal Credit Union Checking Account Rates

0.03%$1k-Regular Checking
0.03%$500-1st Advantage Checking

1St Mississippi Federal Credit Union Locations
Branch Office212 S Archusa AveQuitman, MS 39355
Branch Office600 19th AveMeridian, MS 39301

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