1St Mississippi Federal Credit Union

Overview / Commentary

601-693-6873

600 19th Ave
Meridian, MS 39301

1St Mississippi Federal Credit Union is headquartered in Meridian and is the 16^th largest credit union in the state of Mississippi. It is also the 2,119^th largest credit union in the nation. It was established in 1972 and as of June of 2019, it had grown to 28 employees and 10,135 members at 2 locations. 1St Mississippi Federal Credit Union's CD rates are 68% higher than the national average, and it has a B+ 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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Health

B+

Data as of Q2 2019

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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

Overall
NCUA #	21073
Year Chartered	1972
Employees	28
Primary Regulator

Profit Margin
Return on Assets - YTD	1.2%
Return on Equity - YTD	4%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$61.9MM$61.0MM
Loans	Q2 2019vs Q2 2018	$18.3MM$17.5MM
Deposits	Q2 2019vs Q2 2018	$42.5MM$42.7MM
Equity Capital	Q2 2019vs Q2 2018	$18.7MM$17.9MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$131.00K$161.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$334.00K$170.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$120.00K

Rates

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Savings
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not 1St Mississippi Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

1St Mississippi Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$250k^*	-	High Yield
OTHER TIERS: 0.30% → $7.5k - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $250k
0.25%	$100	-	1st Beginnings Savings
0.20%	-	-	Basic Savings

1St Mississippi Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$1k	-	Regular Checking
0.05%	$500	-	1st Advantage Checking

1St Mississippi Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.27%	$500	-	5 Year CD
1.97%	$500	-	4 Year CD
1.87%	$500	-	3 Year CD
1.66%	$500	-	30 Month CD
1.61%	$500	-	24 Month CD
1.56%	$500	-	18 Month CD
1.51%	$500	-	12 Month CD
0.75%	$500	-	6 Month CD

1St Mississippi Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.27%	-	-	5 Year IRA
1.97%	-	-	4 Year IRA
1.87%	-	-	3 Year IRA
1.66%	-	-	30 Month IRA
1.61%	-	-	24 Month IRA
1.56%	-	-	18 Month IRA
1.51%	-	-	12 Month IRA
0.75%	-	-	6 Month IRA

Locations

1St Mississippi Federal Credit Union Locations
Branch Office	212 S Archusa Ave	Quitman, MS 39355
Branch Office	600 19th Ave	Meridian, MS 39301

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