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 2,135th largest credit union in the nation. It was established in 1972 and as of March of 2020, it had grown to 25 employees and 9,599 members at 2 locations. 1St Mississippi Federal Credit Union 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.
See current membership details


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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 - YTD1.05%
Return on Equity - YTD3.33%
Annual Interest Income$637.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$62.4MM$62.3MM
LoansQ1 2020vs Q1 2019$19.2MM$18.1MM
DepositsQ1 2020vs Q1 2019$42.9MM$43.1MM
Equity CapitalQ1 2020vs Q1 2019$19.2MM$18.5MM
Loan Loss AllowanceQ1 2020vs Q1 2019$215.00K$139.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$95.00K$301.00K
Real Estate OwnedQ1 2020vs Q1 2019$48.00K$65.00K
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* 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

0.25%*$250k*-High Yield
OTHER TIERS: 0.10% $7.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $250k
0.15%$100-1st Beginnings Savings
0.10%--Basic Savings

1St Mississippi Federal Credit Union Checking Account Rates

0.05%$1k-Regular Checking
0.05%$500-1st Advantage Checking

1St Mississippi Federal Credit Union CD Rates

0.50%$500-5 Year CD
0.40%$500-4 Year CD
0.35%$500-3 Year CD
0.25%$500-24 Month CD
0.25%$500-30 Month CD
0.20%$500-12 Month CD
0.20%$500-18 Month CD
0.15%$500-6 Month CD

1St Mississippi Federal Credit Union IRA Rates

0.50%--5 Year IRA
0.40%--4 Year IRA
0.35%--3 Year IRA
0.25%--24 Month IRA
0.25%--30 Month IRA
0.20%--12 Month IRA
0.20%--18 Month IRA
0.15%--6 Month IRA

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

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