Overview / Commentary
601-693-6873
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 2,130th largest credit union in the nation. It was established in 1972 and as of June of 2018, it had grown to 25 employees and 9,867 members at 2 locations. 1St Mississippi Federal Credit Union's CD rates are 68% higher than the national average, and it 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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Health
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 Chartered1972
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD2.96%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$61.0MM$58.6MM
LoansQ2 2018vs Q2 2017$17.5MM$18.0MM
DepositsQ2 2018vs Q2 2017$42.7MM$41.1MM
Equity CapitalQ2 2018vs Q2 2017$17.9MM$17.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$161.00K$80.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$170.00K$276.00K
Real Estate OwnedQ2 2018vs Q2 2017$120.00K$62.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$250k*-High Yield
OTHER TIERS: 0.25% $7.5k - $25k | 0.30% $25k - $50k | 0.35% $50k - $250k
0.20%--Basic Savings
0.15%$100-1st Beginnings Savings

1St Mississippi Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Regular Checking
0.05%$500-1st Advantage Checking

1St Mississippi Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office212 S Archusa AveQuitman, MS 39355
Branch Office600 19th AveMeridian, MS 39301

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