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1St Mississippi Federal Credit Union


Overview / Commentary
1stms.com
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 2,158th largest credit union in the nation. It was established in 1972 and as of December of 2019, it had grown to 26 employees and 9,579 members at 2 locations. 1St Mississippi Federal Credit Union's CD rates are 18% 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.
See current membership details

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Health
B+

Data as of Q4 2019

Learn why bank health matters
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
Employees26
Primary Regulator
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD3.92%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$59.5MM$59.0MM
LoansQ4 2019vs Q4 2018$19.4MM$18.2MM
DepositsQ4 2019vs Q4 2018$40.2MM$40.5MM
Equity CapitalQ4 2019vs Q4 2018$19.0MM$18.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$189.00K$151.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$369.00K$202.00K
Real Estate OwnedQ4 2019vs Q4 2018$48.00K$76.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

1St Mississippi Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-4 Year CD
1.31%$500-3 Year CD
1.26%$500-5 Year CD
1.16%$500-30 Month CD
1.11%$500-24 Month CD
1.06%$500-12 Month CD
0.95%$500-18 Month CD
0.75%$500-6 Month CD

1St Mississippi Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%--4 Year IRA
1.31%--3 Year IRA
1.26%--5 Year IRA
1.16%--30 Month IRA
1.11%--24 Month IRA
1.06%--12 Month IRA
0.95%--18 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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