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 16th largest credit union in the state of Mississippi. It is also the 2,005th largest credit union in the nation. It was established in 1972 and as of March of 2025, it had grown to 39 employees and 9,797 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.
See current membership details

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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
Employees39
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD0.81%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$82.7MM$78.6MM
LoansQ1 2025vs Q1 2024$50MM$44.5MM
DepositsQ1 2025vs Q1 2024$56.7MM$52.4MM
Equity CapitalQ1 2025vs Q1 2024$22.4MM$21.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1MM$977K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$450K$291K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for 1St Mississippi Federal Credit Union are currently being reviewed.

Locations


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

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