Overview / Commentary
CommFirst Federal Credit Union is headquartered in Jackson and is the 33rd largest credit union in the state of Mississippi. It is also the 3,756th largest credit union in the nation. It was established in 1954 and as of March of 2020, it had grown to 5 employees and 2,321 members at 1 location. CommFirst Federal Credit Union's savings rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of Mississippi Baptist Health Systems and those who work in the MAE or MAW buildings, Medical Practice Solutions, Premier Practice, or any Baptist affiliated clinic.
See current membership details
Health
B+
Data as of Q1 2020
Learn why bank health mattersAdditional 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. CommFirst Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9567 |
| Year Chartered | 1954 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 7.73% |
| Annual Interest Income | $109.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $13.0MM$12.1MM |
| Loans | Q1 2020vs Q1 2019 | $7.0MM$7.1MM |
| Deposits | Q1 2020vs Q1 2019 | $10.8MM$10.0MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.2MM$2.0MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $28.00K$33.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $24.00K$25.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |