Overview / Commentary
CommFirst Federal Credit Union is headquartered in Jackson and is the 35th largest credit union in the state of Mississippi. It is also the 3,864th largest credit union in the nation. It was established in 1954 and as of September of 2019, it had grown to 5 employees and 2,324 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 Q3 2019
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 | 1.64% |
| Return on Equity - YTD | 9.15% |
| Annual Interest Income | $349.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $11.8MM$11.8MM |
| Loans | Q3 2019vs Q3 2018 | $7.1MM$6.9MM |
| Deposits | Q3 2019vs Q3 2018 | $9.6MM$9.8MM |
| Equity Capital | Q3 2019vs Q3 2018 | $2.1MM$1.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $30.00K$32.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $16.00K$1,000 |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |