Overview / Commentary
Ferguson Federal Credit Union is headquartered in Tylertown and is the 14th largest credit union in the state of Mississippi. It is also the 1,805th largest credit union in the nation. It was established in 1968 and as of September of 2019, it had grown to 51 employees and 9,605 members at 6 locations. Ferguson Federal Credit Union's money market rates are 3X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Ferguson Federal Credit Union is open to residents of Amite, Copiah, Franklin, Jefferson, Jefferson Davis, Lawrence, Lincoln, Marion, Pike, Simpson, Walthall, and South Rankin Counties, Mississippi. Employees of Georgia Pacific’s Ferguson Mill in Lawrence County are also eligible to join.
See current membership details
Related Posts
View all posts from:
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. Ferguson Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 18515 |
| Year Chartered | 1968 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.84% |
| Return on Equity - YTD | -7.05% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $82.7MM$81.9MM |
| Loans | Q3 2019vs Q3 2018 | $57.1MM$60.8MM |
| Deposits | Q3 2019vs Q3 2018 | $72.7MM$70.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $10.0MM$11.3MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $1.6MM$729.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $2.0MM$1.3MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $287.00K$241.00K |