Keesler Federal Credit Union is headquartered in Biloxi and is the largest credit union in the state of Mississippi. It is also the 89th largest credit union in the nation. It was established in 1947 and as of December of 2019, it had grown to 724 employees and 247,830 members at 34 locations. Keesler Federal Credit Union's money market rates are 3X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Keesler Federal Credit Union is open to the residents of Alabama, Louisiana, and Mississippi by joining the American Cancer Society Cancer Action Network. Also eligible to join are those who live, work, worship, or attend school in the Mississippi counties of Forrest, Hancock, Harrison, or Pearl River. Those who live, work, worship, or attend school in certain census tracts in Hinds or Jackson Counties (MS), Mobile County (AL), or Orleans or St. Tammany Parishes (LA) also qualify for membership. Military members who can use the services at Keesler Air Force Base or at Royal Air Force Bases in the UK are eligible to join, as are employees of more than 300 Select Employee Groups.
See current membership details
Related Posts
5/20 - Keesler 3% - $25K RCA
5/7 - Keesler Fed Credit Union Step and Jumbo Step CDs Still Rate Leaders
5/6 - American Cancer Soc Membership Not Enough To Join Keesler
3/18 - Keesler Rate Drop 03/18/20
1/29 - Keesler FCU Reduces Rates On Step Certificates
1/16 - Keesler Federal Credit Union 30-Month Step CDs Available Nationwide
7/13 - Step up CD: 21-mo (2.51%)/30-mo (3.1%)/Jumbo 21-mo (2.65%)/Jumbo 30-mo (3.21%)
5/28 - Keesler FCU Step Certificate 30 Month - Blended APY 3.10% or 3.21%
2/28 - Keesler New Promotion
Anybody Home?
I did not have problems joining Keesler from another state, which I did several months ago. Today, after a 15 minute wait, I talked to someone who took my info and said I may get a call back the next day but that I could keep trying today. 2nd attempt I was disconnected after 10 minutes and offered a survey to fill out regarding my experience. 3rd attempt they fixed the survey problem (I imagine it was tanking their survey results) and instead had a message saying they could not handle the call due to high call volume and advised to try later. I'm hoping they honor today's CD rates, which I'm trying to open, as I sent them a secure email asking them to open it. I may try again later today.
UPDATE:
They called me back few hours later and opened the CD at the rate. I imagine they give you the worst case amount of time and then try to pleasantly surprise you by being quick ... I was pleasantly surprised!
Friendly, Prompt, Professional Customer Service
Joined KFCU via American Cancer Society.
Took a few hours, a few emails and a few calls.
Within 6 hours all done.
Next day wired in $ to open step up CD
Total 24 hours from start to finish
Very impressed with their customer service
Step up CD at 3.20 APY for 30 months is great
Highly recommend
Quickly And Easily Opened 30Mo Step Jumbo
I found KFCU to be easier than most local CUs to establish and fund accounts. Their online systems worked well and their representatives were reasonably fast to respond.
Joined Jan 21st
Eligibility : selected member of ACS CAN (Rep emailed form and they drafted $10 from my account).
Entered information/uploaded ID
Account was approved within minutes, pending final validation. Representative called next morning and account was funded from my checking account after verification of small deposits and I was given the account number (I did have to ask for the account number)
Wired the $ - No incoming wire fee! (wires received after 4:45 EST are not credited until next business day)
Must have rep set up the Step CD (can't do it on web site); they were quick, professional and hold times were reasonable.
Some confusion over STEP CD max of $250K. Still not sure if this is a real max or if the representative was guiding me to be within NCUA limit. I had 3 POD's on a joint account so not a problem exceeding the limits. Supervisor OK'd. Rep also mentioned LIMIT of 1 STEP CD per account.
Also, they emailed this morning reminding me to hurry and fund CD by Tuesday because rates (could) change on WEDNESDAYs!
edit: since I joined the wording has changed on eligibility to be restrictive to residents only:
"American Cancer Society Cancer Action Network – Residents of Louisiana and Mississippi Only"
Do NOT Deal With These People
Warning: I had the worst experience ever with this credit union. Their website says you can join by becoming a member through joining a cancer organization. I went through the online application process and got an email that I was approved. Then someone called me and said I had to live in Mississippi to be a member and my application was canceled. I had disclosed my address in the application!
The kicker: they still went ahead with a hard credit pull AND they withdrew a $5 opening deposit from my checking account at another bank. What kind of operation do these folks run? It’s outrageous. I do NOT recommend anyone deal with this place. BEWARE!
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5561 |
| Year Chartered | 1947 |
| Employees | 724 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 7.2% |
| Annual Interest Income | $116.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $3.04B$2.73B |
| Loans | Q4 2019vs Q4 2018 | $2.41B$2.09B |
| Deposits | Q4 2019vs Q4 2018 | $2.58B$2.31B |
| Equity Capital | Q4 2019vs Q4 2018 | $425.2MM$385.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $15.6MM$13.6MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $10.0MM$9.7MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $155.00K$132.00K |
