Keesler Federal Credit Union

Overview / Commentary
2602 Pass Rd
Biloxi, MS 39531

Keesler Federal Credit Union is headquartered in Biloxi and is the largest credit union in the state of Mississippi. It is also the 108th largest credit union in the nation. It was established in 1947 and as of June of 2023, it had grown to 797 employees and 312,030 members at 40 locations. Keesler Federal Credit Union's money market rates are 10X the national average, and it has a B 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, Pearl River, Harrison, Hancock, Copiah, Holmes, Lincoln, Madison, Rankin, Simpson, Warren or Yazoo. Those who live, work, worship, or attend school in certain census tracts in Hinds or Jackson Counties (MS), Mobile County (AL), or Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist and 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

Keesler Federal Credit Union Kasasa Cash Rate Leaps Up - 5/9/2023

Keesler Federal Credit Union (easy membership in AL, LA, and MS) substantially raised the APY on its Kasasa Cash account to a near rate-leading level.

Kasasa Cash Checking Jumps To 5% From 3% - 5/3/2023

Effective 5/1/2023 5% up to $25k 1.38% thereafter

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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

Posted by: |

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"

Inconsistent CS And Field Of Membership

Posted by: |

TLDR-inconsistent application criteria applied and lost or mis-placed my membership paperwork twice and failed to follow written instructions. Late in 2017, I attempted to join based on my current military service, which is posted on KFCU’s website as a basis for membership. KFCU declined my application b/o an unstated additional requirement that I also needed to live within their geographic area of service. (No mention of any other way I could qualify for membership.) In Aug 2018, KFCU had a 5% CD and there were reports on this website of KFCU allowing membership with no geo restriction as long as you donated to a cancer society/became a member of ACS CAN. So I contributed and joined. When the CD was nearing maturity, I emailed KFCU to confirm receipt of maturity instructions. Initially KFCU confirmed receipt, but then recalled that message and said they did not have my membership application, which I had previously mailed. KFCU also implied that I would have difficulty with my maturing CD if I did not re-supply the documentation. So I sent in a new membership application and had it notarized as instructed. Today my CD matured and it was rolled over at some ridiculous interest rate contrary to my written instructions. My conclusion is that KFCU is not really interested in serving their field of membership, as posted on its website, and adapts it to fit their needs. It’s success with the 5% CD led them to cut corners, fail to document items properly, and overwehlm their CS reps, who are generally very nice and helpful. I blame management for my bad experience and will be filing a complaint with NCUA.

The Absolute, WORST, Banking Experience EVER

Posted by: |

This bank has caused me so much emotional distress and embarrassment, I’ve had enough. When I became a member, certain things were not fully disclosed in my member packet that would have allowed me to make the best decision when choosing banks. This last incident in which it was out of my control and I was totally unaware of, I was penalized because of an error my job made, and once again I’m told no we can’t help. When I ask for information to write to their corporate office I’m given the run around. If you can help it, Run to another bank.



Health Grade Components

NCUA #5561
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD8.02%
Annual Interest Income$89.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$4.06B$4.24B
LoansQ2 2023vs Q2 2022$3.15B$2.97B
DepositsQ2 2023vs Q2 2022$3.23B$3.73B
Equity CapitalQ2 2023vs Q2 2022$441.2MM$437.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$14.6MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$25.1MM$14.6MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Keesler Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Keesler Federal Credit Union Savings Account Rates

1.00%*-$150kKasasa Saver
OTHER TIERS: 0.40% $150k+
0.65%--IRA Savings
0.30%$1-Christmas Savings
0.20%*$5k*-Primary Share Savings
OTHER TIERS: 0.15% $5 - $5k
0.20%*$5k*-Alternative Share Savings
OTHER TIERS: 0.15% Up to $5k
0.20%*$5k*-Business Primary Share savings
OTHER TIERS: 0.15% Up to $5k
0.20%*$5k*-Business Savers
OTHER TIERS: 0.15% Up to $5k

Keesler Federal Credit Union Money Market Rates

4.50%--High Interest Money Market Account Plus - New Money (First 6 Month)
1.75%*$10k*-Business Money Market
OTHER TIERS: 0.40% $2.5k - $10k
0.40%*$100k*-High Interest Money Market Account
OTHER TIERS: 0.30% $2.5k - $50k | 0.35% $50k - $100k

Keesler Federal Credit Union Checking Account Rates

5.00%*-$25kKasasa Cash
OTHER TIERS: 0.50% $25k+
0.15%*$2.5k*-Smart Business Checking
OTHER TIERS: 0.10% Up to $2.5k

Keesler Federal Credit Union CD Rates

3.75%-$150k30 Month Step CD Special
2.80%-$150k21 Month Step CD Special
2.25%-$150k15 Month CD Special
1.45%$100k-5 Year Jumbo CD
1.35%$1k-5 Year CD
1.20%$100k-4 Year Jumbo CD
1.11%$100k-30 Month Jumbo Step CD
1.11%$100k-Business 30 Month Jumbo Step CD
1.10%$1k-4 Year CD
1.05%$25-1 Year FirstStep CD
1.01%$1k-Business 30 Month Step CD
0.95%$100k-2 Year Jumbo CD
0.95%$100k-3 Year Bump Rate Jumbo CD
0.95%$100k-Business 2 Year Jumbo CD
0.90%$100k-3 Year Jumbo CD
0.90%$100k-21 Month Jumbo Step CD
0.90%$100k-Business 21 Month Jumbo Step CD
0.90%$100k-Business 3 Year Jumbo CD
0.85%$1k-2 Year CD
0.85%$1k-3 Year Bump Rate CD
0.85%$1k-Business 2 Year CD
0.80%$1k-3 Year CD
0.80%$100k-18 Month Jumbo CD
0.80%$1k-Business 21 Month Step CD
0.80%$100k-Business 18 Month Jumbo CD
0.80%$1k-Business 3 Year CD
0.75%$1k-19 Month CD
0.75%$1k-Business 19 Month CD
0.70%$1k-18 Month CD
0.70%$100k-1 Year Jumbo CD
0.70%$100k-Business 1 Year Jumbo CD
0.70%$1k-Business 18 Month CD
0.60%$1k-1 Year CD
0.50%$100k-9 Month Jumbo CD
0.45%$100k-6 Month Jumbo CD
0.45%$100k-Business 6 Month Jumbo CD
0.40%$1k-9 Month CD
0.35%$1k-6 Month CD
0.35%$100k-3 Month Jumbo CD
0.35%$1k-Business 6 Month CD
0.25%$1k-3 Month CD

Keesler Federal Credit Union IRA Rates

3.75%-$150k30 Month Step IRA Special
2.80%-$150k21 Month Step IRA Special
2.25%-$150k15 Month IRA Special
1.45%$100k-5 Year Jumbo IRA
1.35%$1k-5 Year IRA
1.20%$100k-4 Year Jumbo IRA
1.11%$100k-30 Month Jumbo Step IRA
1.10%$1k-4 Year IRA
0.95%$100k-2 Year Jumbo IRA
0.95%$100k-3 Year Bump Rate Jumbo IRA
0.90%$100k-3 Year Jumbo IRA
0.90%$100k-21 Month Jumbo Step IRA
0.85%$1k-2 Year IRA
0.85%$1k-3 Year Bump Rate IRA
0.80%$1k-3 Year IRA
0.80%$100k-18 Month Jumbo IRA
0.75%$1k-19 Month IRA
0.70%$1k-18 Month IRA
0.70%$100k-1 Year Jumbo IRA
0.60%$1k-1 Year IRA
0.50%$100k-9 Month Jumbo IRA
0.45%$100k-6 Month Jumbo IRA
0.40%$1k-9 Month IRA
0.35%$1k-6 Month IRA
0.35%$100k-3 Month Jumbo
0.25%$1k-3 Month IRA


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