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Keesler Federal Credit Union


Overview / Commentary
www.kfcu.org
228-385-5500
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 81st largest credit union in the nation. It was established in 1947 and as of March of 2022, it had grown to 717 employees and 292,138 members at 39 locations. Keesler Federal Credit Union's CD rates are 17% higher than the national average, and it has 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

HIMMA PLUS Appears To Be Over - 11/3/2021

Tried to reopen a HIMMA PLUS account that had matured. I was told they no longer have the "PLUS" for HIMMAs!

Keesler Federal Credit Union Rewards Checking Offers Top Rate - 7/12/2021

Keesler Federal Credit Union (easy membership in AL, LA, and MS) continues to offer very competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts.

Firststep Certificate - Possible Strategy For Keesler Members - 7/5/2021

I worry that, at some point, Kessler might dramatically drop the rate on the Himma+ or discontinue the product entirely. It's been a GREAT deal for a long time but do good things last forever?! What I started doing several months back is to open a FirstStep Certificate - one per month - with the $25 minimum requirement. The FirstStep is one year term at 1.05% and allows unlimited additional deposits ($10 minimum). My goal is to have 12 certificates with a monthly rolling maturity. My thought is ... if the Himma+ ever becomes unattractive, I can move funds into my oldest FirstStep which would be maturing in less than a month. The following month I can roll the funds into the next oldest FirstStep and so on. This way I know I have a guaranteed 1.05% yield for at least 12 months and I still have decent (monthly) liquidity. I plan to simply let the certificates auto-renew so they won't take up my time having to "manage" them. I hope my explanation makes sense and might be helpful to some f

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Reviews (19)

Friendly, Prompt, Professional Customer Service

Posted by: |

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

8

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"

3

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.

13

Unprofessional Service

Posted by: |

Walked into local bank to pay off and close a credit card. Payed off balance and representative informed us the credit card was closed. We continued to get various charges which we were unable to verify because our online access was revoked. Called in to inquiry about charges and rep could not give a clear answer. I reported the charges as fraud but after following up into the case three times, I had to start the case over with each phone call because no one had made any progress into the investigation. Finally got sick of dealing with it and just payed off the remaining charges to be done. Called in to request a 0 balance statement and they said I had another late charge, which was not true because the payment due date was 4 May and the check I post marked for 25 Apr. Overall, very unprofessional service. Get receipts and verifications on everything because they have some serious quality standard issues.

2
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Health
A

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #5561
Year Chartered1947
Employees717
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.1%
Annual Interest Income$29.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$4.33B$3.94B
LoansQ1 2022vs Q1 2021$2.81B$2.68B
DepositsQ1 2022vs Q1 2021$3.81B$3.43B
Equity CapitalQ1 2022vs Q1 2021$457.4MM$455.0MM
Loan Loss AllowanceQ1 2022vs Q1 2021$15.1MM$16.4MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$10.2MM$6.9MM
Real Estate OwnedQ1 2022vs Q1 2021$0$46.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

Keesler Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$25kKasasa Cash
OTHER TIERS: 0.40% → $25k+

Keesler Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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-30 Month Step 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
0.90%$100k-3 Year Jumbo CD
0.90%$100k-21 Month Jumbo Step CD
0.90%$100k-Business 21 Month Jumbo Step CD
0.85%$1k-2 Year CD
0.85%$1k-3 Year Bump Rate CD
0.80%$1k-3 Year CD
0.80%$100k-18 Month Jumbo CD
0.80%$1k-21 Month Step CD
0.80%$1k-Business 21 Month Step CD
0.75%$1k-19 Month CD
0.70%$1k-18 Month CD
0.70%$100k-1 Year Jumbo CD
0.70%$100k-Business 1 Year Jumbo CD
0.65%$1k-15 Month CD
0.60%$1k-1 Year CD
0.60%$1k-Business 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.01%$1k-30 Month Step 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
0.80%$1k-21 Month Step IRA
0.75%$1k-19 Month IRA
0.70%$1k-18 Month IRA
0.70%$100k-1 Year Jumbo IRA
0.65%$1k-15 Month 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
Locations

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