Overview / Commentary
Mississippi Federal Credit Union is headquartered in JACKSON and is the 8th largest credit union in the state of Mississippi. It is also the 1,399th largest credit union in the nation. It was established in 1958 and as of June of 2023, it had grown to 55 employees and 22,567 members at 7 locations. Mississippi Federal Credit Union has an A health rating.
Field of Membership Restrictions
Must be an employee or student of the University of Mississippi or the University of Mississippi Medical Center. Also open to employees of the Mississippi Methodist Rehabilitation Center or several other companies.
See current membership details
Health
A
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24585 |
| Year Chartered | 1958 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 5.27% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $166.6MM$169.0MM |
| Loans | Q2 2023vs Q2 2022 | $85.8MM$85.2MM |
| Deposits | Q2 2023vs Q2 2022 | $144.4MM$148.3MM |
| Equity Capital | Q2 2023vs Q2 2022 | $20.2MM$19.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$596.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $272.00K$584.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |