Overview / Commentary
Mississippi Federal Credit Union is headquartered in JACKSON and is the 9th largest credit union in the state of Mississippi. It is also the 1,422nd largest credit union in the nation. It was established in 1958 and as of September of 2024, it had grown to 50 employees and 23,286 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 Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24585 |
| Year Chartered | 1958 |
| Employees | 50 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.89% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $161.6MM$163.5MM |
| Loans | Q3 2024vs Q3 2023 | $86.6MM$88.1MM |
| Deposits | Q3 2024vs Q3 2023 | $137.8MM$140.9MM |
| Equity Capital | Q3 2024vs Q3 2023 | $21.3MM$20.3MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $938K$713K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $511K$426K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |