Overview / Commentary
MUNA Federal Credit Union is headquartered in Meridian and is the 20th largest credit union in the state of Mississippi. It is also the 2,502nd largest credit union in the nation. It was established in 1962 and as of June of 2023, it had grown to 17 employees and 6,588 members at 1 location. MUNA Federal Credit Union has a C health rating.
Field of Membership Restrictions
MUNA Federal Credit Union offers membership to businesses or other legal entities and anyone who lives, works, worships, attends school, or regularly conducts business in Lauderdale County, Mississippi. Immediate family of credit union members also qualify.
See current membership details
Health
C
Data as of Q2 2023
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. MUNA Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15108 |
| Year Chartered | 1962 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.16% |
| Return on Equity - YTD | 20.42% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $49.1MM$51.6MM |
| Loans | Q2 2023vs Q2 2022 | $30.0MM$25.4MM |
| Deposits | Q2 2023vs Q2 2022 | $43.5MM$45.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.3MM$4.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$85.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $938.00K$154.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |