Overview / Commentary
SecurTrust Federal Credit Union is headquartered in Southaven and is the 21st largest credit union in the state of Mississippi. It is also the 2,920th largest credit union in the nation. It was established in 1949 and as of March of 2020, it had grown to 9 employees and 3,070 members at 2 locations. SecurTrust Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership to SecurTrust Federal Credit Union is open to those who live, work, worship or attend school in DeSoto County, Tate County or Marshall County, Mississippi. Family of active members are also automatically eligible.
See current membership details
Health
B+
Data as of Q1 2020
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. SecurTrust Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6370 |
| Year Chartered | 1949 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.64% |
| Return on Equity - YTD | 12.8% |
| Annual Interest Income | $412.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $29.6MM$27.7MM |
| Loans | Q1 2020vs Q1 2019 | $20.9MM$21.1MM |
| Deposits | Q1 2020vs Q1 2019 | $23.4MM$21.8MM |
| Equity Capital | Q1 2020vs Q1 2019 | $6.0MM$5.6MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $345.00K$366.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $152.00K$61.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |