Overview / Commentary
3318 Hardy St
Hattiesburg, MS 39401-6962

Southern Mississippi Federal Credit Union is headquartered in HATTIESBURG and is the 18th largest credit union in the state of Mississippi. It is also the 2,514th largest credit union in the nation. It was established in 1956 and as of December of 2018, it had grown to 23 employees and 6,927 members at 5 locations. Southern Mississippi Federal Credit Union's CD rates are 39% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to faculty, staff and students of University of Southern Mississippi, members of the Southern Miss Alumni Association, civilian employees of the United States Government in the state of Mississippi, and other select businesses and organizations.
See current membership details


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Additional 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. Southern Mississippi Federal Credit Union has a low asset base.

Health Grade Components

NCUA #24668
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.28%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$41.4MM$40.9MM
LoansQ4 2018vs Q4 2017$30.3MM$27.8MM
DepositsQ4 2018vs Q4 2017$36.8MM$36.4MM
Equity CapitalQ4 2018vs Q4 2017$4.3MM$4.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$563.00K$386.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$663.00K$1.1MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southern Mississippi Federal Credit Union Savings Account Rates

0.60%--IRA Savings
0.35%--Christmas Club

Southern Mississippi Federal Credit Union Money Market Rates

0.40%*$50k*-Money Market Account
OTHER TIERS: 0.35% $1.5k - $50k

Southern Mississippi Federal Credit Union CD Rates

2.50%--60 Month CD
2.25%--48 Month CD
2.10%--36 Month CD
1.60%--24 Month CD
1.25%--12 Month CD
0.80%--6 Month CD
0.60%--3 Month CD

Southern Mississippi Federal Credit Union IRA Rates

2.50%--60 Month IRA
2.25%--48 Month IRA
2.10%--36 Month IRA
1.60%--24 Month IRA
1.25%--12 Month IRA
0.80%--6 Month IRA
0.60%--3 Month IRA

Southern Mississippi Federal Credit Union Locations
Branch Office3318 HARDY STHATTIESBURG, MS 39401-6962
Branch Office315 Sawmill Rd Ste 214Laurel, MS 39440-3486
Branch Office3205 Hardy StHattiesburg, MS 39401-7060
Branch Office400 Forrest StHattiesburg, MS 39401-3455
Branch Office202 W Central AvePetal, MS 39465-2016

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