1st Mississippi Federal Credit Union

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A short history of 1st Mississippi FCU

Since its inception in 1972 the 1st Mississippi Federal Credit Union has been serving its members in the Meridian, Mississippi area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Frank Besecke, the 1st Mississippi FCU has grown its membership to over 9,615 with assets of more than $58,615,583. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (601) 693-6873 or email them at 1stmsfcu@1stmsfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Meridian, MS.

General Information For 1st Mississippi FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 21073
Address 600 19th Ave 
City Meridian 
State Mississippi 
Zip-Code 39301
Phone Number (601) 693-6873
Fax Number (601) 693-6877
Email Address: 1stmsfcu@1stmsfcu.org
CEO/President Frank Besecke
Members 9,615 
Full-Time Employees 22 
Part-Time Employees
Number of Branch Offices
Total Assets 58,615,583 
Website https://www.1stms.com 

Compare 1st Mississippi Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Postal CU Postal Credit Union 2100 9th St Ste 5 39302 (601) 693-7413 No 7.18
Meridian Mutual CU Main Office 809 26th Ave 39302 (601) 693-1900 No 7.35
Muna CU MUNA Federal Credit Union 4400 Highway 39 N 39303 (601) 693-8563 No 8.44
Meridian Mississippi Ang CU Main 6225 M St Bldg 305 39304 (604) 483-7307 No 8.66

1st Mississippi Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


1st Mississippi Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 7.49 12.99 7.99 9.49
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 566 796 469 505
Rank Among All Mississippi Credit Unions N/A 51 53 25 18

1st Mississippi Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.15 0.35 0.55 0.80
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 119 89 251 184
Rank Among All Mississippi Credit Unions 12 25 5 28 10
1st Mississippi Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 11.7501,9392,067,475
Short-Term, Small Amount Loans (STS) (Federal CU Only) 27.0004816,648
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 7.49041822,931
Used Vehicle Loans 12.9907776,465,735
Total 1st Mortgage Real Estate Loans/Lines of Credit 7.9901526,779,473
Total Other Real Estate Loans/Lines of Credit 9.49016235,688
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.9903101,645,369
TOTAL LOANS & LEASES 3,28318,033,319

1st Mississippi Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 8168,80600
    b. 15 Years or less 45883,7075184,439
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 935,513,71715884,484
Other Fixed Rate 3112,22400
Adjustable Rate 1 yr or less 3101,01900
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 16235,68819,065
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 1687,015,161211,077,988

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

1st Mississippi Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes