Mutual Credit Union

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A short history of Mutual CU

Since its inception in 1931 the Mutual Credit Union has been serving its members in the Vicksburg, 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 Michael Mathews, the Mutual CU has grown its membership to over 20,516 with assets of more than $203,122,958. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (601) 636-7523 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Vicksburg, MS.

General Information For Mutual CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 63584
Address PO Box 25 
City Vicksburg 
State Mississippi 
Zip-Code 39181
Phone Number (601) 636-7523
Fax Number (601) 630-9035
Email Address:
CEO/President Michael Mathews
Members 20,516 
Full-Time Employees 56 
Part-Time Employees
Number of Branch Offices
Total Assets 203,122,958 

Compare Mutual Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Vicksburg Railroad CU Vicksburg Railroad Credit Union 2101 Cherry St 39181 (601) 638-3134 No 0.75
Vickswood CU Vicksburg Main Branch 107 Thalweg Dr 39182 (601) 636-4434 No 2.81
M S T C CU MSTC Federal Credit Union 500 Clinton Center Dr 39225 (601) 923-7445 No 29.23

Mutual Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Mutual 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 7.75 1.99 1.99 3.99 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 78 34 21 137 100
Rank Among All Mississippi Credit Unions 2 1 1 6 2

Mutual Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.25 0.40 0.50 0.25
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 95 76 263 266
Rank Among All Mississippi Credit Unions 12 21 4 29 19
Mutual Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.7501,2473,612,195
All Other Unsecured Loans/Lines of Credit 18.0003,2238,802,556
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.9904048,259,518
Used Vehicle Loans 1.9902,18524,158,805
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.99052428,453,619
Total Other Real Estate Loans/Lines of Credit 4.0001834,738,877
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.2509084,817,020
TOTAL LOANS & LEASES 8,67482,842,590

Mutual Credit Union Real Estate Loans and Lines of Credit


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 0000
    b. 15 Years or less 39924,651,207141,021,722
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 762,074,99223179,175
Adjustable Rate > 1 yr 491,727,42027542,177


Closed-End Fixed Rate 22873,635393,500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1613,865,24258679,707
Open-End Fixed Rate 0000
TOTALS 70733,192,4961252,516,281


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

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