Sep, 30, 2025 — 1ST MISSISSIPPI FEDERAL CREDIT UNION is a federal credit union headquartered in MERIDIAN, MS with 2 branch locations and about $79.22 million in total assets. Opened 54 years ago in 1972, 1ST MISSISSIPPI FEDERAL CREDIT UNION has about 10,689 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST MISSISSIPPI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 19th Ave MERIDIAN, MS 39301 |
| Phone: | (601) 693-6873 |
| Fax: | (601) 693-6877 |
| Website: | https://www.1stms.com |
| Branches: | 2 branch locations |
| Members: | 10,689 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21073 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $79,224,129 |
| CEO/Manager: | Rebecca Cooper |
| Chairperson: | Clayton Cobler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,241,669 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,563,655 |
| Unsecured Loans | 6,199,267 |
| Other Loans | 34,809,762 |
| TOTAL LOANS | 50,572,684 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,106,258 |
| Land And Building | 1,495,036 |
| Other Fixed Assets | 231,323 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 525,008 |
| All Other Assets | 201,075 |
| TOTAL ASSETS | 79,224,129 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,204 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,484,768 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,966,752 |
| Regular shares | 23,384,977 |
| All Other Shares & Deposits | 18,434,688 |
| TOTAL SHARES & DEPOSITS | 52,786,417 |
| TOTAL LIABILITIES | 56,282,389 |
| Regular Reserve | 0 |
| Other Reserves | -9,022 |
| Undivided Earnings | 22,950,762 |
| TOTAL EQUITY | 22,941,740 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,224,129 |
| INCOME & EXPENSE | |
| Loan Income | 2,998,887 |
| Investment Income | 459,543 |
| Other Income | 1,279,612 |
| Total Employee Compensation & Benefits | 2,093,558 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,180,893 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 207,611 |
| Cost of Funds | 238,336 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 544,494 |
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