Sep, 30, 2025 — MUTUAL CREDIT UNION is a federal credit union headquartered in VICKSBURG, MS with 12 branch locations and about $491.36 million in total assets. Opened 95 years ago in 1931, MUTUAL CREDIT UNION has about 43,075 members and employs 133 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUTUAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1604 Cherry St VICKSBURG, MS 39180 |
| Phone: | (601) 636-7523 |
| Fax: | (601) 630-9035 |
| Website: | https://www.mutualcu.org |
| Branches: | 12 branch locations |
| Members: | 43,075 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24948 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $491,361,106 |
| CEO/Manager: | Michael D Mathews |
| Chairperson: | Jerry Dean |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,240,279 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,420,478 |
| Unsecured Loans | 47,092,162 |
| Other Loans | 152,974,694 |
| TOTAL LOANS | 281,487,334 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,657,346 |
| Land And Building | 16,944,051 |
| Other Fixed Assets | 4,082,666 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,119,056 |
| All Other Assets | 424,609 |
| TOTAL ASSETS | 491,361,106 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,508,609 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 84,212,086 |
| Regular shares | 163,696,603 |
| All Other Shares & Deposits | 182,246,214 |
| TOTAL SHARES & DEPOSITS | 430,154,903 |
| TOTAL LIABILITIES | 436,664,158 |
| Regular Reserve | 0 |
| Other Reserves | 10,000,506 |
| Undivided Earnings | 44,696,442 |
| TOTAL EQUITY | 54,696,948 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 491,361,106 |
| INCOME & EXPENSE | |
| Loan Income | 14,283,137 |
| Investment Income | 4,905,624 |
| Other Income | 5,975,433 |
| Total Employee Compensation & Benefits | 7,417,951 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,805,832 |
| Non-operating Income & (Expense) | -40,787 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,249,348 |
| Cost of Funds | 4,590,964 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,591,132 |
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