A
Mississippi Federal Credit Union
JacksonMS
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 12.8 and a net worth ratio of 13.0. A current level of 2.4 percent of nonperforming loans to core capital combined with 1.1 percent from a year earlier contributes to the Excellent asset quality (9.7).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10). Fair liquidity 4.9, driven by a liquidity ratio of 27.0 percent and a “hot money” ratio of 11.5 percent.
Asset Mix: Consumer loans (35%), home mtgs (12%), other (53%)
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Corporate Info
Address
2500 North State Street
Jackson, MS 39216
Phone Number
(601) 351-9200
NCUA Charter Number