Mississippi

REGULATING AGENCY: Mississippi Department of Banking & Consumer Finance

Mississippi State Capitol

LEAGUE: Mississippi Credit Union Association

PRIVATE SHARE INSURANCE: No

STATS: (As of June 2021)

Total Number of Credit Unions: 69

  • TOTAL # SCUs: 4
  • TOTAL # FCUs: 65
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 6%

Total Assets: $7,854,157,028

  • TOTAL $ SCU ASSETS: $897,329,548
  • TOTAL $ FCU ASSETS: $6,956,827,480
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 11%

Total Members: 692,615

  • TOTAL Members SCUs: 90,806
  • TOTAL Members FCUs: 601,809
  • SCU % OF TOTAL (SCUS/STATE TOAL): 13%

FUN FACT: Dashing hatmaker John B. Stetson made his western creation at Dunn’s Falls after the Civil War, forever changing cowboy style.


RECENT NEWS

HURRICANE IDA UPDATE

(08/31/21) The Louisiana Credit Union League is still assessing Hurricane Ida’s impact to credit unions.  Due to mass power and cell phone outages in southeastern Louisiana, communication with many areas is still limited.  Physical access to many areas is also limited.  The Mississippi Credit Union Association is in contact with the Louisiana Credit Union Association.  We’ll communicate with our member credit unions about offering assistance to Louisiana credit unions as more information becomes available.

(08/30/21) The Mississippi Credit Union Association is in contact with our member credit unions in areas affected by Hurricane Ida.  Although many credit unions are closed part or all of Monday as the storm continues its path across the state, no severe impact to Mississippi locations has been reported at this time.

Credit union members displaced by the storm can use their credit union’s online & mobile options when available, or if their credit union is in the CO-OP Shared Branching Network, can search for the nearest branch using the following resources:


STORY ARCHIVE:
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