University Of Southern Mississippi Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

3318 Hardy St, Hattiesburg, MS 39401-6962

Website

(601) 450-4114

Data Source: NCUA, December 31, 2016


Southern Mississippi Federal Credit Union was founded in 1956. Headquartered in Hattiesburg, Mississippi, Southern Mississippi Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Southern Mississippi Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Southern Mississippi Federal Credit Union services 7,792 members through its 5 offices and branches and 21 full-time employees. It has $40,907,792 of total assets and $3,967,507 of net worth. Based on its asset size and net worth ratio, Southern Mississippi Federal Credit Union is classified as a Well Capitalized medium small credit union.

Southern Mississippi Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Southern Mississippi Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Southern Mississippi Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Mississippi and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Mississippi
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.2000
0.2500
0.1200
Money Market
0.3000
0.3750
0.2500
Certificate Deplit
0.9900
0.8000
0.5800
IRA
0.2000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Mississippi
National Median Rates
Credit Cards
10.2400
10.5700
9.9900
Unsecured Line of Credits
12.0300
13.5600
10.9500
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
6.5000
6.0200
New Car Loans
7.2100
4.9000
3.3300
Used Car Loans
9.0800
7.5400
4.5000
1st Mortgage Real Estates
6.1400
5.8000
4.2500
Other Real Estates
6.4400
5.2500
4.7000

Southern Mississippi Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Southern Mississippi Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
No
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

As a community financial institution, Southern Mississippi Federal Credit Union actively involves in local communities by prliding services such as financial counseling .

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Downtown Branch
400 Forrest St
Hattiesburg, MS 39401-3455
Phone:601-545-6068

Hardy Street Branch
3205 Hardy St
Hattiesburg, MS 39401-7060
Phone:601-583-6938

Laurel Branch
315 Sawmill Rd Ste 214
Laurel, MS 39440-3486
Phone:601-425-5461

Petal Branch
202 W Central Ave
Petal, MS 39465-2016
Phone:601-475-1996

SM Federal Cu
Main Office

3318 Hardy St
Hattiesburg, MS 39401-6962
Phone:601-450-4114

(601) 261-5305

No Review

  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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