# MISSISSIPPI
JACKSON, MS · NCUA charter 24585 · asset band $100-200M · latest filing 2024-09 · stopped filing after 2024-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/mississippi-24585

Who the members are: federal charter, multiple common bond, organized 1958, low-income designated. 23,286 members of 36,723 potential (63.4% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $161.6M |
| Members | 23,286 (2.3% YoY) |
| Full-time staff | 50 |
| Net worth | $21.5M |
| Net worth ratio | 13.3% (p73 of band) |
| ROA (annualized) | 0.64% (p47 of band) |
| Total delinquency | 0.59% (p47 of band) |
| Net charge-offs (annualized) | 0.89% (p88 of band) |
| Loans / shares | 63% (p28 of band) |
| Cash / assets | 30.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.06% (p81 of band) |
| Operating expense / assets | 5.23% (p93 of band) |
| Vehicles % of loans | 50% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p14 of band) |
| Vehicle delinquency | 0.30% (p27 of band) |
| Vehicle NCO | 0.60% (p65 of band) |
| Repossessed % of vehicle book | 0.11% (p81 of band) |
| Real estate % of loans | 28% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 15% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 21% |
| Average share balance | $3,624 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $12,127 |
| Loans granted, annualized | $28.8M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | delinquency rising, charge-offs p90 |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | charge-offs p90 |
| 2018-03 | 0 |  |  |
| 2018-06 | 2 | delinquency rising, charge-offs p90 |  |
| 2018-09 | 3 | delinquency 2x band |  |
| 2018-12 | 2 |  | charge-offs p90 |
| 2019-03 | 1 |  | delinquency rising |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 | expense trap | delinquency 2x band |
| 2020-03 | 2 | charge-offs p90 |  |
| 2020-06 | 3 | net worth falling, margin squeeze | charge-offs p90 |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | expense trap |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 | members leaving | net worth falling |
| 2021-09 | 1 |  | margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 4 | net worth falling, expense trap, delinquency rising |  |
| 2022-06 | 1 |  | members leaving, net worth falling, expense trap |
| 2022-09 | 2 | expense trap |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 1 |  |  |
| 2023-06 | 0 |  | expense trap |
| 2023-09 | 1 | expense trap |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | delinquency rising |  |
| 2024-06 | 1 |  | delinquency rising |
| 2024-09 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-26 [Mutual Credit Union Merger Enhances Services for Members - WLBT](https://news.google.com/rss/articles/CBMijgFBVV95cUxOR18xUnc5bW1qNHFBWmtRY2xGa2VrZFhtZGhrX29yeEN6ZXl2R0lLYVNLZVVfX3RNaUozLWlQRTZvdG1nRlpRNjRzOEhrUmpuZmd3LWR0Q1ZIa0FTelZTU19OOUJ4d09DS0RPZEpmUW5nX3o4QkNUdEZfUExaU052UWY5SlFrTGs5VXpMUzNR0gGiAUFVX3lxTE1jODdRTmpKb2wyMGZDUEprTnpIVFNmbm8wU0JTZHJaQldEY2NieG9IU3h1NGlPWDgwaXI1bDJoUWdTRHFmV0ZhUC16UmlNYmVzWl9kZkFhbmgxck5FMFRkRUw3STNwMjNuMHB1blVyYWdjSjhta2dReTBIZ20zcTBPX0o5dnRqcmlsR3FyYURiY3hBTjZtN2U4alU1SllIOGNfQQ?oc=5) · WLBT
- 2026-06-18 [Former Jackson credit union CEO wrapped up in $95M embezzlement suit - SuperTalk Mississippi Media](https://news.google.com/rss/articles/CBMimAFBVV95cUxNaHlmaGwzRmFaVldpRF9xa1N3bENfbDI2eGY1N0R1czk3MktZZVVqUndjbUxsd2JRa1dSUGJYT3F5UGliQTBKSnFNTDZRSGJnRkoydWFKaGZQa3RPSEpXSUo3aWtCa0EwZ3ctc1RwT3FlYWhsQkdqSFYyS2NiWFFxWl9JQU90YS1jNEJpWUIyUjhRRnJ6RGRxWQ?oc=5) · SuperTalk Mississippi Media
- 2026-06-15 [Former Jackson Area Federal Credit Union CEO accused of misappropriating $95 million for luxury buys - WAPT](https://news.google.com/rss/articles/CBMilgFBVV95cUxOTkRPejNoWjNpbzVIeVl3SHZRQUlTaTJvbDVYQWdmdFpYTkRBNHprNHZhZURUNmNPSjBFS3gyOXJnTUFlVGxGR3BTQlA4RE9Ga2tTZlRyeGw2M0ZDaTFOMFo5cUEwSDQ1R0ZsUWVoOFlPNElCVUFGRnNsS3JGa3IxbFVCd09jVGh1VDdHVlNXWkpiQnR1TWc?oc=5) · WAPT
- 2025-12-16 [Members of Tennessee and Mississippi Credit Union Trade Associations overwhelmingly vote to merge - CUInsight](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQcWpYRWljc1k3dWNjeTdpcFg2UkJITmFRUFNQckx1WGFiMFJxM3F6ZFhxQWFRVkRtQ0d2b2F0QlpZbF95VUo1NjhqUm1uVUM3dVFYNXRLM0p6UHVrU0JiUE5UREZSbXNWUjljaURBN1BRRjgxYnN3TV9jX0R3aEtja1BYNHN0SjFaUl9TU0NuRUpVM1NYMDBHR25HMmJMM2VFU1dNQUJHTXF6amlxOVc0NGNoQ3RDeTVtVUhfMVZnOVF1TDhWdE1NWXpJVVpRWDdKdGotbQ?oc=5) · CUInsight
- 2026-05-06 [NCUA Conserves Jackson Area FCU in Mississippi - CUTimes](https://news.google.com/rss/articles/CBMiigFBVV95cUxNQlhGRThxN2MtTUNUMWJZNXQ5bDZTVmdiLWVrc0Nibl93YzJRUVhBbWZvMmUxQ1JlbEE4T1I3RjNCaUpxV1VZQ2lDcFRic0t6YlU5Y2RXaVlTMm1mU2wtMGRuaTI3SnAzMURtVnRyQ1JkVlZIcUhNVU9YWnZKYzVNdENkcWxCV0N2cWc?oc=5) · CUTimes
- 2026-06-16 [Lawsuit alleges Jackson credit union fraud included a Tesla and more - The Clarion-Ledger](https://news.google.com/rss/articles/CBMitAFBVV95cUxPSlZUc0YzYmN6RjFOYmtSSWRTRkV5NWc1WGRlTHM0V1Zha3l2dTk2UWpudTNSVlZYUElJenVrbTdEaENPNmNCLVQ2bXJnOW1XYXBGcUFXWFk1b0JhU01VV3ZiNWtGSlB5UjBsWE5mWTkzMEY0V2VLeE1mN0NtdEJQME11OElNSFZVSlZ3bUVSdlkwOGN1R0xIUlpxNUMxOHhsSlJOekhaeDFyb2U1TlhYT1BRenQ?oc=5) · The Clarion-Ledger
- 2026-08-13 [Leigh Bridges asks judge to pause Mississippi credit union lawsuit, citing criminal case - WAPT](https://news.google.com/rss/articles/CBMikgFBVV95cUxPTzUweUdGMTdiMWpBeWhXam9qZnhyVjFZREJQYWRielhqaExnSjV1QTZ3bnViZHhlWTZpUjBRS0xCdGprMTJwS2dKRDBsU2FyeVJXMVpySGFDVDVnNDVwWnptRUJfdkRIa3dzemFFdk1sRGJ0NDlxU1JmQ3NiQXZyTG5tdlo1b1F4M2pha1l2Yy1MUQ?oc=5) · WAPT
- 2026-01-06 [Mississippi woman charged with cashing forged check in York - fox43.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxNQlY2RjEyM1h5WUllamoxeTlaQjYyYzZBcjZET2FCR2V1R0lCME5peHkwMlVINjlnOHV3TlNsTmx3NjFOd1IzU0doTC15ei1aQTZZeS0xRGtKWF9mbDljUmZiQXNmVWFCSl9tdXpueWVQblg3N0VaVDBpSVhVakdIQWxST0JhQTd5dm5xZmxhRWN4T3RkVjhzOGJ0aWZXYlRsLWRnSnFOdDBES1NDOXFTaGF4WGpQM0NEY0hROVNGLXZ3YlBZVFhHcHJsTHg4ZWhZT2RhazBydkRHa08xSy03bFdFR093MzNSRDQ3SWNrVU9VNjRmd0pzRkFB?oc=5) · fox43.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24585 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/9.json (key "24585", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=24585
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide