2024 Overview
General Credit Union Information
Mutual is an NCUA insured institution located in Vicksburg, MS. It was founded in 1931 and has approximately $295.59 millions in assets.
Who can join?
If you live, work, worship, volunteer, or attend school in Warren County, Hinds County, Copiah County, Yazoo County, Claiborne County, Sharkey County, or Issaquena County, you are eligible to join Mutual Credit Union. Once you become a member, your immediate family members are also eligible to join Mutual Credit Union. An immediate family is defined as spouse, child, sibling, parent, grandparent, or grandchild.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 63584 |
| Date Established | 1931 |
| Assets | $295.59 million |
| Loans | $150.07 million |
| Deposits | $271.94 million |
| Capital | $37.14 million |
Field of Membership Restrictions
Membership is open to those who live, work, volunteer, attend school or worship in Warren, Hinds, Yazoo, Copiah, Sharkey, Claiborne, or Issaquena Counties in Mississippi.
Deposit Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.25% | $2,500 | $4,999 |
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|
|
Money Market
|
0.40% | $2,500 | $2,999 |
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|
|
Money Market
|
0.40% | $10,000 | $14,999 |
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|
|
Money Market
|
0.40% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.15% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Mutual
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 3029 |
Learn More | |||||
NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Mutual
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Branches
Below are Mutual branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Mutual Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 531.14 | A | View Lobby Hours | |
| 627.85 | B | View Lobby Hours | |
| 661.87 | C | View Lobby Hours | |
| 670.44 | D | View Lobby Hours | |
| 671.80 | E | View Lobby Hours | |
| 672.64 | F | View Lobby Hours |
Climate Policy and Initiatives
MUTUAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Mutual Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Mutual. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Mutual | U.S. Average |
|---|---|
| 3.35% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Mutual had $1,216,187 in non-current loans and $82,848 in owned assets. To cover these potential losses it had $37,144,947 in net worth and $1,581,124 in loans loss reserves. That gives it a Texas Ratio of 3.35%.
Net Worth
| Mutual | U.S. Average |
|---|---|
| 12.6% | 13.93% |
Mutual FCU has a net worth of 12.6% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Mutual
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