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Choctaw Credit Union Share
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Choctaw Credit Union is a federal credit union based in Choctaw, Mississippi. It has been opened since 1976, for 46 years.

With around $2,260,000 in assets, Choctaw Credit Union is considered to be a small credit union.

About Share
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Address Po Box 6284
Choctaw, Mississippi 39350
Phone (601) 656-0055
Fax (601) 656-9774
CEO Sandy L. Balderas
President of the Board Darlene Willis
Services Offered
Score Card Share
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46 years
Years in business
Opened in 1976
Well Capitalized
Net worth classification
Source: NCUA
1,840 members
Membership type: Community credit union
Below average number of members
409:1
Credit union member to staff ratio
409 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$2,257,495
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Mississippi
Average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 2 in Mississippi
Average number of branches
Choctaw Credit Union Branch Locations

Choctaw Federal Credit Union
203 Choctaw Town Center
Choctaw Town Center, Suite 203
Choctaw, Mississippi 39350
No ATM
Members Share
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1,840 members
Membership type: Community credit union
Below average number of members

With 1,840 members, the Choctaw Credit Union is considered to be a small credit union. It is smaller than 68% of credit unions.

Fees Share
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$44
Average fee per member
The average fee per member at the Choctaw Credit Union is $44, which is comparable to most credit unions. This rate is lower than 54% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Choctaw Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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409:1
Credit union member to staff ratio
409 per each FTE employee
Compared to 411:1 nationally
Fewer staff
4 staff members
FTE (full-time equivalent)
20% of employees are part-time
4 full-time, 1 part-time

Choctaw Credit Union has 4 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 80% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Choctaw Credit Union has around 409 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$2,257,495
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
25.7%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$2,133
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 98% of credit unions.

Choctaw Credit Union holds a total of $1,870,000 in loans and leases, which is about $2,133 per member on average.

Savings interest rate Share
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0.50%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Choctaw Credit Union pays 0.50%.

Loan rates Share
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15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates Share
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6.95%
New car loan rate
Compared to 4.0% nationally
8.50%
Used car loan rate
Compared to 5.2% nationally

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