About Us

Credit Union Mission Statement

The purpose of Mississippi Postal Employees Federal Credit Union is to promote thrift among its members by affording them an opportunity to accumulate their savings, and to create for them a source of credit for provident or productive purposes.

This Credit Union is federally insured by the National Credit Union Adminsitration.

Insurance Fund
Since 1984, credit unions have fully funded their federal deposit insurance program on a pay-as-you-go basis. Each year, credit unions deposit sufficient funds to ensure that the fund's equity ratio is maintained at or above 1.2%. While the NCUSIF is backed by the full faith and credit of the U.S. Government, the structure of the insurance fund ensures that only if all of the capital in the credit union movement were to be exhausted would taxpayer funds be spent on credit unions. Like other deposit insurance funds, NCUSIF protects member deposits to $250,000.

Benefits of Membership
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens.

Membership

Mississippi Postal Employees Federal Credit Union was chartered April 29, 1935 for the employees of the Jackson Mississippi Postal Service. Since that time we have expanded our membership to include the employees of the Postal Service and ALL Federal Civilian employees within the state of Mississippi and their family members. Your spouse, children, parents, brothers, sisters, grandparents and grandchildren are all eligible to join the Mississippi Postal Employees Federal Credit Union and take advantage of Credit Union membership.

“Once a member, always a member” is the philosophy of the Credit Union membership. Keeping your account active and maintaining a required minimum balance in your share savings account is all it takes to remain a member for life.

As a member of the Mississippi Postal Employees Federal Credit Union, your funds are insured by the National Credit Union Administration (NCUA) for at least $250,000.00. Annually, federal examiners and auditors examine the Credit Union’s financial status and compliance with existing laws that govern Federal Credit Unions.

Whether you need help financing a new car, establishing a Home Equity line of credit, setting up an IRA, or just opening a new checking account, Mississippi Postal Employees Federal Credit Union can help you. We offer a host of financial products and services to help you make the right financial decisions.

Affiliations

Regulation and Supervision

Credit Unions are chartered under either federal or state law. Federally chartered Credit Unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. NCUA's three board members are nominated by the President and confirmed by the Senate. State chartered Credit Unions are regulated by their state Credit Union department. NCUA administers the federal insurance fund (NCUSIF), which covers all federal Credit Unions and most state chartered Credit Unions. No taxpayer money is used for regulating and overseeing federal Credit Unions, as all activities of NCUA and the NCUSIF are funded by Credit Unions.