Credit union · NCUA insured
Memorial Federal Credit Union
A $5.9M credit union headquartered in Gulfport, MS, with 1,118 members and 1 branch in Mississippi. Best rates: CDs 0.80% and savings 0.10% APY.
Memorial Federal Credit Union Carrot Score
67
Carrot Score
Higher than 18% of U.S. banks and credit unions
#15 of 18 in Gulfport, MS metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Memorial Federal Credit Union
Memorial Federal Credit Union opened in February 1962 in Gulfport, Mississippi, to provide financial services to the employees of Memorial Hospital and their family members.
The credit union is owned by its members and strives to provide quality financial services to fit their needs.
- Headquarters
- 4305 14th St., Gulfport, MS 39501
- NCUA charter
- 14824
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees and medical staff of Memorial Hospital at Gulfport, its surrounding clinics, and Gulf Coast Mental Health are eligible for membership.
Family and household
- Immediate family members of employees and medical staff of Memorial Hospital at Gulfport, its surrounding clinics, and Gulf Coast Mental Health are eligible for membership.
Cost to join
- Joining and opening an account requires $15.00.
Branches
1 branch in Mississippi
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Mississippi
1 branch
- Memorial Federal Credit UnionMain office4305 14th St., Gulfport, MS 39501Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 38.30% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.16% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.10% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $56 | $59 | — |
- CapitalNet worth ratio38.30%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.16%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.10%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$56Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Memorial Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.