Power Outage Continues to Affect a Mutual Branch & an ATM Location (4/16)

update Mouse Social

UPDATE AS OF TUESDAY, APRIL 16TH: Due to continued power outages in our area following the storms and tornadoes on Saturday (4/13), the 2086 South Frontage Road Branch of Mutual Credit Union in Vicksburg, MS remains closed TODAY (4/16). Our ATM located at The Pemberton Mall is also out of service until power is restored. Please visit any of our other four (4) branch locations to conduct business. Click Here for a list of branch and ATM locations.

Remember, you also have access 24/7 to your account(s) & bill pay through online banking at https://mutualcu.org. Should you need further assistance, please contact us at 877-457-3654 option 0 during normal business hours (Monday-Thursday 9a-5p; & Fridays 9a-6p) to reach someone in the Call Center or submit your question through our web-page.

Thank you for your patience as we all work together to get our Vicksburg community back online.


Press Release

February 28, 2019

(Vicksburg, MS): Effective Thursday, February 28, 2019, the Mutual Credit Union ATM located on the campus of The U.S. Army Corps of Engineers Engineer Research and Development Center in Vicksburg, MS was placed back into operation.  “We are excited about having our ATM operational again on the ERDC campus,” states Mutual Credit Union President, Michael Mathews. “The ATM will allow for 24-hour ATM access for staff and visitors.”

Along with upgrades to the 1604 Cherry Street branch and the ERDC ATM, Mutual Credit Union continues to add to its suite of digital friendly services with optimized online banking features – to include first in class CheckFree® bill pay services and the Mutual mobile app with remote deposit capture. Depositing checks from your phone and easy online loan applications for everything from cars to mortgages to personal loans are designed for members on the go. Mutual continues to participate in the Co-Op® shared branching network, providing access to over 5,600 branches nationwide and 30,000 surcharge-free ATMs. With shared branching and Mutual’s digital services, we are everywhere you need to be.


Hours of operation for all Mutual locations are Monday – Thursday 9 a.m. – 5 p.m. and Friday 9 a.m. – 6 p.m.; drive through services open at 8:30 a.m. Account access is also available 24/7/365 by visiting www.mutualcu.org, using the Mutual Credit Union app on your mobile device or by calling our SAM Audio Response System at 1-877-457-3654 Option 1.



For more information about Mutual Credit Union please follow this link to our webpage. For additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.


Cherry Street Branch to Re-Open Tuesday, February 19, 2019

Press Release

February 13, 2019

Cherry Street Branch to Re-Open Tuesday, February 19th

(Vicksburg, MS): The Main Branch of Mutual Credit Union located at 1604 Cherry Street will re-open to the public on Tuesday, February 19, 2019 at 9 a.m. after undergoing extensive renovations to both the exterior and the interior of the building.

We are so excited to open Main Office back up on February 19th,” states Mutual Credit Union CFO, Jennifer Lynne McMillin. “Our renovated space will allow us to better serve our members and provide a secure and safe environment for our members and employees.  We have expanded our office space to prepare for future growth and opportunities.  We look forward to having our members back at our Cherry Street branch.”

Also, on Tuesday, February 19th the coin machine located inside the Cherry Street branch will be available for use. Members can access this service during normal business hours starting this Tuesday, February 19th.

The hours of operation for all Mutual branch locations remain Monday – Thursday 9 a.m. – 5 p.m. and Fridays 9 a.m. – 6 p.m.; drive through services open at 8:30 a.m. at every branch. Account access is also available 24/7/365 by visiting www.mutualcu.org, using the Mutual Credit Union app on your mobile device, or by calling our SAM Audio Response System at 1-877-457-3654 Option 1.

Cherry Street View (New)

The 1604 Cherry Street location of Mutual Credit Union was constructed in 1984. In 1998-1999 it was renovated to add a Drive-Thru and to expand the main branch and support offices.

For more information about Mutual Credit Union please follow this link to our webpage. Any additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.


2019-2020 Mutual Credit Union Scholarship Committee NOW Accepting Applications

Press Release

February 1, 2019

2019-2020 Mutual Credit Union Scholarship

(Vicksburg, MS): The Mutual Credit Union Scholarship Committee is pleased to announce the we are accepting applications for our 2019-2020 Mutual CU Scholarship. Every year, Mutual provides $10,000 in awards for the upcoming school year to recognize its members who have shown scholastic achievement and who are interested in advancing their education. We will award six (6) scholarships in the amount of $3000, $2000, (2) $1500, and (2) $1000 to High School Seniors who best meet the requirements.

The deadline to apply is Monday, April 1, 2019. A completed application package must be mailed or delivered by April 1, 2019 to the following address:

Mutual Credit Union • ATTN: Susan Mandarino • PO Box 25 • Vicksburg, MS 39181

It can also be emailed to smandarino@mutualcu.org or delivered to any of our branch locations. For additional questions or to request an application be mailed to you, please call 877-457-3654 ext. 1226 or email smandarino@mutualcu.org.

Mutual CU has a firmly-held belief that the education of our community’s youth is a solid investment in our community’s future. We wish the best of luck to all applicants and to each of our graduating seniors.

Hours of operation for all Mutual locations are Monday – Thursday 9 a.m. – 5 p.m. and Friday 9 a.m. – 6 p.m.; drive through services open at 8:30 a.m. Account access is also available 24/7/365 by visiting www.mutualcu.org, using the Mutual Credit Union app on your mobile device or by calling our SAM Audio Response System at 1-877-457-3654 Option 1.

For more information about the Mutual Credit Union Scholarship program please follow this link to our webpage. For additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.


2019 Business Meeting of Mutual Credit Union


January 4, 2019

Mutual Credit Union’s annual BUSINESS meeting will be held February 21, 2019 at 6:30 PM at the Vicksburg Convention Center located at 1600 Mulberry Street Vicksburg, MS. This meeting is a chance to review the state of the credit union and the 2018 annual report.

This is a business meeting of the membership, there will not be door prizes or refreshments available during this event.

Elections for the volunteer board of directors and supervisory committee will be open from January 3 through 31. Voting will be held electronically through a secure portal on the mutualcu.org website, or by accessing the voting site directly at mutualcu.cuballot.com. You may also request a paper ballot by contacting us at 833-282-6595. Voting is fast and easy!

Working with financial information

Volunteer At A Soup Kitchen

This holiday season, take a break from frenzied consumerism by thinking about those who are truly less fortunate than you.Soup Kitchen Choose one block of time this month to volunteer at a local soup kitchen. When the colder weather draws larger than normal crowds, they can certainly use all the help you can offer. 

Once you’ve been given your job, roll up your sleeves and get to work – but be sure to keep your eyes open. Offer a smile to those who look especially downtrodden, a helping hand to the infirm and some warm words to anyone who can use it. Serve up lunch with an extra dose of kindness and brighten people’s day. 

When your shift is complete, you’ll find that you haven’t only given of your energy and time, you’ve also gained a new perspective in life by rubbing shoulders with the needy. When you dive back into your holiday prep, you’ll remember to appreciate all you have. 

Turn the holidays into a happy time for others! 

Ways to Serve or Donate in our Local Community:

United Way Holiday needs     United Way Holiday Ideas

10 Reasons To Be Thankful for Your Credit Union

We often take life’s many gifts for granted by failing to appreciate them deeply enough. Thanksgiving offers the perfect opportunity to reflect upon everything that is wonderful in our lives and to show our gratitude for each and every gift we’ve been given. 

MSR shaking members hand across the deskThis Thanksgiving, give thanks for your credit union! Here are 10 reasons to be grateful you belong to Mutual Credit Union. 

1. Superior member service

At Mutual Credit Union, you’re always greeted with happy faces and representatives who are ready and willing to help you. There’s no cold, sterile atmosphere here! Instead, at Mutual, every member is part of the family. We’re truly invested in your financial wellness and we’re here to help you achieve and maintain it, every step of the way.

2. You have access to better savings rates

We’re not paying dividends to stockholders, and that means we have more savings to pass back to you. At Mutual, we’re proud to offer you share certificates, money market, and savings rates that are competitive.

3. We make it easy to qualify for credit

We are local and all decisions are made locally. No contacting a corporate office for approval states away on members that we know and value. The more we know you the better our opportunities are to grow together. That makes it easier for you to open a new line of credit, even if your existing credit isn’t perfect. 

4. We offer lower interest rates

Need a stash of cash? Stop by Mutual and take your pick of personal loans – home loans, auto loans, and more, all with reasonable interest rates that are often lower than the regional or national average. We’ll help you get the funds you need with a payback plan you can actually afford!

5. Your money is safe here

Federally insured credit unions and banks both offer insurance on accounts of up to $250,000. But credit unions are also subject to strict regulations on their investments and loans. This means you can keep your money here without worrying about its security. 

6. We offer FREE and Low Cost Checking Accounts

Our checking accounts exist to provide you with a safe, convenient place to store your money—not to milk you for it. We offer checking accounts at Mutual that are free or low cost to set up and maintain.

Conversely, according to a MoneyRates survey, the average monthly maintenance fee for a checking account at a bank is $12. That’s nearly $150 coming out of consumers’ pockets each year!

At Mutual, you’ll have a safe place to keep your money without it costing you and in some cases where you are even being rewarded for your checking account.

7. You own a piece of your credit union

Credit unions are member-owned and member-operated. You get to weigh in on our major decisions instead of being forced to follow along with whatever the higher-ups decide. Your money=your choices. 

8. We support our communities 

Credit unions are invested in the success of our communities. Here at Mutual, we are here to foster relationships within our schools, our community agencies, like The United Way of West Central MS, as well as our community businesses and their employees and families.

9. Fewer fees & added conveniences

From steep overdraft fees to costly ATM fees, there’s another bill to pay at every turn at other Financial Institutions.

Here at Mutual, we want to help you keep as much of your money as possible. If you have a question about your finances, or need help figuring out how to reach the next level of financial freedom, we’re here to help you find a solution. We offer mobile and online banking options to keep you on track and informed when it comes to your money. Mutual offers flexible payment platforms that work with Apple Pay, Google Pay and Samsung Pay for your added convenience. It’s like you own a large corporate company with all the features you need but with all the feels and conveniences that are synonymous with locally owned.

We also want you to have access to your money without worrying about expensive ATM fees. To that end, we provide our members with a large network of ATM’s through our shared branching network that offers Free or Low cost fees to you when withdrawing money. Some of our checking accounts even reimburse you monthly for ATM fees you might incur. 

10. You have access to a variety of financial services 

At Mutual, we’re a lot more than just a gigantic piggy bank. We provide members with an array of financial services to meet every money-related need at every life stage. These include: Credit Cards with low or no annual fees and low interest rates, Direct Deposit, Wire Deposits, Financial Education and Counseling Services, Youth Accounts, Holiday/Vacation Clubs, Holiday/Vacation Loans, Vehicle Loans, Mortgages and Home Equity Lines of Credit, Notary Services, Online Banking and more!

As a member of a credit union, your money is always in good hands. Aren’t you thankful you belong to Mutual Credit Union? 

Your Turn: Why are you thankful for Mutual Credit Union? Share your favorite reasons with us in the comments!






Mutual Credit Union Celebrates The 70th Anniversary of International Credit Union Day

2018_ICU_EN_Logo_HighRes_White.jpgOn Thursday, October 18th, Mutual Credit Union will, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day (ICU Day), and the philosophy and achievements of the credit union movement. The Credit Union Movement would not be possible without each of YOU our dedicated members of Mutual Credit Union.

To celebrate You and International Credit Union Day we INVITE all members of Mutual Credit Union to visit any of our four branch locations plus our Monroe Street Drive-Thru for refreshments and a few goodies on Thursday, October 18, 2018 from 9:00 a.m. – 5:00 p.m. Please find a list of locations below or follow this link for more location details. Refreshments and Mutual Credit Union items available while supplies last.

  • Clay Street Branch – 4210 Clay Street Vicksburg, MS
  • South Frontage Road – 2086 S. Frontage Road Vicksburg, MS
  • Monroe Street Drive-thru – 1604 Cherry Street Vicksburg, MS
  • Raymond Branch – 460 East Main Street Raymond, MS
  • Yazoo Branch – 1505 Grand Avenue Yazoo City, MS

Mutual Credit Union celebrates ICU Day because it believes the not-for-profit structure and people-first principles of credit unions make them the ideal financial partners for all people. This year’s ICU Day theme is “Find your platinum lining in credit unions,” a celebration combining the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.”

Mutual Credit Union members are welcome to celebrate with us this worldwide movement that’s made helping people its No. 1 priority for more than 160 years.

For more information about Mutual Credit Union please follow this link to our web page. Any additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1220.



People Helping People

The credit union movement began 160 years ago with a simple but radical idea. That with the help of your neighbors, you can improve your financial well-being.People Helping People photo

This idea spread across the world, and credit unions flourished, especially during times of economic hardship.

During the Great Depression, scores of ordinary Americans—farmers, teachers, small business owners—found themselves without access to banking services, so they banded together to become their own not-for-profit financial institution. Credit unions opened in record numbers.

During the recent Great Recession, again credit union memberships swelled. Today there are more than 200 million credit union members worldwide—100 million of them in the U.S.

But even after all this time, the bedrock principles of credit unions remain unchanged. Credit unions are still:

People coming together to be their own bank, so no one can deny them a path to prosperity.

People pooling their savings to provide each other affordable credit.

People helping people.

Mutual Credit Union continues to celebrate the principles of people helping people every day. Visit us to see how we can help you too.

Welcome to the Mutual Credit Union Blog!

  Chartered in 1931, Mutual Credit Union is Mississippi’s oldest credit union, and one of the Southeast’s most respected. Through the years, our State chartered financial institution has grown from humble beginnings into a world-class financial services organization with over 21,000 active members and over $188 million in assets.

Mutual Credit Union serves those who LIVE, WORK, WORSHIP, VOLUNTEER, or ATTEND SCHOOL in Warren, Hinds, Yazoo, Issaquena, Sharkey, Claiborne and Copiah Counties.  Offering the complete continuum of consumer financial services, Mutual Credit Union provides members with the same level of service as commercial banks for substantially less cost. Whether it’s below commercial bank rates on loans or the lowest possible fees on share draft (checking) accounts, Mutual Credit Union members invariably get more for their money.

Working closely with our members, Mutual Credit Union has continually evolved to meet their changing needs. For instance, we are aggressive when it comes to adopting the latest technology. We were the fourth credit union in the entire United States to offer online account access and related Internet services. But perhaps the most important benefit Mutual Credit Union members realize is a personal connection with the organization and its employees. We are based in Vicksburg, Mississippi, and that’s where all of our decisions are made. In turn, our members enjoy easy access to local decision makers, as well as the peace-of-mind that comes from doing business with the area’s only “hometown” financial institution.

In short, we hold each member in high regard, and we trust it’s safe to say, “Mutual Credit Union has a Tradition of Value.”

Mutual Credit Union relies on 12 volunteers to look to the best interest of its members.

The Board of Directors is comprised of 9 volunteers with 3 year staggered terms who are elected by the MCU members at the annual meeting.

While Mutual Credit Union has a CEO, President and staff to manage the day-to-day affairs and direction of the credit union, the Board of Directors is tasked with the general management of affairs, funds and records of Mutual Credit Union.

Along with the Board of Directors, the Supervisory Committee is made up of 3 volunteers also elected to 3 years terms at the annual meeting.  The Supervisory Committee is responsible for the auditing of receipts, disbursements, income, assets and liabilities of the credit union.

In compliance with the bylaws of Mutual Credit Union, a meeting is held each year prior to March 31st where all members of the credit union are urged to attend and participate in determining the direction of the credit union. The annual meeting is the time for volunteer elections – every year 3 board member seats and 1 supervisory committee seat comes up for re-election and the members of the credit union vote for the candidates to sit on the Board of Directors and Supervisory Committee.  This is one of the special actions that makes being a member of a credit union unique and rewarding.

Members have a say in the future of the credit union by selecting the Board of Directors. We also have a lot of fun at our annual meetings; with food, games and prizes, taking part in the future of your financial institution couldn’t be more rewarding!

Welcome to a new way of banking, that has been our way since 1931 – members helping members, where our focus is YOU!


For more information visit Mutual Credit Union’s website.