Keesler Federal Credit Union has opened its first branch in the city of Madison, located at 1944 Main Street.

The Madison branch is Keesler Federal’s first stand-alone branch in the Jackson area market. The 4,305 square foot building will offer a full suite of loan and deposit products, mortgage and business services as well as a drive-up ATM, three-lane drive-up teller service, a night deposit drop box, and notary services. For member convenience, a tech bar and children’s area are available.

The Madison branch is located at the corner of Main Street and Welch Farms Boulevard, across from the Academy Sports and Hobby Lobby retail center. The walk-in location will operate from 9 a.m. to 5 p.m. Monday through Thursday; 9 a.m. to 5:30 p.m. Friday and 9 a.m. to 1 p.m. Saturday.

The new Madison location expands Keesler Federal’s footprint in the greater Jackson market. Keesler Federal in recent months opened branches in Flowood and Ridgeland. Keesler Federal also has locations at the Junction on I-55 North and in the MDOT Building in downtown Jackson.

Although the branch is now open, a grand opening celebration event is planned for Saturday, September 7, 2019.

Heather Mathis has been named manager of the new Madison branch. Mathis has worked extensively at both commercial banks and credit unions, and most recently served as manager at Keesler Federal’s Flowood branch, and also Financial Service Representative at Keesler Federal’s Junction branch in Jackson.

“Our growing footprint in the greater Jackson area will allow us to better meet the needs of those individuals and businesses looking for better deposit and lending rates,” said Andy Swoger, Keesler Federal CEO. “We want to go where there is a need, and our member feedback and research indicate there is a need. Our expansion into Madison positions us extremely well in a growing residential and business market.”

Keesler Federal has experienced tremendous growth over the last  several years.  Since 2016, the credit union has opened 17 new branches and originated over $4 billion in new loans.  Simultaneously it has reduced risk and grown its capital position to over  $430 million, which is  more than double the required reserved amount to be a well-capitalized institution per its regulatory agency (NCUA). All accounts are insured up to $250,000.

Datatrac – an independent, national research firm that monitors deposit and loan rates, fees and product features – earlier this year recognized Keesler Federal with its Great Rate Award® for auto loan, saving deposit and certificate rates. For two consecutive years Forbes magazine has honored Keesler Federal as one of “America’s Best In State Credit Unions.”

“We look for ways to say yes to our members,” Swoger said. “We are here to exceed our members’ expectations in every aspect, and it’s very easy to qualify for membership. We also like to remind people that the fundamental difference between a credit union and a bank is that banks have shareholders. Often the object is to increase the wealth of the shareholder, and that might have nothing to do with the customers.”

With assets of $2.9 billion, Keesler Federal is a not-for-profit, member-owned cooperative, the largest credit union in the state. Founded in 1947 to provide banking service to Keesler Air Force Base employees, it now has 35 locations, including branches in the Jackson, Hattiesburg and New Orleans markets as well as the Coast. Membership exceeds 240,000.