Quitman Tri-County Federal Credit Union

Marks MS


Quitman Tri-County Federal Credit Union (Quitman) was established in 1981 to serve Quitman County, a predominately African American county located in the economically distressed Delta region of Mississippi. It has recently been approved by NCUA to expand service to adjacent Panola and Tallahatchie Counties, both of which are also severely distressed. These areas have recently lost bank branches, which Quitman hopes to replace with its own satellite offices. Quitman currently provides financial and development services and personal and business loans to Low-Income individuals in Quitman County.

CDFI Awards for Quitman Tri-County Federal Credit Union


CORE (2002) - $100,000

The $100,000 technical assistance grant from the CDFI Fund will allow the credit union to increase its provision of credit and affordable financial services to the low-income residents of its three county service area in the Mississippi a€“ one of the most significantly distressed areas of the country.



SECA (2000) - $69,000

The technical assistance award will give Quitman a significant foundation for a successful expansion by providing financial products marketing consulting services to attract new members and borrowers, by networking all the branches, and by purchasing new online accounting software and an ATM for one site in the expanded service areas.



SECA (1998) - $32,500

With the $32,500 CDFI Fund technical assistance grant, Quitman County FCU will be able to provide training for its staff and management, purchase computer and security equipment, and obtain consulting services to devise a marketing strategy for its new microenterprise loan product.



CORE (1996) - $127,500

With a CDFI Fund grant of $ 100.000, Quitman will be able to expand its lending for home improvements and residential construction, and thus stimulate opportunity for small building contractors. The credit union"s increased net worth will be able to be leveraged many times over through increased share growth. It is also considering potential expansion of their service area into two adjacent counties which are located in an Enterprise Community.



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