Featured Savings Rates
Featured Accounts

Magnolia Federal Credit Union

Popular Accounts at this Credit Union

2.75%Reward CheckingKasasa Cash
0.50%Reward SavingsKasasa Saver
1.25%5-year CD60 Month Share Certificate

Overview / Commentary
240 Briarwood Dr
Jackson, MS 39206

Magnolia Federal Credit Union is headquartered in Jackson and is the 8th largest credit union in the state of Mississippi. It is also the 1,279th largest credit union in the nation. It was established in 1935 and as of December of 2016, it had grown to 66 employees and 23,158 members at 6 locations. Magnolia Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Magnolia Federal Credit Union is open to those who live, work, worship, or attend school in Mississippi's Hinds, Madison, Rankin, Simpson, Copiah, Leake, Yazoo, or Northern Scott Counties and immediate family of current members.
See current membership details

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Reviews (1)

Fantastic Interest Rate With Kasasa Account

Magnolia Federal Credit Union offers great services and provides their depositors the option to earn high interest rates on Kasasa checking accounts.


Health Grade Components

NCUA #224
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD5.38%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$139.5MM$140.6MM
LoansQ4 2016vs Q4 2015$82.4MM$76.1MM
DepositsQ4 2016vs Q4 2015$118.2MM$120.2MM
Equity CapitalQ4 2016vs Q4 2015$19.2MM$18.4MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.7MM$1.9MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.3MM$1.1MM
Real Estate OwnedQ4 2016vs Q4 2015$5.00K$95.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Magnolia Federal Credit Union Savings Account Rates

3.50%*-$500Sprout Savings
OTHER TIERS: 0.10% $500+
0.50%--Kasasa Saver
0.50%--IRA Shares
0.50%--CESA Shares
0.10%$100-Share Savings
0.10%--Christmas Club
0.10%--Vacation Club

Magnolia Federal Credit Union Money Market Rates

0.40%*$500k*-Money Market
OTHER TIERS: 0.10% $2,500 - $7,500 | 0.20% $7,500 - $20k | 0.30% $20k - $500k

Magnolia Federal Credit Union Checking Account Rates

3.50%*-$10kKasasa Giving
OTHER TIERS: 0.01% $10k+
2.75%*-$10kKasasa Cash
OTHER TIERS: 0.01% $10k+
0.10%$100-Share Draft Checking
0.10%$500-Choice Checking

Magnolia Federal Credit Union CD Rates

1.35%$100k-60 Month Jumbo Share Certificate
1.25%$1k-60 Month Share Certificate
1.15%$100k-48 Month Jumbo Share Certificate
1.05%$1k-48 Month Share Certificate
1.05%$100k-42 Month Jumbo Share Certificate
0.95%$1k-42 Month Share Certificate
0.85%$100k-36 Month Jumbo Share Certificate
0.75%$1k-36 Month Share Certificate
0.75%$100k-30 Month Jumbo Share Certificate
0.65%$1k-30 Month Share Certificate
0.65%$100k-24 Month Jumbo Share Certificate
0.55%$1k-24 Month Share Certificate
0.45%$100k-18 Month Jumbo Share Certificate
0.40%$100k-12 Month Jumbo Share Certificate
0.35%$1k-18 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.25%$100k-6 Month Jumbo Share Certificate
0.20%$100k-3 Month Jumbo Share Certificate
0.15%$1k-6 Month Share Certificate
0.10%$1k-3 Month Share Certificate

Magnolia Federal Credit Union IRA Rates

1.35%$100k-60 Month Jumbo IRA Certificate
1.25%$1k-60 Month IRA Certificate
1.15%$100k-48 Month Jumbo IRA Certificate
1.05%$1k-48 Month IRA Certificate
1.05%$100k-42 Month Jumbo IRA Certificate
0.95%$1k-42 Month IRA Certificate
0.85%$100k-36 Month Jumbo IRA Certificate
0.75%$1k-36 Month IRA Certificate
0.75%$100k-30 Month Jumbo IRA Certificate
0.65%$1k-30 Month IRA Certificate
0.65%$100k-24 Month Jumbo IRA Certificate
0.55%$1k-24 Month IRA Certificate
0.45%$100k-18 Month Jumbo IRA Certificate
0.40%$100k-12 Month Jumbo IRA Certificate
0.35%$1k-18 Month IRA Certificate
0.30%$1k-12 Month IRA Certificate
0.25%$100k-6 Month Jumbo IRA Certificate
0.20%$100k-3 Month Jumbo IRA Certificate
0.15%$1k-6 Month IRA Certificate
0.10%$1k-3 Month IRA Certificate

Magnolia Federal Credit Union Locations
Branch Office460 Briarwood DrJackson, MS 39206
Branch Office240 Briarwood DrJackson, MS 39206
Branch Office139 Plaza Drive ExtFlowood, MS 39232
Branch Office1500 E Woodrow Wilson AveJackson, MS 39216
Branch Office1770 Highway 51Madison, MS 39110
Branch Office803 E Fifteenth StYazoo City, MS 39194-7607