Magnolia Federal Credit Union

Overview / Commentary
240 Briarwood Dr
Jackson, MS 39206

Magnolia Federal Credit Union is headquartered in Jackson and is the 10th largest credit union in the state of Mississippi. It is also the 1,413th largest credit union in the nation. It was established in 1935 and as of September of 2019, it had grown to 59 employees and 20,726 members at 6 locations. Magnolia Federal Credit Union's CD rates are 40% higher than the national average, and it 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.
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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 - YTD1.09%
Return on Equity - YTD6.99%
Annual Interest Income$5.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$127.2MM$134.9MM
LoansQ3 2019vs Q3 2018$81.8MM$92.7MM
DepositsQ3 2019vs Q3 2018$105.3MM$113.2MM
Equity CapitalQ3 2019vs Q3 2018$20.0MM$18.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$2.1MM$2.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.0MM$1.9MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Magnolia Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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%*-$500Maggie's Youth Savers Club
OTHER TIERS: 0.20% $500+
0.50%--Kasasa Saver
0.50%$100-IRA Shares
0.20%$100-Share Savings
0.10%--Christmas Club
0.10%--Vacation Club

Magnolia Federal Credit Union Money Market Rates

0.60%*$500k*-Money Market
OTHER TIERS: 0.30% $2.5k - $7.5k | 0.40% $7.5k - $20k | 0.50% $20k - $500k

Magnolia Federal Credit Union Checking Account Rates

3.50%-$10kKasasa Giving
2.75%-$10kKasasa Cash
0.10%$500-Choice Checking
0.10%--Everything E Checking

Magnolia Federal Credit Union CD Rates

2.53%$1k-60 Month Share Certificate
2.27%$1k-48 Month Share Certificate
2.12%$1k-42 Month Share Certificate
2.02%$1k-36 Month Share Certificate
1.66%$1k-30 Month Share Certificate
1.51%$1k-24 Month Share Certificate
1.36%$1k-18 Month Share Certificate
1.26%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate
0.25%$1k-3 Month Share Certificate

Magnolia Federal Credit Union IRA Rates

2.53%$1k-60 Month IRA Certificate
2.27%$1k-48 Month IRA Certificate
2.12%$1k-42 Month IRA Certificate
2.02%$1k-36 Month IRA Certificate
1.66%$1k-30 Month IRA Certificate
1.51%$1k-24 Month IRA Certificate
1.36%$1k-18 Month IRA Certificate
1.26%$1k-12 Month IRA Certificate
0.30%$1k-6 Month IRA Certificate
0.25%$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

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