Magnolia Federal Credit Union
Magnolia Federal Credit Union is headquartered in Jackson and is the 8th largest credit union in the state of Mississippi. It is also the 1,335th largest credit union in the nation. It was established in 1935 and as of June of 2018, it had grown to 67 employees and 22,035 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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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.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 224 |
| Year Chartered | 1935 |
| Employees | 67 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 4.96% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $137.8MM$141.4MM |
| Loans | Q2 2018vs Q2 2017 | $89.1MM$85.0MM |
| Deposits | Q2 2018vs Q2 2017 | $116.8MM$119.5MM |
| Equity Capital | Q2 2018vs Q2 2017 | $18.4MM$19.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $2.5MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $1.7MM$1.5MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates for Magnolia Federal Credit Union are currently being reviewed.
| Magnolia Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 460 Briarwood Dr | Jackson, MS 39206 |
| Branch Office | 240 Briarwood Dr | Jackson, MS 39206 |
| Branch Office | 139 Plaza Drive Ext | Flowood, MS 39232 |
| Branch Office | 1500 E Woodrow Wilson Ave | Jackson, MS 39216 |
| Branch Office | 1770 Highway 51 | Madison, MS 39110 |
| Branch Office | 803 E Fifteenth St | Yazoo City, MS 39194-7607 |