Magnolia Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.75% | Reward Checking | Kasasa Cash 1.84% - National Average |
| 0.50% | Reward Savings | Kasasa Saver 0.80% - National Average |
| 1.25% | 5-year CD | 60 Month Share Certificate 2.35% - Synchrony Bank 60 Month CD |
Magnolia Federal Credit Union is headquartered in Jackson and is the 8th largest credit union in the state of Mississippi. It is also the 1,277th largest credit union in the nation. It was established in 1935 and as of March of 2017, it had grown to 69 employees and 22,080 members at 6 locations. Magnolia Federal Credit Union has an A 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
Related Posts
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 Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 224 |
| Year Chartered | 1935 |
| Employees | 69 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.08% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $144.2MM$141.3MM |
| Loans | Q1 2017vs Q1 2016 | $80.2MM$74.9MM |
| Deposits | Q1 2017vs Q1 2016 | $122.4MM$121.7MM |
| Equity Capital | Q1 2017vs Q1 2016 | $18.9MM$19.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.7MM$1.8MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.5MM$779.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$38.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.50%* | - | $500 | Sprout 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.50%* | - | $10k | Kasasa Giving | ||
| OTHER TIERS: 0.01% → $10k+ | |||||
| 2.75%* | - | $10k | Kasasa Cash | ||
| OTHER TIERS: 0.01% → $10k+ | |||||
| 0.10% | $100 | - | Share Draft Checking | ||
| 0.10% | $500 | - | Choice Checking | ||
Magnolia Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 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 |