Overview / Commentary
Magnolia Federal Credit Union is headquartered in Jackson and is the 8th largest credit union in the state of Mississippi. It is also the 1,414th largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 49 employees and 20,172 members at 4 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 the Mississippi counties of Copiah, Hinds, Leake, Madison, Rankin, Scott (northern portion), Simpson, or Yazoo. Immediate family of current members are also eligible to join.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 224 |
| Year Chartered | 1935 |
| Employees | 49 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.38% |
| Return on Equity - YTD | 6.26% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $167.6MM$158.9MM |
| Loans | Q1 2025vs Q1 2024 | $112.3MM$104.5MM |
| Deposits | Q1 2025vs Q1 2024 | $130.6MM$127.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $36.1MM$31.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $2.6MM$1.6MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $653K$772K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |