Overview / Commentary
601-977-8300
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 1,335th 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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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
B+

Health Grade Components

Overall
NCUA #224
Year Chartered1935
Employees67
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD4.96%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$137.8MM$141.4MM
LoansQ2 2018vs Q2 2017$89.1MM$85.0MM
DepositsQ2 2018vs Q2 2017$116.8MM$119.5MM
Equity CapitalQ2 2018vs Q2 2017$18.4MM$19.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.5MM$1.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.7MM$1.5MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates

Rates for Magnolia Federal Credit Union are currently being reviewed.

Locations


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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