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Magnolia Federal Credit Union

Eligibility Requirements | Locations (6) | Receive alerts for this credit union

Based on 1 review

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CURRENT TOP RATE

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.50%	Reward Checking	Kasasa Cash 1.93% - National Average
0.50%	Reward Savings	Kasasa Saver 0.86% - National Average
1.25%	5-year CD	60 Month Share Certificate 2.50% - Ally Bank High Yield 5 Year CD

View all Magnolia Federal Credit Union rates »

Overview / Commentary

www.magfedcu.org

601-977-8300

240 Briarwood Dr
Jackson, MS 39206

Magnolia Federal Credit Union is headquartered in Jackson and is the 8^th largest credit union in the state of Mississippi. It is also the 1,327^th largest credit union in the nation. It was established in 1935 and as of December of 2017, it had grown to 68 employees and 22,255 members at 6 locations. Magnolia Federal Credit Union's CD rates are 39% 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.
See current membership details

Related Posts

View all posts from:

2016

4/19 - Magnolia FCU (MS) Has Philanthropic Kasasa Giving Checking

Reviews (1)

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Featured Account Options

SPONSORED LISTINGS

High Yield 12-Month CD

Ally Bank, Member FDIC.
Consistently Competitive Rates.
24/7 Customer Care.

American Express Personal Savings

American Express National Bank
Member FDIC.

Fantastic Interest Rate With Kasasa Account

Posted by: Patricia VanDan Weaver | Mar 2, 2017

Magnolia Federal Credit Union offers great services and provides their depositors the option to earn high interest rates on Kasasa checking accounts.

Comment

1

Health

B+

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	224
Year Chartered	1935
Employees	68
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.76%
Return on Equity - YTD	-5.86%
Annual Interest Income	$7.3MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$135.7MM$139.5MM
Loans	Q4 2017vs Q4 2016	$87.6MM$82.4MM
Deposits	Q4 2017vs Q4 2016	$115.4MM$118.2MM
Equity Capital	Q4 2017vs Q4 2016	$17.8MM$19.2MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$3.1MM$1.7MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$1.9MM$1.3MM
Real Estate Owned	Q4 2017vs Q4 2016	$0$5.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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: 0.20% → $500+
0.50%	-	-	Kasasa Saver
0.50%	$100	-	IRA Shares
0.25%	$100	-	Share Savings
0.25%	-	-	Christmas Club
0.25%	-	-	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: 0.10% → $10k+
3.50%^*	-	$10k	Kasasa Saver Checking
OTHER TIERS: 0.10% → $10k+
2.50%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.25% → $10k+
0.10%	$500	-	Choice Checking
0.10%	-	-	Everything E Checking

Magnolia Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.25%	$1k	-	60 Month Share Certificate Special
1.60%	$1k	-	36 Month Share Certificate Special
1.35%	$100k	-	60 Month Jumbo Share Certificate
1.25%	$1k	-	60 Month Share Certificate
1.25%	$1k	-	12 Month Share Certificate Special
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
2.25%	$1k	-	60 Month IRA Certificate Special
1.60%	$1k	-	36 Month IRA Certificate Special
1.35%	$100k	-	60 Month Jumbo IRA Certificate
1.25%	$1k	-	60 Month IRA Certificate
1.25%	$1k	-	12 Month IRA Certificate Special
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

Locations

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

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