Featured Savings Rates
Featured Accounts

Magnolia Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.75%Reward CheckingKasasa Cash
0.50%Reward SavingsKasasa Saver
1.25%5-year CD60 Month Share Certificate

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 1,284th largest credit union in the nation. It was established in 1935 and as of June of 2017, it had grown to 70 employees and 22,390 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

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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

Health Grade Components

Overall
NCUA #224
Year Chartered1935
Employees70
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD1.86%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$141.4MM$138.9MM
LoansQ2 2017vs Q2 2016$85.0MM$74.8MM
DepositsQ2 2017vs Q2 2016$119.5MM$118.4MM
Equity CapitalQ2 2017vs Q2 2016$19.1MM$19.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$1.8MM$2.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.5MM$840.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$66.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*-$500Sprout Savings
OTHER TIERS: 0.10% $500+
0.50%--Kasasa Saver
0.50%--IRA Shares
0.10%$100-Share Savings
0.10%--Christmas Club
0.10%--Vacation Club

Magnolia Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*-$10kKasasa Giving
OTHER TIERS: 0.01% $10k+
2.75%*-$10kKasasa Cash
OTHER TIERS: 0.01% $10k+
0.10%$100-Share Draft Checking
0.10%$500-Choice Checking
0.10%$100-Everything E Checking

Magnolia Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
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