2. Magnolia Federal Credit Union

Magnolia Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.75%Reward Checking
2.08% - National Average
0.50%Reward Savings
0.93% - National Average
2.53%5-year CD
3.10% - American Express National Bank 60 Month CDAdvertisement
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 8th largest credit union in the state of Mississippi. It is also the 1,344th largest credit union in the nation. It was established in 1935 and as of September of 2018, it had grown to 66 employees and 21,874 members at 6 locations. Magnolia Federal Credit Union's CD rates are 94% 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

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Reviews (1)

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.

1


Health
B+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #224
Year Chartered1935
Employees66
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD6.65%
Annual Interest Income$5.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$134.9MM$138.4MM
LoansQ3 2018vs Q3 2017$92.7MM$86.9MM
DepositsQ3 2018vs Q3 2017$113.2MM$116.6MM
Equity CapitalQ3 2018vs Q3 2017$18.9MM$19.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.4MM$2.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.9MM$1.7MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*-$500Maggie's Youth Savers Club
OTHER TIERS: 0.20% → $500+
0.50%--Kasasa Saver
0.50%$100-IRA Shares
0.20%$100-Share Savings
0.10%--Christmas Club
0.10%--Vacation Club

Magnolia Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$500k*-Money Market
OTHER TIERS: 0.30% → $2.5k - $7.5k | 0.40% → $7.5k - $20k | 0.50% → $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%$500-Choice Checking
0.10%--Everything E Checking

Magnolia Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-60 Month Share Certificate
2.50%--36 Month Share Certificate Special
2.27%$1k-48 Month Share Certificate
2.12%$1k-42 Month Share Certificate
2.07%$100-24 Month Kidicate Certificate
2.02%$1k-36 Month Share Certificate
1.75%--12 Month Share Certificate Special
1.66%$1k-30 Month Share Certificate
1.51%$1k-24 Month Share Certificate
1.36%$1k-18 Month Share Certificate
1.26%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate
0.25%$1k-3 Month Share Certificate

Magnolia Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-60 Month IRA Certificate
2.50%--36 Month IRA Certificate Special
2.27%$1k-48 Month IRA Certificate
2.12%$1k-42 Month IRA Certificate
2.02%$1k-36 Month IRA Certificate
1.75%--12 Month IRA Certificate Special
1.66%$1k-30 Month IRA Certificate
1.51%$1k-24 Month IRA Certificate
1.36%$1k-18 Month IRA Certificate
1.26%$1k-12 Month IRA Certificate
0.30%$1k-6 Month IRA Certificate
0.25%$1k-3 Month IRA 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

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