Featured Savings Rates
Featured Accounts

Magnolia Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%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 1,327th 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

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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
Employees68
Primary Regulator
Profit Margin
Return on Assets - YTD-0.76%
Return on Equity - YTD-5.86%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$135.7MM$139.5MM
LoansQ4 2017vs Q4 2016$87.6MM$82.4MM
DepositsQ4 2017vs Q4 2016$115.4MM$118.2MM
Equity CapitalQ4 2017vs Q4 2016$17.8MM$19.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$3.1MM$1.7MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.9MM$1.3MM
Real Estate OwnedQ4 2017vs Q4 2016$0$5.00K
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%*-$500Sprout 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

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: 0.10% $10k+
3.50%*-$10kKasasa Saver Checking
OTHER TIERS: 0.10% $10k+
2.50%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+
0.10%$500-Choice Checking
0.10%--Everything E Checking

Magnolia Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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 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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