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Magnolia Federal Credit Union

Popular Accounts at this Credit Union

2.50%Reward CheckingKasasa Cash
0.50%Reward SavingsKasasa Saver
1.25%5-year CD60 Month Share Certificate

Overview / Commentary
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 1,328th largest credit union in the nation. It was established in 1935 and as of March of 2018, it had grown to 67 employees and 22,172 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.
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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 Grade Components

NCUA #224
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD2.49%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$139.0MM$144.2MM
LoansQ1 2018vs Q1 2017$86.7MM$80.2MM
DepositsQ1 2018vs Q1 2017$118.3MM$122.4MM
Equity CapitalQ1 2018vs Q1 2017$18.1MM$18.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.9MM$1.7MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.5MM$1.5MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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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

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

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

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

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

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

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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