Magnolia Federal Credit Union is headquartered in Jackson and is the 9th largest credit union in the state of Mississippi. It is also the 1,395th largest credit union in the nation. It was established in 1935 and as of December of 2021, it had grown to 49 employees and 19,400 members at 3 locations. Magnolia Federal Credit Union's money market rates are 36% higher than the national average, and it boasts an A+ health rating.
Membership in Magnolia Federal Credit Union is open to those who live, work, worship, or attend school in the Mississippi counties of Copiah, Hinds, Leake, Madison, Rankin, Scott (northern portion), Simpson, or Yazoo. Immediate family of current members are also eligible to join.
See current membership details
Magnolia Federal Credit Union offers great services and provides their depositors the option to earn high interest rates on Kasasa checking accounts.
Overall | |
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NCUA # | 224 |
Year Chartered | 1935 |
Employees | 49 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.99% |
Return on Equity - YTD | 7.16% |
Annual Interest Income | $5.2MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $166.0MM$150.0MM |
Loans | Q4 2021vs Q4 2020 | $79.3MM$67.6MM |
Deposits | Q4 2021vs Q4 2020 | $139.8MM$127.3MM |
Equity Capital | Q4 2021vs Q4 2020 | $22.6MM$21.2MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $818.00K$1.3MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $303.00K$530.00K |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Everything E Checking |
Magnolia Federal Credit Union Locations | ||
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Branch Office | 240 Briarwood Dr | Jackson, MS 39206 |
Branch Office | 2847 Lakeland Dr | Flowood, MS 39232-8858 |
Branch Office | 1770 Highway 51 | Madison, MS 39110 |