MAGNOLIA

240 Briarwood Dr
Jackson, MS 39206

Overview
Membership
Deposit Rates
Loan Rates
Branches
Financial Details
Reviews

2019 Overview

General Credit Union Information


NCUA Insured	Yes
Charter Number #	# 224
Date Established	1935
Assets	$131.12 million
Loans	$92.47 million
Deposits	$110.16 million
Capital	$20.05 million

Magnolia is an NCUA insured institution located in Jackson, MS. It was founded in 1935 and has approximately $131.12 millions in assets.

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.

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Checking Rates	APY	MIN	FEE
Kasasa Cash	2.75%	$0	$0.00	Learn MoreShow Less

There are currently no rates available for Magnolia, but see these great savings and CD rates:

2.25% APY Platinum Online Savings Account from Northfield Bank

Advertiser Disclosure

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MAGNOLIA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: 3030	5.375%	5.375%	0.00	$0	$1,400	Learn More

See More Mortgage Rates →

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loans	4.490 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in OH/FL; Prime minus .76% in all other states. Min loan amount $10,000. Max loan amount $150,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
PenFed Credit Union	5.500 %	$0	Learn More More Info
Variable APR of Prime + 0% (Floor 3.75%). APR based on LTV of 80% or lower, for loan amounts $10,000 - $400,000. Save when you borrow from PenFed! Equal housing lender. Available to members online seven days a week, 24 hours a day Federally insured by NCUA

See More Home Equity Rates →

Note to MAGNOLIA
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Magnolia branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia

Magnolia Locations

Financial Details

Magnolia Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Magnolia. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio

Magnolia	U.S. Average
8.20%	7.49

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2018, Magnolia had $1,747,247 in non-current loans and $102,598 in owned assets. To cover these potential losses it had $20,048,320 in net worth and $2,497,462 in loans loss reserves. That gives it a Texas Ratio of 8.20%.

Net Worth

Magnolia	U.S. Average
15.28%	13.61%

Magnolia FCU has a net worth of 15.28% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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