Magnolia

240 Briarwood Dr
Jackson, MS 39206

Overview
Membership
Savings Rates
Loan Rates
Branches
Financial Details
Articles
Reviews

Overview

General Credit Union Information


NCUA Insured	Yes
Charter Number #	# 224
Date Established	1935
Assets	$138.94 million
Loans	$74.84 million
Deposits	$118.41 million
Capital	$18.80 million

Magnolia is an NCUA insured institution located in Jackson, MS. It was founded in 1935 and has approximately $138.94 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.

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates	APY	MIN	MAX
3 Mo CD 10K	0.10%	$1,000	$99,999	Learn MoreShow Less
6 Mo CD 10K	0.15%	$1,000	$99,999	Learn MoreShow Less
12 Mo CD 10K	0.30%	$1,000	$99,999	Learn MoreShow Less
18 Mo CD 10K	0.35%	$1,000	$99,999	Learn MoreShow Less
24 Mo CD 10K	0.55%	$1,000	$99,999	Learn MoreShow Less
30 Mo CD 10K	0.65%	$1,000	$99,999	Learn MoreShow Less
36 Mo CD 10K	0.75%	$1,000	$99,999	Learn MoreShow Less
48 Mo CD 10K	1.05%	$1,000	$99,999	Learn MoreShow Less
60 Mo CD 10K	1.25%	$1,000	$99,999	Learn MoreShow Less

Savings Rates	APY	MIN	MAX
Savings 2.5K	0.10%	$100	-	Learn MoreShow Less

Fixed IRA Rates	APY	MIN	MAX
Fixed IRA 0K	0.30%	$1,000	$99,999	Learn MoreShow Less

Variable IRA Rates	APY	MIN	MAX
Var IRA 0K	0.50%	$1	-	Learn MoreShow Less

MM Rates	APY	MIN	MAX
MM 2.5K	0.10%	$2,500	$7,499	Learn MoreShow Less
MM 10K	0.20%	$7,500	$19,999	Learn MoreShow Less
MM 25K	0.30%	$20,000	$499,999	Learn MoreShow Less

Int Checking Rates	APY	MIN	MAX
Int Ckg 0K	0.10%	$500	-	Learn MoreShow Less

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

Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

There are currently no rates available for MAGNOLIA

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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
5.31%	7.80%

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. As of December 31, 2016, Magnolia had $839,933 in non-current loans and $265,717 in owned assets. To cover these potential losses it had $18,798,183 in net worth and $2,030,390 in loans loss reserves. That gives it a Texas Ratio of 5.31%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a credit union has to absorb its loan losses.

Net Worth

Magnolia	U.S. Average
14.11%	13.06%

Magnolia FCU has a net worth of 14.11% versus the BestCashCow average of 13.06%. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.