Magnolia Federal Credit Union

Headquarters

240 Briarwood Dr
Jackson, MS 39206
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	N.A.	6.25% →
1-Year CD	N.A.	5.15% →
2-Year CD	N.A.	5.10% →
5-Year CD	N.A.	4.70% →
30-Year Mortgage	N.A.	0.00% →
15-Year Mortgage	N.A.	0.00% →
HELOC	N.A.	0.99% →

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2023 Overview

General Credit Union Information

Magnolia is an NCUA insured institution located in Jackson, MS. It was founded in 1935 and has approximately $169.21 millions in assets.


NCUA Insured	Yes / Federally Chartered
Charter Number #	# 224
Date Established	1935
Assets	$169.21 million
Loans	$91.61 million
Deposits	$141.23 million
Capital	$26.94 million

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 - March 24, 2023

Your Current Location: Virginia, VA 20146

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

Advertiser Disclosure

Loan Rates - March 24, 2023

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 2023

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: Not lender						Learn More

See More Mortgage Rates →

Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender	APR (%)^?	Monthly Payment^?	Learn More
Bethpage Federal Credit Union See Table	Intro APR 7.240 % After Intro: 8.250 % Intro Period: 12 months	$25,000	Learn More More Info
Home Equity rates and terms are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan-to-value restrictions apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. No closing costs on new HELOCs up to $500,000. The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, and (ii) have automatic transfers from any Bethpage personal savings or checking account for the monthly HELOC payment. Published rates and terms based on primary homes. Home Equities not offered in TX. $5.00 minimum share account required. Membership conditions apply. Rates as low as 5.74%. Prime Rate as of 9/23/2022=6.25% (Wall Street Journal). No application or closing costs Flexible credit - only pay for what you use
Third Federal Savings and Loan See Table	6.740 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 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

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

View Branches Nationwide →

Climate Initiatives

MAGNOLIA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
3.91%	4.63

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 September 30, 2022, Magnolia had $944,628 in non-current loans and $142,301 in owned assets. To cover these potential losses it had $26,944,808 in net worth and $874,076 in loans loss reserves. That gives it a Texas Ratio of 3.91%.

Net Worth

Magnolia	U.S. Average
15.92%	12.52%

Magnolia FCU has a net worth of 15.92% versus the BestCashCow average of 12.52. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for Magnolia

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