MAGNOLIA

240 Briarwood Dr
Jackson, MS 39206

 

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:

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
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

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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