240 Briarwood Dr
Jackson, MS 39206


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

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 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 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

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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.

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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.

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