MAGNOLIA

240 Briarwood Dr
Jackson, MS 39206

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 224
Date Established 1935
Assets $137.81 million
Loans $89.07 million
Deposits $116.78 million
Capital $19.62 million

Magnolia is an NCUA insured institution located in Jackson, MS. It was founded in 1935 and has approximately $137.81 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 - January 22, 2019

Your Current Location: Washington, WA 98109

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 - January 22, 2019

Your Current Location: Washington, WA 98109

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 - Washington 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
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Washington 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
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A 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:
Seattle,Washington


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
8.34% 5.78

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 June 30, 2018, Magnolia had $1,683,814 in non-current loans and $164,885 in owned assets. To cover these potential losses it had $19,617,308 in net worth and $2,538,880 in loans loss reserves. That gives it a Texas Ratio of 8.34%.

Net Worth
Magnolia U.S. Average
14.23% 13.21%

Magnolia FCU has a net worth of 14.23% versus the BestCashCow average of 13.21. 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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*All images, logos and public notes on this page appear courtesy of MAGNOLIA and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.