Magnolia Federal Credit Union


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

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Magnolia is an NCUA insured institution located in Jackson, MS. It was founded in 1935 and has approximately $161.52 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 224
Date Established 1935
Assets $161.52 million
Loans $68.64 million
Deposits $138.10 million
Capital $22.47 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 - October 21, 2021

Your Current Location: Connecticut, CT 06828

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

Loan Rates - October 21, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.289% 3.250% 0.50 $1,242 $1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.



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

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
2.25% 3.79

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, 2021, Magnolia had $503,302 in non-current loans and $24,982 in owned assets. To cover these potential losses it had $22,473,330 in net worth and $1,029,998 in loans loss reserves. That gives it a Texas Ratio of 2.25%.

Net Worth
Magnolia U.S. Average
13.91% 12.22%

Magnolia FCU has a net worth of 13.91% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Magnolia

Branches and Savings

What is Magnolia?

A federal credit union, registered with the NCUA under certificate #224.
Learn more about credit unions here.

Is Magnolia FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Magnolia is insured by the NCUA.

Who can join Magnolia?

Please see Field of Membership information above for information on who is eligible to join.

What are Magnolia's share account and share certificate rates?

Magnolia's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Magnolia?

Magnolia has total capital of $22.47 million. Full information on Magnolia's financial position is located above.

Who owns Magnolia?

Credit Unions are owned by their members.

Where are Magnolia branches located?

See branch locations nearby.

Are Magnolia ATMs Open 24/7?

Do Magnolia ATMs accept cash deposits?

Can Magnolia customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Magnolia have a mobile app?

Does Magnolia have mobile deposit?

Does Magnolia have quick pay?

How can Magnolia transfer money to other banks or credit unions?

Does Magnolia report to credit bureaus?

Does Magnolia use Chexsystems?

Does Magnolia use Equifax?

What is Magnolia's toll free phone number?

What is Magnolia's ACH Routing Number?

What is Magnolia's SWIFT code?

Where can I find Magnolia's wire transfer form?

What is the Magnolia address for deposits?

What Products Does Magnolia Offer

Does Magnolia offer mortgages?

Compare mortgage rates here.

Does Magnolia offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Magnolia offer auto and RV loans?

Compare auto loan rates here.

Does Magnolia offer student loans or personal loans?

Compare personal loan rates here.

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