MAGNOLIA FEDERAL CREDIT UNION

Welcome to Magnolia, your trusted partner in financial growth and community support. Located at 240 Briarwood Dr, Jackson, MS 39206, our credit union has been serving members since 1935. With a commitment to helping you achieve your financial goals, we proudly support over 20,172 members and manage total assets of $167,566,203. At Magnolia, we believe in the power of community. Our experienced team is dedicated to providing personalized service that puts your needs first. Whether you're looking for an auto loan, a mortgage, or simply a safe place to deposit your money, we've got you covered with a range of services tailored just for you. Our leadership team is here to guide us on this journey. Under the direction of CEO Michael Waylett and Board President Mary Barrett, we strive for excellence in everything we do. We invite you to experience the difference of banking with a credit union that truly cares about its members. While you can visit us at our branch location for all your banking needs, please note that official correspondence should be directed to the same address: 240 Briarwood Dr, Jackson, MS 39206. With a strong net worth of $35,097,248 and cash readily available at $4,457,532, Magnolia stands firm in its ability to support our members' financial journeys. We also pride ourselves on our lending capacity with over 14,654 loans and leases issued. So why wait? Contact us today at 601-977-8300 or explore our website at magfedcu.org to learn more about how we can assist you in achieving your financial dreams. Join us and become part of the Magnolia family!

Joining the Magnolia family means stepping into a community that truly cares about you and your financial well-being. At Magnolia, we believe in making banking accessible for everyone, which is why our membership is open to individuals who live, work, worship, or attend school in Hinds County. If you meet these simple criteria, you're already on your way to enjoying all the benefits we offer! As a member of Magnolia, you'll have access to personalized financial services designed with your needs in mind, from checking and savings accounts to auto loans and mortgages. Becoming a member is easy! Just stop by our branch located at 240 Briarwood Dr Jackson Ms 39206, or give us a call at (601) 977-8300 for more details. You can also check out our eligibility requirements and find out how to get started by visiting https://magfedcu.org/become-a-member/ . We're excited to welcome you to our community and support you on your financial journey!

At Magnolia, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. With a strong commitment to sound financial practices, we ensure that you can trust us with your hard-earned money. With a net worth of $35,097,248, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $2,095 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $15,377,944 in share certificates and $10,190,468 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $35,097,248 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust, featuring $4,799 in used auto loans and $112,309,991 in total loans and leases to support your financial goals across various sectors. Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 49 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $0. Total Share and Deposit Accounts: 36,303, showcasing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Magnolia is your trusted partner. Visit us at 240 Briarwood Dr Jackson Ms 39206 or call (601) 977-8300 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.