Magnolia Credit Union Jackson MS | Affordable Auto Loans & Business Banking

Introduction

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!

Branch History & Mission

Commitment to Innovation

As part of our commitment to serving you better, Magnolia has embraced modern technology without losing sight of the personal touch that defines us. Our digital services include online banking and mobile payments, making it easier for members to manage their finances anytime and anywhere. Additionally, we are proud to offer ADA-compliant services so that all individuals can access our facilities comfortably. While you can visit us at our branch on Briarwood Drive for all your banking needs whether it's utilizing our drive-thru service or accessing shared service center offerings official correspondence should be directed to our mailing address at 240 Briarwood Dr., Jackson, MS 39206 if different from the branch address.

Join Us

We invite you to experience the Magnolia difference for yourself. Our operating hours are designed for your convenience: Monday through Tuesday and Thursday from 8 AM to 4:30 PM; Wednesday from 10 AM to 4:30 PM; and Friday from 8 AM to 5:30 PM. You can reach us at (601) 977-8300 for any inquiries or assistance. Join us today by visiting our website or checking out how you can become a member through this link. Together, let's build a brighter financial future!

Our Mission

Our mission at Magnolia is clear: we aim to empower our members financially while fostering a sense of community. We believe that everyone deserves access to quality banking services, which is why we offer a variety of options from personal banking to auto loans and mortgage refinancing. Our focus is not just on transactions but also on building lasting relationships with those we serve. We understand that financial wellness goes beyond numbers; it involves education and outreach. That's why we engage in various community programs and partnerships designed to uplift and support residents in Jackson and surrounding areas. Whether it's through workshops or local events, we strive to make a positive impact in every way possible.

Branch Location & Accessibility

A Welcoming Environment

At Magnolia, we believe that banking should be both accessible and enjoyable. Our branch features ample parking and is fully ADA compliant, ensuring that everyone can easily reach us. If you prefer to conduct your banking from the comfort of your car, take advantage of our drive-thru service, which makes transactions quick and convenient.

Join Us Today!

If you're looking for a credit union that prioritizes accessibility and member satisfaction, look no further than Magnolia Credit Union. We invite you to visit us at our branch or give us a call at 601-977-8300 if you have any questions. Our team is eager to assist you in achieving your financial goals!

Operating Hours for Your Convenience

We understand that life can get busy, so we offer flexible operating hours to accommodate your schedule. Our lobby is open Monday, Tuesday, and Thursday from 8:00 AM to 4:30 PM, Wednesday from 10:00 AM to 4:30 PM, and Friday from 8:00 AM to 5:30 PM. Whether you're stopping by for a quick deposit or need assistance with a loan application, our friendly staff is here to help.

Services Tailored Just for You

Magnolia Credit Union provides a wide range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have something for everyone. We also offer online and mobile banking services for those who prefer managing their finances on-the-go. If you need to withdraw cash or check your balance outside of regular hours, don't worry! Our ATM is available for your convenience anytime.

Member Eligibility

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!

Business Banking & Commercial Services

Practical Merchant Services

Imagine having the tools you need to run your business efficiently. Our merchant services offer everything from payment processing to point-of-sale systems, making transactions smooth for both you and your customers. This means less hassle at checkout and more time focusing on what really matters growing your business. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses right here in our community. For more information on how we can assist your business, stop by our branch at 240 Briarwood Dr Jackson Ms 39206 or give us a call at (601) 977-8300. Let's work together to build your success!

Supporting Business Growth with Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. Additionally, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that empower entrepreneurs to chase their dreams.

Comprehensive List Of Services

Auto Loans & Financing

Thinking about purchasing a new vehicle? Our Auto Loans & Vehicle Financing options make it easier than ever to hit the road in style. We provide competitive rates and flexible terms, ensuring that you find a loan that fits your budget. Picture yourself cruising down the highway, knowing you've secured a great deal with us.

Business Banking Services

Running a business comes with its challenges, and that's where our Business Banking services come into play. From merchant services that help process payments efficiently to business loans designed for growth, we aim to support entrepreneurs at every stage.

Convenience at Your Fingertips

At Magnolia, we believe in making banking as convenient as possible. With access to ATMs for cash withdrawals and basic drive-thru banking for quick transactions, you can manage your money on the go. Plus, if you're a member of partner credit unions, our Basic Shared Branch Transactions allow you easy access to deposits and withdrawals right here at Main. If you're ready to take advantage of all these services and more, give us a call at (601) 977-8300 or visit us online at https://magfedcu.org/. Join our community today and experience the difference at Magnolia!

Credit Cards with Rewards

Our Credit Cards with Rewards program allows you to earn points on everyday purchases, making it easier for you to enjoy rewards like cash back or travel perks. It's just one more way we strive to give back to our members.

Mortgage Loans & Refinancing

For those looking to invest in real estate, our Mortgage Loans & Refinancing services offer an opportunity to secure your future home or lower your existing mortgage payments. Whether you're a first-time buyer or looking to refinance for better rates, we are here to guide you through every step of the process.

Personal Banking Solutions

We understand that managing your finances can be overwhelming, which is why we offer Personal Banking options such as checking and savings accounts. These accounts are designed to help you save while giving you easy access to your funds. Imagine easily transferring money between your accounts or effortlessly keeping track of your spending all made possible through our robust Online & Mobile Banking features. You can check balances, pay bills, and even send money to friends and family with just a few taps on your phone.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, but with our Personal Loans & Debt Consolidation, you don't have to face them alone. Need to cover emergency costs or consolidate high-interest debts? We can help simplify your finances and relieve some stress.

Digital & Online Banking

Convenient Online Banking

Our online banking platform, available at https://magfedcu.org/, gives you access to your accounts 24/7. You can check balances, pay bills, and transfer money with just a few clicks. Plus, with our electronic signature authorization feature, signing documents has never been simpler. No need to visit the branch just sign electronically from the comfort of your home.

Mobile Banking at Your Fingertips

With our mobile application, banking on the go is a breeze. Need to make a quick payment or check your account while out and about? Our app lets you handle all your banking needs directly from your smartphone. It also supports mobile payments, so you can easily pay friends or family using just their phone number through our person-to-person transfer service.

Secure E-Statements

Say goodbye to paper clutter with our e-statements! Available for all members, these electronic statements are not only eco-friendly but also provide instant access to your financial information whenever you need it. Keep track of your transactions easily and securely. At Magnolia, we strive to create a user-friendly experience that fits seamlessly into your life. Enjoy real-time account management and take control of your finances today with our comprehensive digital banking services!

Financial Strength

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 20.95% 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 $680,679, 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $63,084,047 in used vehicle loans and $18,765,390 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, our team is here to guide you through the process.

Credit Lines

For those looking for additional flexibility in their borrowing needs, we provide credit lines totaling $25,000,000. This allows you to access funds as needed while only paying interest on what you use.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $6,333,510. This could be your first step toward owning your dream home.

Refinancing Options

If you're already a member and looking to refinance any existing loans or explore eligibility options for new ones, we encourage you to reach out. Our team is ready to assist you in finding the best solution tailored to your financial situation. For more information about our loan offerings or to start your application process today, feel free to contact us at 601-977-8300. Our dedicated staff is available during regular business hours: Monday through Tuesday and Thursday from 8:00 AM to 4:30 PM; Wednesday from 10:00 AM to 4:30 PM; and Friday from 8:00 AM to 5:30 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step towards achieving your financial dreams!

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $3,916,372 in loans helping members manage their finances effectively. Whether it's for unexpected expenses or planned purchases, our credit card options provide convenience and support.

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MAGNOLIA FEDERAL CREDIT UNION - Jackson, MS

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