Magnolia Credit Union Madison MS | Best Auto Loans & ATM Access

Introduction

Welcome to Magnolia, your trusted financial partner located at 1770 Highway 51, Madison, MS 39110. Since our establishment in 1935, we have dedicated ourselves to serving our community and helping our members achieve their financial goals. With a growing membership of 19,653, we are proud to offer a wide array of services tailored to meet the needs of individuals and businesses alike. At Magnolia, we believe in the power of community. Our total assets have reached an impressive $156,242,085, demonstrating our strong foundation and commitment to providing you with exceptional banking solutions. We understand that your financial journey is unique, which is why we offer various loan options totaling 14,832, alongside total deposits of $20,582,908. This reflects our dedication to ensuring your hard-earned money works for you. Whether you're looking for personal banking services like checking and savings accounts or need assistance with auto loans, mortgages, or credit cards with rewards, we've got you covered. As a member-focused credit union, we prioritize your needs and strive to create a welcoming environment where everyone feels valued. Our leadership team is here to support you every step of the way. Under the guidance of CEO Michael Waylett and Board President Mary Barrett, Magnolia continues to grow and adapt to the evolving needs of our members. With a committed staff of 48 employees, we ensure that you receive personalized service whenever you reach out to us. While members can visit us at 1770 Highway 51, official correspondence should be sent to 240 Briarwood Dr, Jackson, MS 39206. If you have any questions or would like to learn more about how we can assist you on your financial journey, don't hesitate to call us at 601-977-8300. Join us today at Magnolia and experience banking that truly cares about you! Visit our website at magfedcu.org for more information on membership eligibility and account opening options. Your financial future starts here!

Branch History & Mission

Community Commitment

At Magnolia, we're not just about banking; we're about building relationships. Our partnerships with local organizations enhance our outreach efforts, enabling us to contribute positively to the lives of those in our community. Whether it's through financial literacy programs or supporting local events, we strive to be an active participant in making Madison a better place for everyone. While members can visit us at 1770 Highway 51, official correspondence should be sent to 240 Briarwood Dr, Jackson, MS 39206. We also offer convenient features like ATM availability and drive-thru banking services for ease of access.

Join Us

As we look ahead, Magnolia remains dedicated to innovation and service excellence. Our operating hours are designed for your convenience: Monday through Thursday from 8:00 AM to 6:00 PM and Friday from 10:00 AM to 6:00 PM. We invite you to experience the benefits of membership firsthand. Join us today and discover how Magnolia can support your financial journey! For more information about becoming a member or exploring our services further, please visit our website at magfedcu.org or call us at 601-977-8300. Let's build a brighter future together!

Our Journey

From the start, Magnolia was founded on the principle of community empowerment through financial services. Over the years, we have grown significantly and now boast total assets of approximately $156 million. This growth reflects our commitment to providing exceptional service and reliable products tailored to meet the needs of our members. As we moved forward, we embraced new technologies and practices that allowed us to serve our community better while maintaining a personal touch. Magnolia's mission is clear: we aim to provide our members with quality financial services while fostering a sense of belonging and support within the community. We believe that everyone deserves access to sound financial guidance and resources that help them achieve their goals.

Branch Location & Accessibility

Accessibility Features

We strive to make banking as easy as possible for everyone. Our branch is fully ADA compliant, featuring ramps for accessibility. There's ample parking available, so you won't have to worry about finding a spot when you come in.

Nearby Landmarks

Our branch is easy to find, situated near popular landmarks such as the Madison Square Center and just a short drive from the scenic Lake Caroline. This prime location not only makes it simple for our members to visit but also ensures that you can easily access other local amenities while you're here.

Operating Hours & Services

Our doors are open Monday through Thursday from 8 AM to 6 PM and Friday from 10 AM to 6 PM, giving you plenty of time during the week to take care of your banking needs. Whether you're looking for personal banking services like checking and savings accounts or need assistance with auto loans and mortgages, our team is here to help. For those who prefer convenience on-the-go, we offer ATM services on-site and a drive-thru for quick transactions without leaving your car. Additionally, we provide shared services, allowing members of partner credit unions to conduct basic transactions with ease. If you have any questions or want more information about our services, don't hesitate to call us at 601-977-8300. We look forward to welcoming you to the Magnolia Service Center soon!

Member Eligibility

At Magnolia, we believe that everyone deserves a chance to be part of a caring community. Becoming a member is simple and welcoming, and it opens the door to a world of financial benefits. To join us at our location in 1770 Highway 51 Madison Ms 39110, you just need to meet a few friendly criteria. If you live, work, worship, or attend school in our community, you're likely eligible! We also welcome family members of existing members, making it easier for you to share the advantages of membership with your loved ones. For more detailed information on eligibility, feel free to check out our resource at https://magfedcu.org/become-a-member/. Getting started is a breeze! You can open an account easily through our online platform; just visit https://accounts.magfedcu.org/enroll to begin your journey with us today. If you have any questions or need assistance along the way, don't hesitate to give us a call at (601) 977-8300. We're excited to welcome you into our Magnolia family!

Business Banking & Commercial Services

Business Loan Options

Imagine a local café dreaming of expanding its space to accommodate more customers. With our business loans, that dream can become a reality. We provide tailored lending options to help businesses like yours take the next step. 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. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer merchant services that simplify payment processing for your business. Picture a busy retail store where customers can easily make purchases using various payment methods from credit cards to mobile payments. Our services not only streamline transactions but also enhance customer satisfaction, allowing you to focus on what you do best: running your business. With Magnolia, you gain a trusted ally in navigating the complexities of business finance. Let's work together to turn your vision into reality! For more information, visit us at 1770 Highway 51 Madison Ms 39110 or call us at (601) 977-8300.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Accessing cash is straightforward with our ATM & Cash Withdrawal Services, available at locations around town and right here at Madison Service Center. You can withdraw cash or check balances easily, ensuring you're never far from your funds.

Auto Loans & Vehicle Financing

Thinking about getting a new car? Our Auto Loans & Vehicle Financing options can help turn that dream into reality. We offer competitive rates and flexible terms, making it simple for you to drive away in the vehicle of your choice.

Business Banking

For entrepreneurs and business owners, we offer Business Banking solutions including merchant services and business loans. We understand how crucial it is for businesses to have reliable banking support, so we're here to help your business thrive.

Credit Cards with Rewards

Our Credit Cards with Rewards program allows you to earn points on purchases that can be redeemed for various perks. This means that not only do you get the convenience of credit, but you also benefit from rewards on everyday spending.

Drive-Thru & Shared Branch Transactions

We also feature a convenient Drive-Thru Banking service for quick deposits and withdrawals without leaving your vehicle. Additionally, through our partnership with other credit unions, members can perform basic shared branch transactions like deposits and withdrawals seamlessly. In today's fast-paced world, having accessible financial solutions is essential. At Magnolia, we're dedicated to making banking easy and accessible for everyone in Madison. For more information about our services or to get started with an account today, give us a call at (601) 977-8300 or visit us online at https://magfedcu.org/. Join us in taking charge of your financial future!

Home Financing

Owning a home is a significant milestone, and our Mortgage Loans & Refinancing services are here to guide you through the process. Whether you're buying your first home or refinancing an existing mortgage, our experienced team will assist you every step of the way.

Personal Banking

For everyday banking needs, our Personal Banking services include checking and savings accounts that help you manage your funds effectively. Imagine having the flexibility to access your money whenever you need it through our user-friendly Online & Mobile Banking platforms. With features like mobile payments and e-statements, keeping track of your finances has never been easier.

Personal Loans & Debt Consolidation

If you're facing unexpected expenses or want to consolidate debt, our Personal Loans & Debt Consolidation services can provide the support you need. These loans can help ease financial stress by allowing you to manage multiple debts under one manageable payment.

Digital & Online Banking

At Magnolia, we understand that convenience and security are essential when managing your finances. That's why we've designed our digital and online banking services to fit your busy lifestyle while ensuring your information remains safe. With our online banking platform, accessible at https://magfedcu.org/, you can manage your accounts anytime, anywhere. Whether you need to check your balance, transfer funds, or pay bills, our 24/7 online banking services put you in control. Plus, with features like person-to-person transfers, sending money to friends or family is a breeze. For those who prefer using their smartphones, our mobile application is available for easy access on the go. You can also make mobile payments, making it simple to shop without needing cash or cards. And if you want to reduce paper clutter, opt for e-statements they're available for your convenience and help you stay organized. Security is a top priority at Magnolia. We offer electronic signature authorization so you can complete transactions securely without the hassle of printing or faxing documents. This feature adds an extra layer of convenience while keeping your data protected. Whether you're at home or out running errands, managing your finances has never been easier. With user-friendly tools and real-time account management features, Magnolia is committed to providing you with the best digital banking experience possible. Join us today and discover how our services can make your life simpler!

Financial Strength

Commitment to Growth

Our commitment to financial growth is evident with $34,279,759 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $4,518 in used auto loans and $102,756,829 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Growing Member Base

Our financial strength is also demonstrated by our growing member base, with a total of 36,048 share accounts. This shows that more people trust us with their finances every day. 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 1770 Highway 51 Madison Ms 39110 or call (601) 977-8300 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

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 take pride in having 48 full-time employees and 0 part-time employees who are dedicated to serving you with knowledge and care.

Secured Savings Opportunities

Members' savings are secured through $13,054,590 in share certificates and $10,425,745 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.

Solid Financial Foundation

With a net worth of $34,279,759, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 21.94% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Support

We believe in making finance accessible and straightforward. If you're considering refinancing an existing loan or exploring eligibility options for any of our products, don't hesitate to reach out! Our team is here to guide you through every step of the process. For more information about our loan offerings or to discuss how we can assist you with your financial needs, feel free to contact us at (601) 977-8300 or visit us at our branch located at 1770 Highway 51 Madison Ms 39110 in Madison, MS. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Your journey towards achieving your financial goals starts here with us at Magnolia!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $55,420,527 in used vehicle loans and $17,673,584 in new vehicle loans already helping members get on the road. We have flexible financing options to fit your budget, whether you're purchasing a brand-new vehicle or a reliable used one.

Credit Lines

For those who prefer flexibility, our total credit lines available amount to $25,000,000. This resource provides you with access to funds when you need them most, empowering you to manage personal or business expenses seamlessly.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $5,725,193, make buying or refinancing simple. We offer competitive rates and terms that cater to your financial situation, helping you navigate the path toward owning your dream home.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $4,093,621 in loans helping members manage their finances effectively. This option allows you to handle unexpected costs without putting extra strain on your budget.

Loan Aggregator

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MAGNOLIA FEDERAL CREDIT UNION - Madison, MS

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