Credit union · NCUA insured
Magnolia Federal Credit Union
A $188.1M credit union headquartered in Jackson, MS, with 21,084 members and 5 branches in Mississippi. Best rates: CDs 3.82% and savings 0.20% APY.
Magnolia Federal Credit Union Carrot Score
80
Carrot Score
Higher than 52% of U.S. banks and credit unions
#10 of 26 in Jackson, MS metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Magnolia Federal Credit Union
Started by Veterans Bureau employees in Jackson, Mississippi during the Great Depression, Magnolia Federal Credit Union is a member-owned financial cooperative.
Operating branches in Jackson, Flowood, Gluckstadt, Morton, and McComb, the credit union holds CDFI designation.
- Headquarters
- 240 Briarwood Dr, Jackson, MS 39206
- NCUA charter
- 224
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives, works, worships, or attends school in Mississippi's Hinds, Madison, Rankin, Simpson, Copiah, Leake, Yazoo, or Scott Counties is eligible for membership.
Employers and groups
- Employees of this credit union are eligible for membership.
- Employees of Select Employer Groups (SEGs) partnered with Magnolia Federal Credit Union are eligible for membership.
Family and household
- Members of the immediate family or household of current Magnolia FCU members are eligible for membership.
Other ways
- Volunteers in the community are eligible for membership.
Cost to join
- There is no membership fee to join; opening a Share Savings account deposit represents your share(s).
Branches
5 branches in Mississippi
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Mississippi
5 branches
Jackson area · 4
- MainMain office240 Briarwood Dr, Jackson, MS 39206Directions
- Flowood Service Center2847 Lakeland Dr, Flowood, MS 39232Directions
- Madison Service Center1770 Highway 51, Madison, MS 39110Directions
- Morton Branch5134 Highway 80, Morton, MS 39117Directions
McComb area · 1
- McComb Branch913 Delaware Ave, McComb, MS 39648Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 23.43% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.55% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.47% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $84 | $76 | — |
- CapitalNet worth ratio23.43%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.55%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.47%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$84Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Magnolia Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.