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We’re focused on you
Magnolia Federal Credit Union is a multi-million-dollar, full-service financial institution offering a large suite of financial products and services to its members.
Because we’re not focused on shareholders, we return our earnings to our members in the form of reduced fees, lower interest rates on loans, and higher returns on savings. Our focus will always be on your success and well-being.
Our Mission Statement
Magnolia Federal Credit Union’s primary mission is promoting community development by providing responsible financial products and financial services to low-income and underserved individuals in and around Jackson, Mississippi.
Membership Eligibility
If you meet any of these requirements, you’re eligible to join:
- Anyone who lives, works, worships, or attends school in the prescribed underserved communities of Mississippi’s Hinds, Madison, Rankin, Simpson, Copiah, Scott, Leake, or Yazoo Counties
- Members of Friends of the Children’s Hospital in Flowood, Mississippi
- Members of Jackson State National Alumni Association, Inc., in Jackson, Mississippi
- Magnolia FCU members family members are eligible to join too, including your spouse, parents, brothers, sisters, grandparents, children, and even grandchildren.
- Employees of this credit union
- Volunteers in the community
You’re a member for life
Worried you might move? Never fear. “Once a member, always a member” is a basic philosophy of credit union membership. All you need to do is keep your account active, which is easy with online and mobile banking.
Family Membership
Once you become a member, your family members are eligible to join too, including your spouse, parents, brothers, sisters, grandparents, children, and even grandchildren. They can then take advantage of all the benefits that come with membership, regardless of where they live, work, worship, or attend school.
Your funds are protected
As a member of Magnolia Federal Credit Union, your funds are insured by the National Credit Union Administration (NCUA). Annually, federal examiners and auditors examine the credit union’s financial status and compliance with existing laws that govern Federal Credit Unions.
For specific information about Magnolia Federal Credit Union’s current financial condition, follow the link below and enter Charter Number “224” or the word “Magnolia” in the National Credit Union Administration’s (NCUA) search form.