Frequently Asked Questions

Android:
You can use TalkBack, Android’s built-in screen reader.

To turn on or off TalkBack, you can:

• Use Volume Keys Shortcut:
  Press and hold both volume keys for 3 seconds (if this shortcut is enabled).

• Use Google Assistant:
  Say “Turn on TalkBack” or “Turn off TalkBack.”

• Use the Settings app:

  1. Open Settings > Accessibility > TalkBack.

  2. Toggle Use TalkBack on or off.

  3. Tap OK to confirm.

When using a Windows PC, use the built-in Narrator program. To start and stop Narrator, press the Windows logo key + Ctrl + Enter.

When using a Mac, choose the Apple icon menu, go to System Settings, then click Accessibility in the sidebar. (You may need to scroll down.) Click Spoken Content on the right and turn on “Speak selection”. To use Apples screen reader, press Option + Esc.

When using a Google Chromebook, use their built-in ChromeVox program. Turn ChromeVox on and off from any page by pressing Ctrl + Alt + Z.

In Safari, you can press Command + Plus (+) or Command + Minus (–) to adjust the text size while reading emails, messages, articles, and webpages.

In Chrome, at the top right, click More, then find and select Settings. On the far-left side, click Appearance, from here you can change font size, or you can select Customize fonts for more font options.

In Microsoft Edge, navigate to Settings and more in the top right corner, select Settings, click on Appearance on the far-left menu, scroll down to the bottom where you will find the option to customize fonts.

In Mozilla FireFox, find the Menu bar at the top of the screen, click Firefox and select Preferences. Click the menu button and select Settings. In the General panel, go down to Language and Appearance. Under Fonts and Colors, use the drop-down menus to select the font and font size of your choice.

On a Windows PC computer, press the Windows key and plus sign (+) at the same time. Continue pressing plus (+) until you have zoomed in as far as you need. You can also use the Magnifier application under Accessories to zoom in.

On a Mac computer, navigate to System Preferences, open Universal Access, and select the Seeing tab. From there, check the box under Zoom to turn the feature on.

On your Apple device, tap Settings, then General, finally Accessibility, tap the Zoom button and toggle it to “On”.

On a Google Chromebook, at the bottom right, select the time or press Alt + Shift + S. Select Settings, next select Accessibility, under “Display”, turn on Full Screen Magnifier.

We are glad you asked! Here are the qualifications:

1. Sign up for an Everything E Checking Account

2. Make 2 direct deposits of $500 or more within 60 days of opening

3. Account must remain open and in good standing for at least 60 days, then email info@magfedcu.org after all qualifications are met to claim your $100.

4. Current Magnolia Checking Account holders are not eligible (Magnolia Savings account holders are eligible).

A line of credit is different than a traditional loan. With a traditional loan, you receive a lump sum of cash. You will then immediately start making payments on the balance you owe. With a line of credit, you have access to a set amount of cash, but you can withdraw that money in “as-needed” portions. You will only pay interest on what you borrow.

For example, if your line of credit is $15,000 and you don’t withdraw anything, you won’t have to pay any interest. If you withdraw $5,000, you will pay interest on that $5,000. In this way, a line of credit works very similarly to a credit card, but the interest rate is typically much lower.

Eligibility for the Kidicate is based on the child’s age at account opening and are available for Youth and Teen Accounts. If the child turns 13 during the 24-month term, the existing Kidicate will mature as expected. If the child turns 18 during the 24-month term, the existing Kidicate will mature as expected, however, automatic renewal will default to our regular 24-month share certificate.

The account(s) you have with us is/are nontransferable and nonnegotiable. This means that an account, and the funds in the account, may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.

Certificate accounts are automatically renewable accounts. Automatically renewable accounts will renew for another term upon maturity at the then-current rate. There is a 10-day grace period following the maturity of this account to withdraw the funds without penalty.

You can, but we may impose a penalty if you withdraw any of the principal of the Certificate Account before the maturity date.

1) Amount of Penalty. For certificates with a term of one year or less, the amount of the early withdrawal penalty is 30 days of dividends calculated on the amount withdrawn. For certificates with a term of more than one year, the amount of the early withdrawal penalty is 90 days of dividends calculated on the amount withdrawn.

2) How the Penalty Works. The penalty is calculated as a forfeiture of part of the interest that has been or would be earned at the nominal interest rate on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.

3) Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

Account eligibility expires on the child’s 13th birthday. The account will be automatically converted to a Regular Share Savings Account.

Yes, there are the following fees:

–  $50 account opening fee

–  $15 per month service charge with Direct Deposit signup

–  $20 per month service charge without Direct Deposit signup

Our overdraft lines of credit can go up to $1,500, depending on what you qualify for.

Earning rewards is simple. You’ll simply need to meet these qualifications for your linked Perks Checking account:

– Have at least 15 signature-based debit card purchases post and settle between the first day of the calendar month and the last day of the calendar month
– Have at least 1 direct deposit of $500 or more
– Receive monthly eStatements

* If PERKS Checking account does not meet qualifying requirements, the PERKS Savings account will earn the nonqualifying rate for that cycle. For PERKS accounts, the qualifying cycle is defined as a calendar month (example: March 1 – March 31). One PERKS Checking and one PERKS Savings account allowed per primary member’s social security number. No commercial accounts may participate in this program. PERKS Savings accounts with balances below $10,000 receive a monthly dividend of 0.01% APY. PERKS Savings accounts with balances of $10,000 up to $100,000 receive a monthly dividend of 0.55% APY and 0.01% APY on the portion of the balance over $100,000. PERKS Checking accounts receive a dividend of 5.00% APY on balances up to $10,000 and 0.01% APY on the portion of the balance over $10,000. The nonqualifying rate for PERKS Checking and Savings accounts is 0.01% APY on all balances.

There are no fees associated with this loan. However, daily interest will accrue on any outstanding loan balance.

The maintenance fee is only $1.00 as long as you sign up for eStatements. You can avoid the maintenance fee altogether by maintaining a $100.00 average aggregate account balance (includes all savings, checking, certificates, money market accounts, loans, etc.)

To change your PIN or Activate Your Card call (800) 290-7893.

If your card has been lost or stolen, please let us know immediately by calling (601) 977-8300 or (800) 997-7919.

To report cards lost or stolen members after normal business hours call (888) 297-3416.

You can also block your card directly from our mobile app for free.

Points are redeemed through MagFed’s online and mobile banking platforms under the Card Rewards section of the navigation menu.

To change your PIN or Activate Your Card call (800) 290-7893.

If your card has been lost or stolen, please let us know immediately by calling (601) 977-8300 or (800) 997-7919.

To report cards lost or stolen members after normal business hours call (888) 297-3416.

You can also block your card directly from our mobile app for free.