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Magnolia Federal Credit Union


News

Mid-South Auction Government Surplus Sale

Rea Brothers Mid-South Auction invites Magnolia Federal Credit Union members to its Government Surplus Sale the first Thursday of every month. Be ready for the next sale with a pre-approved loan from your credit union! Visit http://www.rbmsa.com and click on the “Public Sale” link for more information.


Send them back to school in style! Let your credit union provide the little financial help to make that happen. You'll find back-to-School signature loans as low as 8.00% APR, used auto loans as low as 4.75% APR and student loans for college. Click here to let us know if you need more information... info@magfedcu.org

About Us

Magnolia Federal Credit Union (MagFedCU) is a multi-million dollar, full-service financial institution offering a full array of financial products and services to its members. MagFedCU is a not-for-profit financial cooperative whereby earnings are returned to members in the form of reduced fees, lower interest rates on loans, and higher returns on savings.

Membership Eligibility

Membership is limited to persons who live, work, worship, or attend school in Hinds, Madison, Rankin, Simpson and Copiah Counties in Mississippi; employees of this credit union, volunteers in the community; members of the immediate family or household of members of this credit union; and organizations of such persons.

Lifetime Membership

Once a member, always a member is a basic philosophy of credit union membership. Keeping your account active and maintaining a required minimum balance in your savings account is all it takes to remain a member for life.

Family Membership

Once you become a member, your family members are eligible to join, too. Your spouse, parents, brothers, sisters, grandparents, children, even grandchildren are all eligible to join Magnolia Federal Credit Union and take advantage of all the benefits of credit union membership regardless of where they live, work, worship or attend school.

Safety & Soundness

As a member of the Magnolia Federal Credit Union, your funds are insured by the National Credit Union Administration (NCUA) up to $100,000. 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, please visit the National Credit Union Administration's website and click on the link to "Credit Union Data" then click on "Find a Credit Union." You will be able to access MagFedCU's financials by typing in Charter Number 224 or the word "Magnolia" in the search form. Click here for a direct link to the "Find a Credit Union" web page.