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Magnolia Federal Credit Union


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Free Auto Buying Workshop

Planning to buy a car?
Find out how to save money and remain in control of your car deal.
Join us for an information session
Thursday, October 9, 2008
at 5:30 p.m.

Board Room, Main Office on Briarwood Drive

Space is limited.
Register today by calling (601) 977-8300 or email:
education@magfedcu.org.


Vishing Alert

Credit Unions members are falling victim to “vishing” attempts. Read more...


www.magfedcu.org has a new look! We hope you'll enjoy the improved speed and ease of navigation. We welcome your comments at info@magfedcu.org

Other Loans

If you'd like a loan for household goods, a personal computer, debt consolidation or any other personal need, just ask! Rates and terms vary based on the purpose of the loan, member qualifications, and security offered. Click here to apply online

Signature and Line-of-Credit Loans

These loans provide quick and easy loan access for unexpected purchases and no collateral is required.

Overdraft Line-of-Credit Loans

Overdraft line-of-credit   loans are recommended as a cost effective means of protection against inadvertent   NSFs on your Share Draft (Checking) Account. This type of loan can be set up as your first line of NSF protection, or secondary to your Share Savings Account. There are no fees associated with an overdraft line-of-credit loan, however, daily interest will accrue on any outstanding loan balance.

Share or Certificate Secured Loan

Loans secured by your Share Savings Account or a Share Certificate may be used for any purpose. Because these loans are secured, you pay a lower interest rate.

Student Loans

Need help paying for college? Federal education loans with great rates are one of the smartest ways to borrow for college. MagFCU offers Federal Stafford Loans to undergraduates and graduate students as well as Federal PLUS loans to parents of undergraduates. Be sure to list Magnolia Federal Credit Union as your lender and include lender code #821715 on all financial aid documents.


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