About Magnolia

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. We are 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.

Mission Statement

Sharing resources for the financial success of member-owners.

Membership Eligibility

Membership is limited to:

  • Persons who live, work, worship, or attend school in Mississippi's Hinds, Madison, Rankin, Simpson, Copiah, Leake, Yazoo, or Northern Scott Counties
  • Employees of this credit union
  • Volunteers in the community
  • Members of the immediate family or household of current Magnolia FCU members
  • 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, and even grandchildren are all eligible to join Magnolia Federal Credit Union. Then they may take advantage of all the benefits that come with credit union membership, regardless of where they live, work, worship, or attend school.

Featured Products

Kasasa Cash® — Free checking that earns really high dividends, regardless of your minimum balance, with refunds on ATM fees nationwide.*

Kasasa Tunes® — Earn refunds on Amazon® and iTunes® purchases with this free checking account.

Kasasa Giving® — You'll feel great using your debit card with purchases of any kind! Kasasa Giving donates 3¢ to a charity of your choice with every swipe!

Kasasa Saver® — A free, automatic savings generator. Kasasa Saver links to your Kasasa Cash account, transferring earned rewards to your savings every month, when qualifications are met.*

Safe & Sound

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, click here and enter Charter Number "224" or the word "Magnolia" in the National Credit Union Administration's (NCAU) search form.