Share or Certificate Secured Loans

A new fishing boat? A 20th anniversary gift for your wife? Living out your dream to become a Zumba instructor? You name it! You can use your Magnolia Federal Credit Union Share (Savings) Account or Share Certificates to secure a low-interest loan, and use it for just about anything you need.

These loans are secured by your good standing with Magnolia, so you get an even lower interest rate. Take advantage of this loan and start making your dreams a reality today.

  • Competitively low rates for a wide range of personal needs
  • Typically lower rates due to collateral backing
  • Funds secured by savings established with Magnolia
  • Savings remain intact and earn dividends, thus reducing the actual cost of your loan
  • Helps establish or re-establish credit
  • A wide range of terms customized to your unique situation
  • Local, Mississippi decision making and processing
  • Friendly, helpful service from start to finish

There are no fees associated with an Overdraft Line-Of-Credit Loan. However, daily interest will accrue on any outstanding loan balance.

Credit Protection

MEMBERS CHOICE® Credit Life and Disability Protection
There's no way to predict an injury, illness or an unexpected death, but you can take steps along the way to protect your family if the unexpected were to occur. Credit Insurance may help to make make your loan payment or reduce or pay off the loan entirely in the event of death or disability of the borrower.

Your purchase of Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. CDCL-1199678.1-0515