MAGNOLIA Credit Union Profile

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MAGNOLIA

Charter #224 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (601) 977-8300

Fax: (601) 977-8320

Founding Date: N/A

Website: http://www.magfedcu.org

Personnel & Operations

President: Barrett, Mary

Manager: Waylett, Michael

FT Employees: 58

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 98

Branches: 5

Hours: MTT 8-4:30 W 10-4:30 F 8-5:30

Credit Union Profile Summary

MAGNOLIA is a FCU Credit Union. With a total of 26,100 members [1], this institution manages approximately $174,128,561 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 20.65% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 17.74% [1].

Financial Snapshot

Total Assets [1]
$174,128,561

Total economic resources.

Total Loans [1]
$120,927,467

Total value of outstanding loans.

Total Deposits [1]
$133,931,654

Total funds deposited by members.

Members [1]
26,100

Number of active members.

Performance Ratios

Net Worth Ratio [1]
20.65%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
3.30%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
90.29%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 11.16%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 17.74%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 32.31%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

240 Briarwood Dr

Jackson, MS, 39206
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 3 branches reported by MAGNOLIA (Charter #224).

Main Office

Main Main Office

Type: Corporate Office

240 Briarwood Dr

Jackson, MS 39206

Phone: (601) 977-8300

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Flowood

Flowood Service Center

Type: Branch Office

2847 Lakeland Dr

Flowood, MS 39232-8858

Phone: (601) 977-8300

Services: Member Services, ATM, Drive-Thru

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Madison

Madison Service Center

Type: Branch Office

1770 Highway 51

Madison, MS 39110

Phone: (601) 977-8300

Services: Member Services, ATM, Drive-Thru

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