Magnolia Federal Credit Union

Established in 1935, Magnolia Federal Credit Union is headquartered in Jackson, Mississippi.

Main Address

240 Briarwood Dr
Jackson, MS 39206

Credit Union Details

Charter Number: 224

Year Opened: 1935

Date Insured: January 4, 1971

Routing Number: 265377235

Peer Group: Assets between $100 million to $500 million

Credit Union Type: Federally chartered, federally insured credit union (FCU)

President of the Board: Mary E. Barrett

Manager/CEO: Michael Waylett

Employees: 46 full-time employees

Members: 19,621 current members

Website

magfedcu.org

Branch Locations

Branch
Hours of Operation
Member Services
ATM
Drive Thru
Flowood Service Center
2847 Lakeland Dr
Flowood, MS 39232
(601) 977-8300
M-F 8-5:30
Yes
Yes
Yes
Madison Service Center
1770 Highway 51
Madison, MS 39110
(601) 977-8300
MTWT 8:00-6:00F 10:00-6:00
Yes
Yes
Yes

ATM Locations

ATM
Location
Madison Service Center
1770 Highway 51
Madison, MS 39110
Main
240 Briarwood Dr
Jackson, MS 39206

Grants

Grants received by this credit union.

Grantor
Date Awarded
Amount
Community Development Financial Institution (CDFI)
February 28, 2023
$667,900
NCUA Technical Assistance Program - Community Development Revolving Loan Fund (CDRLF)
August 30, 2021
$50,000
Community Development Financial Institution (CDFI)
June 15, 2021
$1,826,265
Community Development Financial Institution (CDFI)
November 19, 2019
$714,000

Data from https://mapping.ncua.gov/CreditUnionDetails/224

Credit Unions Near Jackson, MS

567 S State St
Jackson, MS 39201

Member Services

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ATM

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Drive Thru

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Member Services

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ATM

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Drive Thru

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Jackson, MS 39209

Member Services

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ATM

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Drive Thru

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500H E Woodrow Wilson Ave
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Member Services

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ATM

No

Drive Thru

No

1300 Meadowbrook Rd Ste 100
Jackson, MS 39211

Member Services

No

ATM

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Drive Thru

No

FAQ

What does a credit union have to offer?

Credit unions are non-for-profit financial cooperatives, owned and controlled by the credit union's members.

What is a cooperative?

Cooperatives, in simplest terms, are institutions that belong to the people that use them.

Is my money safe?

Credit unions are insured up to $250,000 by the National Credit Union Administration (NCUA).

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