Charter 224 · Jackson, MS
Magnolia Federal Credit Union
Magnolia Federal Credit Union is a federally chartered credit union in Jackson, Mississippi, with $186 million in assets and 21,013 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 23.43%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $186 million
- +6.6% in a year
- Members
- 21,013
- -19.5% in a year
- Net worth ratio
- 23.43%
- Peer median 11.65%
- Loans 60+ days late
- 0.55%
- Peer median 0.70%
- Loans outstanding
- $118 million
- -2.1% in a year
- Shares and deposits
- $142 million
- +5.9% in a year
- Branches
- 5
- 54 employees
- Opened
- 1935
- Federal charter
How Magnolia Federal Credit Union compares
NCUA groups credit unions by size; Magnolia Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 23.43% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.55%, is lower than the group median of 0.70%. Loans fell 2.1% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 8 of 55 credit unions headquartered in Mississippi. See all Mississippi credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $186 million | 21,013 | $118 million | 23.43% | 0.55% |
| Q1 2026 | $188 million | 21,084 | $118 million | 22.77% | 0.52% |
| Q4 2025 | $179 million | 21,178 | $120 million | 21.83% | 0.61% |
| Q3 2025 | $174 million | 21,438 | $122 million | 21.23% | 0.67% |
| Q2 2025 | $174 million | 26,100 | $121 million | 20.65% | 0.61% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 579,164 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 5 sites for Magnolia Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Main (main office)
240 Briarwood Dr, Jackson, MS 39206 - Flowood Service Center
2847 Lakeland Dr, Flowood, MS 39232 - Madison Service Center
1770 Highway 51, Madison, MS 39110 - Morton Branch
5134 Highway 80, Morton, MS 39117 - McComb Branch
913 Delaware Ave, McComb, MS 39648
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology