Magnolia Credit Union

About Magnolia Credit Union

Magnolia Credit Union Location

240 Briarwood Drive
Jackson, MS 39206

Phone: (601) 977-8300
Website: www.magfedcu.org
Routing/Transit Number: Not Available

Magnolia Credit Union Information

Magnolia Credit Union of Jackson, MS is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 12549 members and assets of $79,958,061, as compared to the national average of $93 million dollars of assets per credit union. Magnolia Credit Union, first opened in 1935 and has been in operation since then. Additionally, Magnolia Credit Union has 35 full time employees and 1 part time employees, or 348.583333333 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Magnolia Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Magnolia Credit Union is a not-for-profit, cooperative, tax-exempt organization.