Magnolia Federal Credit Union Jackson, Mississippi
Magnolia Federal Credit Union is a federal credit union headquartered in Jackson, MS, established in 1935 (NCUA charter 224), and it is regulated and insured by the NCUA. At Q2 2026 it reported 21,013 members and total assets of $185.6M (up 6.6% from Q2 2025), the 8th largest of 52 credit unions headquartered in Mississippi. Its net worth ratio was 23.43% at Q2 2026, in the well capitalized band.
Also written as Magnolia FCU
BankRegReports is independent of Magnolia Federal Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 224
- Headquarters
- Jackson, MS
- Established
- 1935
- Total assets, Q2 2026
- $185.6M
- Assets vs Q2 2025
- +6.6%
- Members, Q2 2026
- 21,013
- Net worth ratio, Q2 2026
- 23.43%
- Latest call report
- Q2 2026, NCUA 5300 · Magnolia Federal Credit Union call report
- Asset rank in state
- 8th of 52 in Mississippi
- Routing number
- 265377235
- Branches
- 5
It has 5,087 fewer members than on June 30, 2025 (-19.5%). Its net worth ratio was up 2.78 percentage points from 20.65% on June 30, 2025. Used vehicle loans are its largest loan category, $68.6M of $118.4M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.55% is below the 0.68% median of the 1,338 credit unions with $100M to $1B in assets for Q2 2026. Its 23.43% net worth ratio is above that band's 11.43% median.
Credit unions similar in size in Mississippi
Credit unions merged into Magnolia Federal Credit Union
City Federal Credit Union (2026) · McComb Federal Credit Union (2025) · Mississippi Central Federal Credit Union (2025) · Benchsmart Federal Credit Union (2015)
Frequently asked about Magnolia Federal Credit Union
How big is Magnolia Federal Credit Union?
At Q2 2026 it reported total assets of $185.6M and 21,013 members.
Where is Magnolia Federal Credit Union headquartered?
It is headquartered in Jackson, MS, United States.
When was Magnolia Federal Credit Union founded?
It was established in 1935, per NCUA records.
Is Magnolia Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 224): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Magnolia Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Magnolia Federal Credit Union well capitalized?
Its net worth ratio was 23.43% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Magnolia Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.55% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Magnolia Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 83.52% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Jackson, MS 39206
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1935
- NCUA Charter #
- 224
- RSSD ID
- 22972
- Members
- 21,013
- Potential members
- 579,164
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 4 of 7 ranked measures.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 23.43% | 11.43% | over 90th top |
| Return on assets Middle half of peers: 0.43% to 1.23% | 1.43% | 0.81% | 82nd top |
| Return on equity Middle half of peers: 3.87% to 9.84% | 6.09% | 7.02% | 43rd below |
| Net interest margin Middle half of peers: 3.30% to 4.10% | 5.44% | 3.70% | over 90th top |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | 83.12% | 76.55% | 26th below |
| Cost of funds Middle half of peers: 0.92% to 1.56% | 0.58% | 1.24% | over 90th top |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 0.55% | 0.68% | 61st above |
| Yield on assets Middle half of peers: 4.53% to 5.37% | 6.02% | 4.92% | over 90th position only |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 83.52% | 75.66% | 68th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$185.6M total assets against $174.1M; $141.8M total shares and deposits against $133.9M; $118.4M total loans against $120.9M.
$43.5M net worth against $36.0M.
23.43% net worth ratio against 20.65%.
83.52% loan-to-share ratio against 90.29%.
0.55% delinquency ratio against 0.61%.
1.43% return on assets against 5.00%; 6.09% return on equity against 24.22%.
5.44% net interest margin against 5.85%.
21,013 members against 26,100.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 23.43% | 1.43% | 0.55% | 83.52% |
| March 31, 2026 | 22.77% | 1.45% | 0.52% | 81.21% |
| December 31, 2025 | 21.83% | 4.56% | 0.61% | 88.87% |
| September 30, 2025 | 21.23% | 2.38% | 0.67% | 91.29% |
| June 30, 2025 | 20.65% | 5.00% | 0.61% | 90.29% |
| March 31, 2025 | 20.95% | 1.35% | 0.58% | 85.99% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.