//PRODUCTS & SERVICES
With our special Maggie’s Youth Savers Club, we aim to make saving fun.
Each child who enrolls will receive a free gift and their very own club membership card. To make saving even more exciting, the account pays bonus dividends on balances up to $500.
Oliver N. King Veteran Scholarship
Each year, we sponsor a special scholarship just for veterans. The award is for $2,000 and can be used on both graduate and undergraduate expenses. The scholarship is awarded in honor of Oliver N. King, a long-time employee of the Veterans Administration and a dedicated credit union member and official.
If you are a veteran and a member of MagFed, we encourage you to apply. You can mail your completed application to: ATTN: Marketing; Magnolia Federal Credit Union; 240 Briarwood Drive; Jackson, MS 39206
David E. Bergstrom Memorial Scholarship
The David E. Bergstrom Memorial Scholarship is awarded to two high school students who intend to further their education through a trade school, apprenticeship program, community college, or state or private university. The program was developed to honor the late David (Dave) E. Bergstrom who was the President/CEO of the Magnolia Federal Credit Union from 1990 to 2003. Dave was an astute businessman who achieved remarkable success in his 30-year career in the credit union industry. The $1,000 scholarships are awarded to the applicants who best exemplify Dave’s courage, spirit, and dedication.
If you would like to apply for this scholarship, please download our application below. You can email your completed application to education@magfedcu.org or mail it to:
ATTN: Marketing; Magnolia Federal Credit Union; 240 Briarwood Drive; Jackson, MS 39206
