Federal grants to Magnolia Federal Credit Union
Magnolia Federal Credit Union in Jackson, Mississippi received $3.3 million in federal grants from fiscal 2021 to 2025, across 3 awards. Its largest program was Community Development Financial Institutions Rapid Response Program (CDFI RRP), with $1.8 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$3.3 million
- Awards3
- Awarded in FY 2025$0
- Largest award$1.8 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 0 | $0 |
| FY 2023 | 1 | $667,900 |
| FY 2024 | 1 | $800,000 |
| FY 2025 | 0 | $0 |
Programs that fund Magnolia Federal Credit Union
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Program | 2 | $1.5 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 3 | $3.3 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $800,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | February 28, 2023 | $667,900 |
Questions people ask
How much federal grant money does Magnolia Federal Credit Union get?
$3.3 million in 3 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Magnolia Federal Credit Union the most?
The Department of the Treasury, with $3.3 million in 3 awards.
What is Magnolia Federal Credit Union's largest federal grant?
$1.8 million under Community Development Financial Institutions Rapid Response Program (CDFI RRP), with its first action in the period on June 15, 2021. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Magnolia Federal Credit Union?
Its largest are Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Community Development Financial Institutions Program.
Other grant recipients in Jackson
- Mississippi Division of Medicaid
- Mississippi Department of Education
- Mississippi Department of Transportation
- Mississippi Department of Human Services
- Mississippi State Department of Health
- Mississippi Department of Finance & Administration
- Mississippi Military Department
- Mississippi Development Authority
Largest federal grant recipients in Mississippi · Federal grants in Mississippi