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Magna Bank offers mortgage lending and personal banking services to individual and corporate customers. It offers checking accounts, savings accounts, money market deposit accounts, NOW accounts, individual retirement accounts, certificates of deposit, overdraft line of credit, and time deposits, as well as treasury management services, such as business sweep accounts, zero balance accounts, account reconciliation, remote deposit capture, treasury link online banking, and lockbox services. The company also provides loans, including home equity lines of credit, bridge/swing loans auto loans, and personal credit cards; commercial and multifamily loans; and construction loans, as well as business credit cards. In addition, it offers working capital lines of credit, owner-occupied commercial real estate financing, equipment financing, change of ownership financing, and letters of credit, as well as online banking, mobile banking services, and private banking. The company was founded in 1999 and is headquartered in Memphis, Tennessee.
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Strong Financial Performance Market-leading products and services Continued investment in our communities Unparalleled value in products, services and rates, and commitment to the well being of our membership and the communities we serve. These are the guiding principles that continue to make Pawtucket Credit Union "The smarter way to bank".