Welcome to magnifi-financial, a trusted financial institution rooted in the community since 1939. With a mission centered around financial empowerment and dedicated service to our members, including military personnel, we strive to provide exceptional banking solutions tailored to your needs. Under the leadership of CEO Charles Friederichs and Board President Steven Danzl, our headquarters in Melrose, MN serves as the heart of our operations, ensuring that we remain accessible and responsive to our members' financial journeys.

As an NCUA-insured credit union since 7/10/1974 0:00, we prioritize your trust and security while offering modern banking conveniences. Our comprehensive suite of services includes online banking, a user-friendly mobile application, person-to-person transfers, e-statements, mobile payments, and e-signature authorization to make your banking experience as seamless as possible. At magnifi-financial, we believe in fostering lasting relationships with our members through transparency, accessibility, and a member-first approach. For more information or assistance, feel free to reach us at http://www.mymagnifi.org or via fax at (320) 256-4532.

At Magnifi Financial, we understand that managing your finances is an essential part of life, whether you're planning for personal milestones or growing your small business. That's why we offer a comprehensive range of services designed to cater to your unique financial needs. From personal banking solutions like checking and savings accounts to auto loans and vehicle financing, our members can find the tools they need to achieve their goals. We also provide mortgage loans and refinancing options, personal loans for debt consolidation, and credit cards that come with rewarding features. For businesses, we have tailored services that include merchant solutions and business loans, ensuring that both personal and commercial banking needs are met seamlessly.

In today's fast-paced world, convenience is key, and Magnifi Financial prioritizes digital access to make banking easier than ever. Our online banking platform allows members to manage their accounts from anywhere at any time. Additionally, our mobile application offers tools like person-to-person transfers and mobile payments for hassle-free transactions on the go. With e-statements and e-signatures available, you can stay organized while ensuring secure access to your financial information. Whether you're looking to plan for life's next steps or simply manage everyday banking tasks, our services are designed with you in mind. If you're interested in becoming a member, please check out our eligibility requirements at https://mymagnifi.org/membership/index.html . For those considering loan options, don’t forget to visit https://www.lendmesh.com/loans/vehicle_loans for rate comparisons that can help you make informed decisions. Should you need personalized assistance, feel free to reach out via fax at (320) 256-4532; we're here to support you every step of the way.

Magnifi Financial stands as a beacon of reliability and trust within the financial landscape, proudly serving a robust total membership of 85,210. With total assets amounting to 2,493,084,264, we demonstrate our commitment to our members through strong financial management and growth strategies. Our net worth currently stands at 272,083,942, reflecting our stability and resilience in an ever-evolving market.

In the past year, Magnifi Financial has achieved a net income of 6,286,885, which underscores our operational efficiency and profitability. We have garnered a significant total deposits figure of 276,731,853, showcasing the confidence our members place in us for their savings and investment needs. Our total loans and leases, amounting to 46,615, further exemplify our dedication to supporting our community with essential financial solutions.

We are proud to employ a team of 401 individuals who are dedicated to providing exceptional service and guidance to our members. This commitment is reflected in our impressive net worth ratio of 1,091, indicating a solid foundation that ensures we can navigate future challenges effectively. Our diverse portfolio includes a credit card loan volume of and an auto loan volume of , demonstrating our versatility in catering to various borrowing needs. Furthermore, with commercial loans totaling , we actively contribute to local business growth and economic development.

At Magnifi Financial, transparency is paramount. We believe in open communication about our performance metrics and financial data, which are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov . We invite you to experience firsthand the advantages of banking with us.

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