Magnifi Financial Avon MN Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to Magnifi Financial, your trusted partner in financial well-being, located at 209 Avon Ave S, Avon, MN 56310. Since our establishment in 1939, we have been dedicated to providing exceptional banking services tailored to meet the needs of our 85,210 members. With a total asset base of over $2.49 billion, we pride ourselves on offering a stable and secure environment for your financial journey. At Magnifi Financial, we believe that community matters. That's why we are committed to not only serving our members but also positively impacting the communities around us. Our dedicated team of 401 employees, led by CEO Charles Friederichs and Board President Steven Danzl, works tirelessly to ensure you receive personalized service and support every step of the way. While members can visit us at our Avon branch, official correspondence should be sent to the same address: 209 Avon Ave S, PO Box 467, Avon, MN 56310. With a robust portfolio including over 46,615 loans and leases, we offer a wide range of services such as personal banking, auto loans, mortgages, business banking solutions, and much more. Our commitment to innovation is evident through our online and mobile banking services, making it easier than ever to manage your finances from anywhere. Whether you're looking for convenient ATM access or drive-thru banking options, we've got you covered. Ready to take control of your financial future? Visit us today or give us a call at 320-356-7136! At Magnifi Financial, we're here to help you achieve your goals and build a brighter tomorrow.

Branch History & Mission

Welcome to Magnifi Financial, a cornerstone of the Avon community since 1939. Located at 209 Avon Ave S, Avon, MN 56310, our branch has proudly served its members for over eight decades. From our humble beginnings to becoming a trusted financial institution, we have evolved with the community while staying true to our mission: to empower and support our members in achieving their financial goals. Since opening our doors, we have grown significantly. Today, we serve over 85,210 members and manage total assets of approximately $2.49 billion. This growth reflects our commitment to providing high-quality financial services tailored to the needs of our members. Our operating hours are convenient too Monday through Thursday from 8:00 AM to 5:00 PM, Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM making it easy for you to visit us. At Magnifi Financial, we believe in more than just transactions; we strive to make a positive impact in our community. Our mission is clear: we aim to provide not only exceptional banking services including personal checking and savings accounts, auto loans, mortgages, and business banking but also support local initiatives that uplift and enrich the lives of those around us. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to our mailing address at PO Box 467, Avon, MN 56310. We pride ourselves on accessibility; with an ATM on-site and drive-thru services available for your convenience, getting your banking done is simple. Over the years, we've embraced technology to enhance your experience. Our online and mobile banking options allow you to manage your finances anytime and anywhere. We offer features like electronic signatures and person-to-person payments that make banking easier than ever before. Community outreach is also a vital part of who we are. We actively partner with local organizations and participate in events that strengthen our ties with the community. This engagement ensures that we remain connected with the people we serve. As we continue this journey together, we invite you to become part of the Magnifi Financial family. Experience firsthand how we can assist you in reaching your financial dreams while making a difference in the community. Join us today! For more information or assistance, feel free to contact us at 320-356-7136 or visit our website at http://www.mymagnifi.org .

Branch Location & Accessibility

Convenient Access and Features

Our branch is designed with convenience in mind. We offer ample parking for our members, ensuring that you can easily stop by without any hassle. The building is ADA compliant, featuring ramps and accessible entry points so everyone can visit us comfortably. For those who prefer to bank from their vehicles, we have a drive-thru service available. This allows you to handle deposits and withdrawals without leaving your car perfect for busy days! Plus, our ATM is always available for quick cash withdrawals and balance checks whenever you need them.

Join Us Today!

At Magnifi Financial, we're more than just a credit union; we're part of your community. We invite you to visit our Avon Branch for personal banking services like checking and savings accounts, auto loans, mortgage options, and much more. If you're looking for a reliable financial partner that understands your needs, look no further! We can't wait to welcome you into our family.

Operating Hours Tailored to You

We understand that life can get busy. That's why our lobby hours are tailored to fit your schedule: we're open Monday through Thursday from 8:00 AM to 5:00 PM, Friday until 6:00 PM, and Saturday mornings from 8:00 AM to 12:00 PM. Feel free to drop in during these hours or give us a call at 320-356-7136 if you have any questions.

Member Eligibility

Becoming a member of Magnifi Financial is like joining a close-knit family that truly cares about your financial well-being. If you live, work, worship, or attend school in our community, you're already on the right track! We welcome individuals who share our commitment to building a brighter future together. For those seeking specific details about eligibility, we encourage you to check out this resource: Membership Eligibility. Joining is easy and straightforward! Once you know you meet the criteria, simply reach out to us at (320) 356-7136 or visit us at 209 Avon Ave S Avon Mn 56310 to get started with opening your account. You can also find more information on how to open an account by visiting Account Opening Details. At Magnifi Financial, you'll enjoy personalized service and a range of financial products designed to help you succeed. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Loan Options Tailored for You

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $3,686 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $28 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $1,035,815,009, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

Running a business involves juggling many tasks, and our merchant services are here to simplify payments. Imagine having a reliable system that allows your customers to pay easily, whether they prefer credit cards or mobile payments. This not only enhances customer satisfaction but also streamlines your operations. Visit us at 209 Avon Ave S Avon Mn 56310 in Avon, MN, or give us a call at (320) 356-7136 to explore how we can help your business thrive!

Comprehensive List Of Services

Accessibility

Our branch located at 209 Avon Ave S Avon Mn 56310, Avon, MN is designed with your convenience in mind. With basic drive-thru banking available for deposits and withdrawals, as well as ATM access for quick transactions, managing your finances has never been easier. At Magnifi Financial, we're committed to providing exceptional service and support tailored just for you. If you have any questions about our services or want to get started today, give us a call at (320) 356-7136 or visit us online at http://www.mymagnifi.org . We look forward to helping you achieve your financial goals!

Business Banking

For local entrepreneurs, our Business Banking solutions include essential services like merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we have the tools to help your business thrive.

Credit Cards

When it comes to spending, our Credit Cards with Rewards allow you to earn points for every purchase you make. These rewards can be redeemed for travel, merchandise, or even cash back making each swipe more rewarding.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we provide robust Online & Mobile Banking services. You can easily manage your accounts from anywhere, pay bills, transfer money between accounts, and even send money to friends through our person-to-person payment feature. Plus, with our ATM services available at multiple locations including cash withdrawals and balance checks you'll have access to your funds whenever you need them.

Loans and Financing

For those considering purchasing a vehicle or refinancing their home, our Auto Loans & Vehicle Financing make the process smooth and straightforward. We provide competitive rates and flexible terms to ensure you can drive away in your new car without stress. If you're interested in real estate, explore our Mortgage Loans & Refinancing options that could save you money over time. Need some extra cash for unexpected expenses? Our Personal Loans & Debt Consolidation services can help you manage debts effectively while giving you peace of mind.

Personal Banking

We offer various Personal Banking options, including checking and savings accounts tailored to fit your lifestyle. Imagine having a checking account that not only helps you manage daily expenses but also rewards you for using it! Our savings accounts are perfect for setting aside funds for future goals, whether it's a vacation or an emergency fund.

Digital & Online Banking

Conclusion

With the range of services offered at Magnifi Financial, including online banking, mobile applications, and secure payment options, managing your finances has never been easier or safer. Experience the convenience today by visiting http://www.mymagnifi.org and take control of your financial journey!

Key Services

Our online banking service at http://www.mymagnifi.org allows you to check balances, transfer funds, and pay bills with just a few clicks. Whether you're at home or on the go, you have 24/7 access to your accounts, making it easy to stay on top of your finances. Need to send money to a friend? Our person-to-person transfer feature lets you quickly and securely send funds directly from your account. Plus, with our mobile application available for download, managing your money is even more accessible right from your smartphone.

Security and Ease of Use

Your security is our priority. We utilize electronic signature authorization for added safety in all your transactions. You can also choose e-statements, which not only help reduce paper waste but also make it easier for you to keep track of your financial history. Enjoy the freedom of mobile payments as well! Pay for goods and services directly from your phone without the need for cash or cards. This feature makes shopping and dining out hassle-free.

Financial Strength

Growing Together

We are proud to have a growing member base with a total of 263,613 share accounts that trust us with their finances. This shows our dedication to building lasting relationships within our community. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Magnifi Financial is your trusted partner. Visit us at 209 Avon Ave S Avon Mn 56310 or call (320) 356-7136 to learn more about how we can help you achieve your financial goals.

Member Savings and Investment

Members' savings are secured through $743,832,296 in share certificates and $523,095,080 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $90,292,408, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency shines through with a net income of $6,286,885, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 398 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Our Financial Health

With a net worth of $272,083,942, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our commitment to sound financial management is evident in our net worth ratio of $1,091, which demonstrates a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting in Our Community

With $244,269,902 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust as we have $9,159 in used auto loans and $1,840,291,835 in total loans and leases. This support allows our members to achieve their financial goals across various sectors.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $134,487,353 in used vehicle loans and $27,202,920 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used car, our team is here to assist you through the process.

Credit Lines and Unsecured Loans

For those looking for flexible borrowing options, we also offer total credit lines amounting to $717,849,320 and unsecured credit card loans totaling $12,543,897. These products allow our members to manage their finances effectively while enjoying flexible repayment terms.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $44,971,626, make buying or refinancing simple. We provide personalized service and guidance throughout your home-buying journey.

Refinancing Options

If you're considering refinancing your current loans or mortgages for better rates or terms, our knowledgeable staff can help you explore your eligibility options. We believe in making financial adjustments as seamless as possible. Our commitment to serving the community goes beyond just lending; it's about building relationships and providing support tailored to individual needs. Our performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We invite you to visit Magnifi Financial today or check out our website at http://www.mymagnifi.org for more information about our loan offerings and how we can assist you on your financial journey!

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MAGNIFI FINANCIAL CREDIT UNION