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

Introduction

Welcome to Magnifi Financial, your trusted partner in achieving financial well-being since 1939. Located at 843 40th Ave NE, Columbia Heights, MN 55421, our credit union is dedicated to serving our community with reliable banking solutions tailored just for you. With over 85,210 members and total assets exceeding $2.49 billion, we pride ourselves on being a cornerstone of financial support in Columbia Heights. While members can visit us at our branch location, official correspondence should be sent to the same address for your convenience. Our commitment extends beyond just numbers; we strive to create meaningful relationships with each of our members by offering personalized services that meet your unique needs. Led by our CEO, Charles Friederichs, and Board President, Steven Danzl, our team of over 400 employees is here to assist you every step of the way. We offer a wide range of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking options. With total deposits reaching $276,731,853 and a net worth of $272,083,942, we ensure your money is safe while working hard for you. At Magnifi Financial, we believe in empowering our members through education and resources that foster financial literacy. Whether you're looking to buy your first car or planning for retirement, we're here to help you navigate those important milestones. Feel free to explore our website at http://www.mymagnifi.org for more information or call us at 888-330-8482 during our operating hours: Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM. Let us partner with you on your journey toward financial success!

Branch History & Mission

At Magnifi Financial, we pride ourselves on a rich history that dates back to 1939. Since our founding, our branch in Columbia Heights, MN has grown from humble beginnings into a trusted financial partner for our community. Located at 843 40Th Ave NE, just a stone's throw away from local schools and parks, we have established ourselves as a cornerstone of support for families and businesses alike. Over the years, Magnifi Financial has achieved significant milestones. With a total membership of over 85,210 individuals and assets exceeding $2.49 billion, we have consistently demonstrated our commitment to providing exceptional financial services. Our mission is clear: to empower our members through quality banking solutions while fostering community growth and financial literacy. We believe in making a positive impact not just through our services but also by actively engaging with local organizations and initiatives. Our branch operates Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM, ensuring that we are available when our members need us most. While you can visit us at 843 40Th Ave Ne Columbia Heights Mn 55421, any official correspondence should be sent to our mailing address at 843 40th Ave NE, Columbia Heights, MN 55421. As technology evolves, so do we. Magnifi Financial is dedicated to offering modern conveniences such as online and mobile banking, allowing members to manage their finances easily and securely. We're also committed to accessibility for all, adhering to ADA compliance standards so that everyone can benefit from our services. In addition to traditional banking options like checking accounts, auto loans, and mortgages, we actively support community initiatives aimed at improving financial education and wellness. By partnering with local schools and nonprofits, we strive to create lasting change that uplifts everyone in the Columbia Heights area. Join us at Magnifi Financial, where your financial goals are supported with care and dedication. Experience the benefits of being part of a community-focused credit union that values you not just as a member but as a vital part of our shared journey towards prosperity. Reach out today at (888) 330-8482 or visit us online at Magnifi Financial to learn more about how we can assist you on your financial path!

Branch Location & Accessibility

Accessibility Features

We understand how important accessibility is for our members. Our branch is designed to accommodate everyone, with features such as ramps and ADA compliance to ensure ease of access. Plus, there's ample parking available right outside, so you can come in without any hassle.

Connect With Us

If you have any questions or need assistance, feel free to give us a call at 888-330-8482. We're here to help! Come visit us today at Magnifi Financial where your financial well-being is our priority.

Operating Hours & Services

At Magnifi Financial, we want to make your banking experience as convenient as possible. Our lobby hours are Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM. We encourage you to stop by during these hours to explore our range of services, including personal banking options like checking and savings accounts, auto loans, mortgage refinancing, and more. Although we don't have an ATM or drive-thru service at this location, our dedicated staff is always ready to assist you with your banking inquiries and transactions inside the branch.

Member Eligibility

At Magnifi Financial, we believe that everyone deserves to be part of a welcoming and supportive community. Becoming a member is simple and open to individuals who live, work, worship, or attend school in our service area. If you have a family member who is already part of our credit union, you can join too! This means you can enjoy all the benefits we offer, such as personalized financial services and competitive rates on loans and savings accounts. For more details about eligibility, feel free to check out our comprehensive guide at https://mymagnifi.org/membership/index.html. Joining us is easy! You can start your membership journey by visiting us at 843 40Th Ave Ne Columbia Heights Mn 55421 or simply give us a call at (888) 330-8482 if you have any questions. When you're ready to open your account, just head over to our account opening page at https://mymagnifi.org/apply/index.html, where you'll find all the information you need to get started. We can't wait to welcome you into the Magnifi Financial family!

Business Banking & Commercial Services

Business Loan Options

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

In today's fast-paced market, having efficient payment solutions is crucial. Our merchant services provide the tools you need to process payments seamlessly, whether you're at a brick-and-mortar location or selling online. Imagine easily accepting credit card payments or setting up recurring billing for loyal customers these features can save you time and enhance your cash flow. Located conveniently at 843 40Th Ave Ne Columbia Heights Mn 55421, Columbia Heights, MN, our dedicated team is ready to partner with you on your journey toward success. Let's turn your aspirations into achievements together! For more information, give us a call at (888) 330-8482 or visit our website at http://www.mymagnifi.org.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Dreaming of a new ride? Our auto loans and vehicle financing options make it easier than ever to hit the road in style. With competitive rates and flexible terms, we can help you find the perfect loan that fits your budget. Whether it's a new car or a reliable used vehicle, our financing solutions will get you behind the wheel without breaking the bank.

Business Banking Solutions

For entrepreneurs and small business owners, we offer comprehensive business banking services including merchant services and business loans. We understand that running a business comes with its own set of challenges. That's why our dedicated team is ready to assist you in finding the right financial products tailored for your growth.

Credit Cards with Rewards

Take advantage of our credit cards with rewards, which not only provide convenience but also give back for every purchase you make. Earn points for travel, shopping, or cash back whatever suits your lifestyle best! Our credit card options are designed to enhance your purchasing power while keeping fees low.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why Magnifi Financial provides robust online and mobile banking features allowing you to manage all aspects of your finances whenever and wherever suits you best. From checking balances to making deposits right from your smartphone, banking has never been easier! With so many valuable services at Magnifi Financial, we invite you to explore how we can assist you in achieving your financial goals. Feel free to reach out at 888-330-8482 or visit us during lobby hours Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM. Let's start building a brighter financial future together!

Home Financing Made Easy

When it comes to mortgage loans and refinancing, we know that buying a home is one of the biggest decisions you'll ever make. That's why we provide personalized mortgage options that cater to various budgets and lifestyles. Our experts will guide you through every step of the process, ensuring you feel confident in your investment.

Personal Banking Solutions

We understand that managing your day-to-day finances can be overwhelming. That's why we offer personal banking options including checking and savings accounts designed to help you save while enjoying easy access to your funds. Our accounts come with user-friendly features like online and mobile banking, so you can track your spending, transfer money, and pay bills from the comfort of your home or on the go.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, but don't worry our personal loans are here to help! Whether you're planning a big purchase or need assistance consolidating debt, our team will work with you to find the right solution. We offer affordable terms that make repayment manageable so you can focus on what truly matters.

Digital & Online Banking

Key Features

With 24/7 online banking services, you can check your balances, transfer funds, and pay bills without stepping into a branch. Our user-friendly interface makes it simple to navigate, so you can focus on what matters most. Plus, for added convenience, we provide electronic signature authorization, allowing you to sign documents digitally no more printing or mailing required! Are you tired of waiting for paper statements? With our e-statements available at Yes, you can receive your account statements electronically, helping you save time and reduce clutter. And if you're always on the go, our mobile application is here to assist you with quick access to your accounts right from your smartphone.

Stay Connected

Want to send money to friends or family instantly? Our person-to-person transfer feature allows you to do just that making it easy to share expenses or send a little extra when needed. Additionally, if you're a fan of mobile payments, you'll be pleased to know that we support this feature as well. You can make secure transactions directly from your phone without reaching for your wallet. At Magnifi Financial, we prioritize your security as much as your convenience. Our online banking services are designed with robust security measures to keep your information safe while providing you the flexibility and ease-of-use that modern banking should offer. Explore all these features today by visiting us at http://www.mymagnifi.org and experience a new way of managing your finances!

Financial Strength

At Magnifi Financial, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength with you, showcasing our commitment to providing reliable services and products that meet your needs. 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 net worth ratio of 10.91% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. 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. 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 supports your financial goals with $9,159 in used auto loans and a total of $1,840,291,835 in loans and leases available for various needs. Our operational efficiency is reflected in our impressive net income of $6,286,885, which enables 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 and committed team. We have a growing member base that trusts us with their finances evident from our total share accounts numbering 263,613. This reflects the trust you place in Magnifi Financial as your go-to financial institution. 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 843 40Th Ave Ne Columbia Heights Mn 55421 or call 888-330-8482 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.*

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 new or used vehicle, our team is here to guide you through the process and find the right loan for your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $1,035,815,009 provide the capital needed to grow and expand. If you're looking to invest back into your business or take advantage of new opportunities, our team can work with you to find a solution that fits your needs.

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 can assist you in understanding your eligibility and help you navigate through the refinancing options available.

Total Credit Lines

In addition to traditional loans, we also offer credit lines with a total of $717,849,320 available. This flexibility allows you to borrow as needed while only paying interest on what you use. For more information about our loan offerings and how they can benefit you, feel free to reach out at 888-330-8482 or visit us at our branch located at 843 40th Ave NE Columbia Heights MN 55421. Our team is ready to assist you Monday through Friday from 9 AM to 5 PM and Saturdays from 9 AM to 12 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step towards achieving your financial dreams!

Unsecured Credit Card Loans

Managing everyday expenses just got easier with our flexible terms on unsecured credit card loans. We currently have $12,543,897 in loans helping members effectively manage their finances. This option provides an accessible way to handle unexpected costs or plan for larger purchases.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment to accuracy ensures that users receive fair and transparent offers tailored to their needs.