MAGNIFI FINANCIAL CREDIT UNION

Welcome to Magnifi Financial, where your financial needs and community well-being are our top priorities! Located at 320 E Main St, Melrose, MN 56352, we have proudly served our members since 1939. With a strong commitment to fostering financial growth and stability, we currently support over 85,210 members and manage assets totaling an impressive $2,493,084,264. At Magnifi Financial, we understand that banking is more than just numbers; it's about building lasting relationships within our community. Whether you're looking for personal banking options like checking and savings accounts or exploring auto loans and mortgage refinancing, we're here to help you navigate your financial journey with confidence. Our dedicated team of 401 employees, led by CEO Charles Friederichs and Board President Steven Danzl, is committed to providing you with exceptional service tailored to your unique needs. While members can visit us at our branch for in-person assistance or simply call us at 320-256-4269, official correspondence should be sent to the same address: 320 E Main St, Melrose, MN 56352. We're not just a credit union; we're a part of your community investing in local initiatives and supporting small businesses through our net member business loan balance of $1,423,311,980. With total deposits reaching $276,731,853 and a net worth of $272,083,942, we take pride in our financial health and stability. Additionally, our services include online and mobile banking options to ensure you can access your accounts conveniently anytime. Join us at Magnifi Financial today where trust meets opportunity! Visit us online at www.mymagnifi.org or stop by our branch to learn more about how we can assist you in achieving your financial goals.

At Magnifi Financial, we believe that joining our community is like becoming part of a big family that supports each other. Becoming a member is easy! If you live, work, worship, or attend school in the area, you're likely eligible to join us. We welcome individuals from all walks of life, and our goal is to provide you with the resources and support you need to achieve your financial goals. For more specific details about eligibility criteria, feel free to check out our website at https://mymagnifi.org/membership/index.html . Once you're ready to take the next step, opening an account is straightforward. You can find all the information you need on how to get started by visiting https://mymagnifi.org/apply/index.html . If you have any questions or need assistance, don't hesitate to give us a call at (320) 256-4269. We're here for you every step of the way!

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 that our strong financial foundation ensures we can support you in all your banking needs. With a net worth of $272,083,942, we maintain robust 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 is evident with $9,159 in used auto loans and a total of $1,840,291,835 in loans and leases, supporting your financial goals across various sectors. Our operational efficiency shines through with a net income of $6,286,885, allowing 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. Currently, we have 26,361 total share accounts, showcasing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving or borrowing or planning for the future, Magnifi Financial is your trusted partner. Visit us at 320 E Main St Melrose Mn 56352 or call 320-256-4269 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.