MAGNIFI FINANCIAL CREDIT UNION - New York Mills, MN

Welcome to Magnifi Financial, your trusted partner in banking located at 101 Main Ave N, New York Mills, MN 56567. Established in 1939, our credit union has been dedicated to serving our community and providing financial solutions tailored to your needs. With a robust membership of over 85,210 individuals, we are proud to offer a wealth of resources and services designed to support your financial journey. At Magnifi Financial, we understand that every member's financial goals are unique. That's why we manage an impressive $2,493,084,264 in total assets, ensuring that we have the stability and resources to help you succeed. Our commitment to you is reflected in our total deposits of $276,731,853 and total loans issued amounting to 46,615. Whether you're looking for personal banking options like checking and savings accounts or financing solutions such as auto loans and mortgages, we've got you covered. We are also proud of our strong leadership team led by CEO Charles Friederichs and Board President Steven Danzl, who are dedicated to fostering a culture of trust and community engagement. Our staff of 401 employees is here to assist you with friendly service and expert advice. While members can visit us at our branch location for transactions and support, official correspondence should be sent to the same address: 101 Main Ave N, New York Mills, MN 56567. For any inquiries or assistance, feel free to reach out at (218) 385-2070, or explore our offerings online at www.mymagnifi.org. Join us today as we work together towards your financial success! Whether you're a long-time member or looking to become part of our community, we invite you to experience the Magnifi Financial difference.

At Magnifi Financial, we believe that becoming a member means joining a warm and welcoming community where your financial well-being is our priority. If you live, work, or worship in the area, you're likely eligible to become part of our family! We're here to support you with a range of services tailored to meet your needs, from personal banking to loans and more. To get all the details about membership criteria, feel free to check out our dedicated page at https://mymagnifi.org/membership/index.html . Opening an account is straightforward and hassle-free. You can easily start the process by visiting us online at https://mymagnifi.org/apply/index .html or simply give us a call at (218) 385-2070 if you have any questions. We're located at 101 Main Ave N New York Mills Mn 56567, and we can't wait to welcome you into the Magnifi Financial community!

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, which reflects our commitment to serving you with confidence. 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 and stronger lending options to serve our members better. Additionally, with $9,159 in used auto loans and over $1.84 billion in total loans and leases, our lending capacity supports your financial goals across various sectors. Our impressive net income of $6,286,885 reflects our operational efficiency. This success enables us to keep 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 team. As of now, we manage a total of 263,613 share accounts, showcasing a strong and growing member base that trusts us with their finances. Net shares available for lending and investments amount to $13,451,924, further demonstrating our commitment to supporting your financial needs. 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 101 Main Ave N New York Mills Mn 56567 or call 218-385-2070 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.