Magnifi Financial Paynesville MN Credit Union | Best Auto Loans & Drive-Thru Banking

Introduction

Welcome to Magnifi Financial, your trusted partner in financial wellness, located at 1025 W Main St, Paynesville, MN 56362. Since our establishment in 1939, we have been dedicated to serving the community with integrity and personalized service. With over 85,210 members and total assets exceeding $2.49 billion, we pride ourselves on being a cornerstone of financial support for individuals and families alike. At Magnifi Financial, we believe that banking should be straightforward and accessible. That's why we offer a variety of services tailored to meet your needs whether you're looking for a new auto loan, a mortgage, or simply want to open a checking account. Our commitment to you is reflected in our impressive financial standing; our total deposits amount to $276,731,853, ensuring that your money is safe and sound with us. Led by our CEO, Charles Friederichs, and Board President, Steven Danzl, our team of over 401 employees is here to assist you every step of the way. We understand the importance of community engagement and are proud to contribute positively to Paynesville and its surrounding areas. While members can visit us at our branch location, official correspondence should be sent to the same address: 1025 W Main St, Paynesville, MN 56362. For any inquiries or assistance, feel free to call us at 320-243-7022. Join us today and discover how Magnifi Financial can help you achieve your financial goals! Visit our website at www.mymagnifi.org for more information or stop by during our operating hours: 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. We look forward to serving you!

Branch History & Mission

Join Us!

We invite you to become part of the Magnifi Financial family. Experience the benefits of being a member whether you're looking for simple banking solutions or comprehensive financial advice. With a dedicated team ready to assist you every step of the way and a commitment to making a positive impact in the community, there's no better time than now to join us! For more information about membership or to open an account today, please call us at 320-243-7022 or visit our website. Together, let's build a brighter financial future!

Modern Accessibility

In today's fast-paced world, accessibility is key. That's why Magnifi Financial has embraced digital advancements while ensuring ADA compliance so that everyone can access our services without barriers. Members can easily manage their finances through our online platform or mobile app. Plus, with convenient ATM access and drive-thru banking available at our branch, managing your money has never been easier. While members can visit us at 1025 W Main St for all their banking needs, official correspondence should be sent to our mailing address: PO Box 209, Paynesville, MN 56362.

Our Mission

At Magnifi Financial, our mission is clear: to empower individuals and families by offering accessible and affordable financial services while actively contributing to the well-being of our community. We are committed to delivering a full suite of banking options including checking and savings accounts, auto loans, mortgages, personal loans, credit cards with rewards, and business banking services. Additionally, we offer online and mobile banking solutions to ensure convenience for all members. Our dedication extends beyond just banking; it encompasses a deep commitment to community outreach. We regularly partner with local organizations and initiatives aimed at making Paynesville a better place for everyone. By investing in education and local projects, we strive to uplift those around us and foster a spirit of collaboration.

Branch Location & Accessibility

Comprehensive Services for Your Banking Needs

While you're at our Paynesville branch, take advantage of our wide range of services. From checking and savings accounts to auto loans and mortgages, we have options tailored just for you. Plus, enjoy the convenience of drive-thru banking for quick deposits and withdrawals without leaving your vehicle. And don't forget about our ATM availability accessible anytime for cash withdrawals or balance checks.

Connect with Us!

If you have questions or need assistance before visiting, feel free to call us at 320-243-7022. We're eager to help you navigate your financial journey! While members can visit us at 1025 W Main St for all their banking needs, official correspondence should be sent to the same address. We look forward to welcoming you to Magnifi Financial in Paynesville where your financial well-being is our priority!

Nearby Landmarks and Accessibility Features

Our branch is just a stone's throw away from local favorites like the Paynesville Area Center and the vibrant downtown area. With ample parking available and easy access to public transportation, visiting us is simple and hassle-free. We also prioritize accessibility for all members, ensuring that our location meets ADA standards with features like ramps and wide entryways.

Operating Hours Tailored for You

At Magnifi Financial, we understand that life can be busy. That's why we offer flexible operating hours to fit your schedule. Our lobby hours are 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. Whether you prefer an early morning visit or a late afternoon stop, we're here when you need us.

Member Eligibility

Becoming a member of Magnifi Financial is more than just opening an account; it's about joining a community that values you and your financial well-being. Located at 1025 W Main St Paynesville Mn 56362, we welcome individuals who live, work, worship, or attend school in our local area. This means that if you're part of our vibrant community, you're already eligible to join us! At Magnifi Financial, we pride ourselves on offering personalized service and a range of financial products designed to meet your unique needs. Whether you're looking for checking accounts, loans, or just some friendly financial advice, we have you covered. Ready to take the next step? Opening an account is straightforward and welcoming. You can find all the details about eligibility and how to apply by visiting this page. If you have any questions or need assistance, feel free to reach out to us at (320) 243-7022. We're excited to help you start your journey with us!

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 addition to lending, our merchant services equip you with the tools needed to streamline transactions and enhance customer experiences. Imagine a local café using our point-of-sale systems to manage orders and payments effortlessly, allowing owners to focus on what they love serving great food and connecting with customers. Visit us at 1025 W Main St Paynesville Mn 56362 in Paynesville, MN or call us at (320) 243-7022 to learn how we can help your business thrive!

Comprehensive List Of Services

Business Banking

For entrepreneurs and small business owners, we provide tailored solutions through our Business Banking services. From merchant services that simplify transactions to business loans designed to help you grow, we are here to support local businesses every step of the way.

Digital Banking

In today's fast-paced world, convenience is key. Our robust Online & Mobile Banking features allow you to access your accounts anytime, anywhere. Check balances, transfer funds, or pay bills with just a few taps on your smartphone. Additionally, enjoy ATM and cash withdrawal services at various locations for easy access to your money when you need it most.

Drive-Thru and ATM Services

Sometimes you just need to get in and out quickly. Our basic drive-thru banking allows for deposits and withdrawals without leaving your car, making errands more manageable. For those times when you're on-the-go, our ATMs are available for quick cash withdrawals and balance checks ensuring that you're never far from your funds. At Magnifi Financial, we pride ourselves on being more than just a financial institution; we are a community partner committed to helping you achieve financial well-being. If you have any questions or need assistance with any of our services, please don't hesitate to reach out by calling us at (320) 243-7022. Take control of your financial future today! Visit us at Paynesville Branch or explore more about our offerings online at our website. We look forward to serving you!

Personal Banking

We understand that managing your personal finances can be challenging. That's why we offer a range of Personal Banking options, including checking and savings accounts tailored to fit your lifestyle. Whether you're saving for a big purchase or simply looking to keep your funds secure, our accounts come with features designed for ease and convenience. When it comes to financing your next vehicle, our Auto Loans & Vehicle Financing options make it simple to get behind the wheel without breaking the bank. You can choose from competitive rates and flexible terms that suit your budget. If homeownership is on your horizon, don't miss out on our Mortgage Loans & Refinancing services. We help guide you through the process, making it easier than ever to secure a loan that meets your needs. If life throws unexpected expenses your way, our Personal Loans & Debt Consolidation services can provide quick access to cash while helping you manage existing debts more effectively. Plus, enjoy the benefits of our Credit Cards with Rewards, which offer points on every purchase perfect for those who like to earn while they spend!

Digital & Online Banking

Accessible Anytime

With Magnifi Financial, managing your finances has never been easier. Whether it's late at night or early in the morning, our 24/7 online banking services give you complete control over your accounts when it matters most. Experience the convenience of modern banking today by visiting http://www.mymagnifi.org . Join us in embracing a smarter way to manage your money anytime, anywhere!

Key Features of Our Digital Banking Services

Our online banking allows you to view your account balances, make transfers, and pay bills with just a few clicks. You can also enjoy the convenience of e-statements, which means you'll receive your account statements electronically no more waiting for the mail! Plus, with electronic signature authorization available, signing documents is quick and hassle-free. If you're always on the move, our mobile application has got you covered. Whether it's checking your balance or sending money to friends through person-to-person transfers, everything is at your fingertips. And yes, we support mobile payments too! This feature lets you make purchases directly from your phone it's fast and secure.

Security You Can Trust

We prioritize your security above all else. Our digital banking services are equipped with advanced security measures to protect your information. You can bank confidently knowing that every transaction is safeguarded.

Financial Strength

Growing Together

Total Share and Deposit Accounts stand at 263,613, showing a strong and growing member base that trusts us with their finances. With available net shares (funds available for lending and investments) at $13,451,924, we're poised to support your financial journey every step of the way. 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 1025 W Main St Paynesville Mn 56362 or call (320) 243-7022 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

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 members' financial goals across various sectors with $9,159 in used auto loans and $1,840,291,835 in total loans and leases.

Member-Centric Savings

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 success is reflected in our $6,286,885, which showcases our operational efficiency. This performance 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, committed team.

Solid Financial Foundation

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 $1,091 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

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. We provide financing for both new and used vehicles, ensuring you can find a solution that works for you.

Business Financing

For business owners, our outstanding commercial loans totaling $1,035,815,009 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to enhance your existing business operations, we're here to support you.

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 offer competitive rates and flexible terms to help you secure the home you've always wanted.

Refinancing Options

If you're looking to lower your monthly payments or tap into your home's equity, ask us about our refinancing options available for various loan types. We're dedicated to finding solutions that align with your financial situation. Whether you're planning for big purchases or need assistance with daily expenses, Magnifi Financial is here for you every step of the way. Reach out today at (320) 243-7022 or visit us at 1025 W Main St Paynesville Mn 56362 in Paynesville, MN to explore how we can help you achieve your financial aspirations!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $12,543,897 in loans helping members manage their finances effectively. Our credit cards come with rewards and features designed to fit your spending habits while providing peace of mind.

Loan Aggregator

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Ensuring 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 approach guarantees that users receive fair and transparent offers tailored to their needs.

MAGNIFI FINANCIAL CREDIT UNION