Mid Minnesota Credit Union Ada MN | Affordable Auto Loans & Business Banking

Introduction

Welcome to Mid Minnesota Federal Credit Union, your trusted financial partner in Ada, MN! Since our establishment in 1970, we've been committed to helping our community thrive through tailored financial solutions and exceptional member service. Located conveniently at 104 3Rd Ave W, Ada, MN 56510, we take pride in being a part of this vibrant community. For any official correspondence, please send it to our mailing address at 13283 Isle Dr, Baxter, MN 56425-8554. At Mid Minnesota FCU, we understand the importance of building strong relationships with our members. With over 63,620 members and total assets amounting to an impressive $755,038,729, we are dedicated to providing reliable services that meet your needs. Our total deposits stand at $79,188,286, showcasing the trust our members place in us. Under the leadership of our CEO, Bob Gerads, and Board President Greg Lange, we focus on ensuring a secure and rewarding banking experience for everyone. Our team of 172 employees is here to assist you with everything from personal banking and vehicle loans to business financing and online banking services. With an emphasis on community impact and member satisfaction, we invite you to explore the various financial products we offer. Whether you're looking for auto loans, mortgages, or personal loans, we're here to guide you every step of the way. Ready to take the next step? Visit us at our branch or give us a call at 218-784-2222 today! Your financial journey starts here at Mid Minnesota Federal Credit Union.

Branch History & Mission

Join Us

We invite you to become part of the Mid Minnesota family! Experience firsthand how we're dedicated not just to your financial well-being but also to enriching the community around us. Call us today at 218-784-2222 or visit our website for more information on how you can start your journey with us!

Modern Services

In this digital age, we've embraced technology to enhance member experiences. With features like online banking, mobile payments, and e-statements, managing your finances has never been easier or more accessible. Additionally, we ensure that all our services comply with ADA standards, so everyone can enjoy equal access. For those who prefer personal interaction, we offer convenient drive-thru services and ATM access. While members can visit us at 104 3rd Ave W, official correspondence should be sent to 13283 Isle Dr, Baxter, MN 56425-8554. As part of our dedication to serving you better, we're proud to operate a shared service center as well. This allows members from partner credit unions to perform basic transactions right here at our branch.

Our Mission

The mission of Mid Minnesota is clear: to empower our members through affordable financial services while nurturing the communities we serve. We understand that banking isn't just about numbers; it's about relationships and support. That's why we offer a range of personal banking options from checking and savings accounts to auto loans and mortgages tailored to meet the unique needs of each member. Our commitment extends beyond financial services. We believe in giving back to Ada and surrounding areas through partnerships and community outreach initiatives. Whether it's sponsoring local events or supporting educational programs, we strive to make a positive impact.

Branch Location & Accessibility

Welcome to Mid Minnesota Federal Credit Union, your friendly financial partner located at 104 3Rd Ave W in beautiful Ada, MN. Our branch is easily accessible, nestled right in the heart of Norman County, making it convenient for you to stop by whenever you need assistance. Whether you're heading to the nearby parks or visiting local shops, we are just a stone's throw away from everything that makes Ada special. While members can visit us at our branch address, official correspondence should be sent to our mailing address at 13283 Isle Dr, Baxter, MN 56425-8554. Our inviting location ensures that all your banking needs are met with ease and comfort. We offer ample parking spaces right outside our doors and have made sure our facilities are ADA compliant to accommodate all members. At Mid Minnesota, we understand that your time is valuable. That's why we have flexible operating hours! Our lobby is open Monday through Friday from 8:30 AM to 4:30 PM, while our drive-thru service is available from 8:00 AM to 5:00 PM. This allows you to choose the option that best fits your schedule for quick transactions like deposits or withdrawals. You'll also find an ATM conveniently located on-site for those times when you need cash quickly. Plus, if you're a member of another participating credit union, feel free to take advantage of our shared service center for even more banking options. Our friendly team is ready to help with everything from personal banking services like checking and savings accounts to auto loans and mortgages. If you're looking for reliable support with a smile, give us a call at 218-784-2222 or better yet, come visit us today! We can't wait to serve you at Mid Minnesota Federal Credit Union!

Member Eligibility

Joining the Mid Minnesota family means becoming part of a warm and welcoming community that prioritizes your financial well-being. At our Ada branch, located at 104 3Rd Ave W, we open our doors to anyone who lives, works, worships, or attends school in our service areas. This inclusive approach ensures that everyone can enjoy the benefits of membership, from personalized financial advice to access to a variety of banking services designed just for you. Becoming a member is as simple as reaching out! Just give us a call at 218-784-2222 or check out the eligibility details on our website for up-to-date information: . Once you're ready, you can easily open an account online by visiting https://www.mmfcu.org/business/lending/. We can't wait to welcome you into our community and help you achieve your financial goals!

Business Banking & Commercial Services

Lending Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $260 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $39,026,967, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine this: You're running a bustling café, and during peak hours, your customers want quick payment options. Our merchant services make it easy for you to accept payments on the spot, ensuring a smooth experience for both you and your customers. This not only enhances customer satisfaction but also helps streamline your operations. If you're located in or around Ada, MN, visit us at 104 3Rd Ave W Ada Mn 56510 or call us at (218) 784-2222 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about getting a new car? Our auto loans and vehicle financing options are here to help you hit the road without breaking the bank. We provide competitive rates to make your dream car a reality, ensuring the process is smooth from application to approval.

Business Banking

If you're a business owner, we offer specialized business banking services including merchant services and business loans. We know how important it is to keep your operations running smoothly, so we provide tools that support growth while managing cash flow effectively.

Convenient Access

Accessibility is key at Mid Minnesota. With ATM services available for easy cash withdrawals and drive-thru banking for quick deposits or transactions, managing your finances has never been more convenient. Plus, our shared branch transactions allow partner credit union members to conduct basic deposits and withdrawals right here! With all these services at your fingertips, there's no better time than now to take advantage of what Mid Minnesota Federal Credit Union has to offer. Whether you're in-person or using our digital banking features from home, we're committed to providing excellent service every time. If you have questions or want more information about any of our offerings, don't hesitate to call us at (218) 784-2222. Join us at Mid Minnesota today and discover how we can help meet your financial needs!

Credit Cards with Rewards

For those who enjoy rewards for their spending, our credit cards come packed with benefits. Earn points on purchases that can be redeemed for cash back, travel, or merchandise turning everyday spending into exciting opportunities.

Mortgage Loans & Refinancing

Purchasing a home is one of the biggest decisions you'll make, and we're here to make it as seamless as possible. Our mortgage loans and refinancing options come with personalized guidance, allowing you to navigate your choices with confidence. Whether you're buying your first home or looking to refinance an existing mortgage, we've got you covered.

Personal Banking

For those looking to manage their day-to-day finances, our personal banking services are tailored just for you. We offer checking and savings accounts that fit various lifestyles, whether you're saving for a rainy day or just need a simple account for everyday transactions. Imagine being able to access your funds anytime through our online and mobile banking platforms making payments and checking balances has never been easier!

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, but with our personal loans and debt consolidation services, you can tackle these challenges head-on. These flexible options allow you to consolidate high-interest debts into one manageable payment, making it easier for you to regain control over your finances.

Digital & Online Banking

Key Services

With our online banking platform, accessible at https://www.mmfcu.org//, you can perform a variety of tasks right from your computer or mobile device. Whether you're checking your balance, transferring funds, or paying bills, it's all just a few clicks away. Plus, our 24/7 online banking ensures that you have access to your account whenever you need it. For those who prefer using their smartphones, our mobile application makes banking even more straightforward. You can deposit checks, make person-to-person transfers, and even set up mobile payments all with just a few taps on your screen. We know how busy life can get; that's why our app is designed for easy navigation and quick access to all essential features.

Security & Accessibility

Your security is our top priority. We utilize electronic signature authorization for your peace of mind when signing important documents digitally. Additionally, e-statements are available so you can keep track of your transactions without the clutter of paper statements. This not only helps protect the environment but also makes it easier to review your financial history. Our mobile payments feature allows you to make purchases securely without needing cash or cards just another way we're making banking as convenient as possible for you. And if you're ever in need of assistance, our team is just a phone call away at (218) 784-2222. In summary, Mid Minnesota offers a comprehensive suite of digital and online banking services designed to give you control over your finances in a safe and user-friendly manner. Experience the freedom of banking anytime, anywhere!

Financial Strength

Commitment to Growth

With $59,916,375 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 across various sectors with $16,563 in used auto loans and $605,612,569 in total loans and leases.

Growing Member Trust

Total Share and Deposit Accounts: 121,489, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $5,874,579 further showcases our ability to meet your needs now and in the future. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Mid Minnesota is your trusted partner. Visit us at 104 3Rd Ave W Ada Mn 56510 or call (218) 784-2222 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.

Operational Efficiency

Our $2,922,061 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 171 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Opportunities

Members' savings are secured through $209,716,723 in share certificates and $36,946,420 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Foundation

With a net worth of $66,341,017, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $878 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 $255,596,980 in used vehicle loans and $91,993,699 in new vehicle loans already helping members get on the road. We provide competitive financing options whether you're buying a new or used vehicle. Plus, if you're considering refinancing your current auto loan, we can help you explore eligibility options that may lower your monthly payments.

Business Financing

For business owners, our outstanding commercial loans totaling $39,026,967 provide the capital needed to grow and expand. We understand that running a business comes with unique financial needs, and we're here to support your journey. At Mid Minnesota, we are committed to providing financial solutions that work for you. If you're interested in learning more about any of our loan products or exploring refinancing options, don't hesitate to contact us at (218) 784-2222 or visit us at our branch located at 104 3Rd Ave W Ada Mn 56510 in Ada, MN. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Your financial journey starts here!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $31,443,682, make buying or refinancing simple. We take pride in guiding our members through the home financing process, ensuring that you understand your options every step of the way.

Unsecured Credit Card Loans

Managing everyday expenses can be easier with our flexible terms on unsecured credit card loans, with a total of $11,452,566 in loans helping members manage their finances effectively. This product is perfect for those who want to build credit while enjoying the convenience of easy access to funds.

Loan Aggregator

Accurate Loan 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 using verified sources guarantees fair and transparent offers for consumers looking to secure loans.

Key Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can trust that the information they receive is accurate and up-to-date. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This means you will see the best options available without being influenced by advertisements. - Real-Time Rate Comparisons: The platform provides up-to-date loan rates from multiple institutions, helping users make informed decisions based on current market conditions. Thousands of users trust LendMesh for their loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This feedback highlights how LendMesh is effectively serving its users by delivering valuable insights into loan options. Ready to find the best loan rates for your needs? Compare real-time loan offers today at LendMesh. --- Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

Mid Minnesota