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

Introduction

At Mid Minnesota Federal Credit Union, we believe that everyone deserves access to financial services that not only meet their needs but also empower them to achieve their goals. Established in 1970, our commitment to our members has fostered a strong community presence in Alexandria, MN. Located at 405 50Th Ave W, Alexandria, MN 56308, our branch is dedicated to providing personalized banking solutions tailored to you. With a total membership of 63,620 and assets exceeding $755 million, we pride ourselves on being a trusted partner for all your financial needs. Our team of 172 employees, led by CEO Bob Gerads and Board President Greg Lange, works diligently to ensure that each member feels valued and supported. Whether you're looking for auto loans, mortgages, or business financing, we have the resources to help you succeed. While members can visit us at our Alexandria branch for personal service, any official correspondence should be directed to our mailing address at 13283 Isle Dr, Baxter, MN 56425-8554. At Mid Minnesota FCU, we understand the importance of community impact. With total loans amounting to 33,612 and deposits reaching $79,188,286, our financial health reflects our dedication to serving you and supporting local initiatives. We maintain a net worth of $66,341,017, ensuring stability and security for our members. Explore what we offer through convenient online banking options available at www.mmfcu.org, or reach out directly at 320-762-2686. Join us in making your financial dreams a reality today!

Branch History & Mission

Community Commitment

We are more than just a credit union; we are your neighbors. Throughout our history, we have engaged with local organizations and initiatives aimed at uplifting the Alexandria community. From financial literacy programs in schools to partnerships with local businesses, we believe in giving back and strengthening the bonds that unite us. In line with our commitment to accessibility and convenience, we offer modern banking solutions including online banking, mobile payments, and ATM services available on-site. Our drive-thru service makes banking easy for those on the go while ensuring that everyone has access to essential services without barriers.

Join Us

As we look ahead, Mid Minnesota Federal Credit Union remains dedicated to providing exceptional service grounded in community values. We invite you to join us on this journey experience firsthand what it means to be part of a cooperative that truly cares about its members' financial well-being. For any inquiries or assistance, don't hesitate to call us at 320-762-2686 or visit our website at www.mmfcu.org. Together, let's build a prosperous future for you and our beloved Alexandria community!

Our Mission

At Mid Minnesota, our mission is not just about numbers; it's about making a meaningful impact in the lives of those we serve. We strive to offer personalized banking solutions that cater to each member's unique needs while fostering financial education and well-being. Whether you need help securing a mortgage or navigating personal debt consolidation, we're here for you every step of the way. While members can visit us at 405 50Th Ave W, official correspondence should be sent to 13283 Isle Dr, Baxter, MN 56425-8554. This dual approach ensures that we remain accessible and responsive in all aspects of service.

Branch Location & Accessibility

Welcome to the Mid Minnesota Federal Credit Union, your friendly financial partner located at 405 50Th Ave W in Alexandria, MN. Conveniently situated in Douglas County, our branch is easily accessible for all your banking needs. Whether you're coming from downtown Alexandria or the surrounding areas, you'll find us just a stone's throw away from popular local spots, making it easy to drop by. While members can visit us at our Alexandria branch, official correspondence should be sent to our mailing address at 13283 Isle Dr, Baxter, MN 56425-8554. We've designed our location with your convenience in mind. With ample parking available and features that ensure ADA compliance, everyone can enjoy a smooth visit. Our operating hours are tailored to fit your busy schedule: the lobby is open Monday through Friday from 8:30 AM to 5:00 PM, while our drive-thru service is available even earlier from 7:30 AM to 5:30 PM. This means you can take care of your banking tasks without skipping a beat during your day. At Mid Minnesota Federal Credit Union, we offer various services to meet your personal and business banking needs. From checking and savings accounts to auto loans and mortgage refinancing, we have something for everyone. Plus, with our drive-thru banking option and ATM availability, accessing your funds is quick and hassle-free. If you have any questions or need assistance, feel free to call us at 320-762-2686. We look forward to welcoming you into our branch soon!

Member Eligibility

Joining the Mid Minnesota community means becoming part of a supportive family that values your financial well-being. At Mid Minnesota, located at 405 50Th Ave W Alexandria Mn 56308, we welcome individuals who live, work, worship, or attend school in our service area. If you have a family member who is already a member, you can easily join too! Becoming a member not only opens the door to personalized financial services but also gives you access to exclusive rates and benefits designed to help you thrive. Starting your journey with us is straightforward and welcoming. To learn more about the eligibility criteria and ensure you're on the right path to membership, feel free to check out the detailed information at . When you're ready to open an account, visit us or head over to https://www.mmfcu.org/business/lending/ for all the details. If you have any questions or need assistance, don't hesitate to call us at (320) 762-2686. We're excited to help you take this important step towards better financial health!

Business Banking & Commercial Services

Merchant Services That Matter

In addition to our loan offerings, our merchant services simplify payment processing so you can focus on what matters most running your business. Imagine easily accepting credit card payments while tracking sales effortlessly from one platform. This convenience not only enhances customer satisfaction but also streamlines your operations. Located at 405 50Th Ave W Alexandria Mn 56308 in Alexandria, MN, we're dedicated to fostering a strong local economy. Connect with us today at (320) 762-2686 to discover how we can support your business journey!

Tailored Loan Options

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.

Comprehensive List Of Services

Business Banking

For small business owners, we have tailored solutions that include Merchant Services to help you accept payments easily and efficiently. Our Business Loans are designed to support your growth and operational needs.

Convenient Access

At Mid Minnesota, we prioritize convenience. Our ATM services allow you quick cash withdrawals and balance checks without hassle. For those who prefer face-to-face interactions but want to avoid long lines, our Drive-Thru Banking offers basic transactions like deposits and withdrawals on-the-go. Additionally, if you are a member of a partner credit union, you can enjoy basic shared branch transactions here as well. This means more locations where you can access your funds or perform simple transactions. If you have any questions or would like to learn more about how we can assist you financially, feel free to give us a call at (320) 762-2686. We're here to help! Visit us today at 405 50Th Ave W Alexandria Mn 56308 in Alexandria, MN, and discover how Mid Minnesota is dedicated to serving all your financial needs!

Digital Banking

We believe in making banking easy and accessible. With our robust Online & Mobile Banking platforms, you can manage your accounts from anywhere at any time. Features like Mobile Payments and Person-to-Person transfers ensure that your money is always within reach. You can also access your account details through eStatements, helping you stay organized while reducing paper clutter.

Personal Banking

For individuals and families, we offer a range of personal banking options. You can manage your finances effortlessly with our Checking & Savings Accounts that come with competitive rates. If you're planning to purchase a vehicle, our Auto Loans & Vehicle Financing provide flexible terms and affordable rates. Homeownership is made easier with our Mortgage Loans & Refinancing services, guiding you through the process of buying or refinancing your home. In times of need, our Personal Loans & Debt Consolidation options can help you regain control over your finances. Plus, don't forget about our Credit Cards with Rewards, which allow you to earn points on your everyday purchases perfect for planning that next vacation!

Digital & Online Banking

Convenient Online Banking

With our robust online banking platform, available at https://www.mmfcu.org//, you can manage your accounts 24/7. Whether you're checking your balance, paying bills, or transferring funds, everything is just a few clicks away. Plus, our user-friendly interface makes it simple for everyone to navigate.

Easy Access to E-Statements

Say goodbye to paper clutter! Enjoy the convenience of e-statements Yes, which provide a clear view of your financial activity right in your inbox. It's not only eco-friendly but also ensures you have quick access to important documents. In today's fast-paced world, having reliable digital banking tools makes all the difference. At Mid Minnesota, we're committed to providing services that empower you to manage your money effectively and securely. Explore all that we offer by visiting us online today!

Mobile Banking at Your Fingertips

On-the-go? No problem! With our mobile application Yes, you can bank anytime, anywhere. Make payments with ease using our mobile payments feature Yes, and send money to friends and family through person-to-person transfers Yes.

Secure Transactions

Your security is our priority. We offer electronic signature authorization Yes for safe document handling and transactions. Rest assured that your personal information is protected as you bank online.

Financial Strength

Building Trust Together

Net Shares (Funds available for lending and investments): $5,874,579. Total Share and Deposit Accounts: 121,489, showing 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, borrowing, or planning for the future, Mid Minnesota is your trusted partner. Visit us at 405 50Th Ave W Alexandria Mn 56308 or call (320) 762-2686 to learn more about how we can help you achieve your financial goals.

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 members' financial goals across various sectors with $16,563 in used auto loans and $605,612,569 in total loans and leases.

Member Savings and Investments

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.

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.

Our Strong Financial Position

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. Whether you're considering a brand-new model or a reliable pre-owned option, our team can guide you through the process, ensuring you find the right fit for your budget.

Business Solutions

For business owners, our outstanding commercial loans totaling $39,026,967 provide the capital needed to grow and expand your business operations. From equipment financing to working capital solutions, we are here to support your entrepreneurial ambitions. --- At Mid Minnesota, we are committed to helping our members navigate their financial paths with confidence. For more information on our loan offerings or to discuss eligibility options, please don't hesitate to reach out at (320) 762-2686. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Credit Lines

For those seeking extra flexibility, our total credit lines amounting to $198,885,499 provide an accessible way to manage cash flow as needed. This option allows you to borrow only what you need while enjoying competitive rates.

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 aim to provide flexible terms and competitive rates so that owning your dream home becomes a reality. If you're looking to refinance your existing mortgage, we also offer options that could help lower your monthly payments.

Unsecured Credit Card Loans

Managing everyday expenses can be easier with our unsecured credit card loans. With a total of $11,452,566 in loans helping members manage their finances effectively, our credit cards come with flexible terms that suit various spending habits. Whether you're planning a special purchase or need assistance during unexpected expenses, we have you covered.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a commitment to transparency and reliability, LendMesh is designed to help you navigate the lending landscape with confidence. LendMesh ensures accurate loan comparisons by sourcing its data 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 guarantees that all offers are fair and transparent, allowing users to make informed decisions without hidden surprises. One of the key benefits of using LendMesh is its Verified Data feature. Loan offers are gathered from legitimate financial institutions, ensuring that you receive trustworthy information every time you compare rates. Additionally, LendMesh maintains a strict policy of No Sponsored Listings. This means that lenders are not prioritized based on paid promotions; instead, the focus is solely on delivering unbiased results. With Real-Time Rate Comparisons, users can access up-to-date loan rates from multiple institutions. This feature is essential for those looking to secure the best possible terms on their loans. 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!" Ready to find your ideal loan? Compare real-time loan offers today at LendMesh and discover the best rates for your needs. 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