Mid Minnesota Credit Union Detroit Lakes MN | Best Auto Loans & Business Banking

Introduction

Welcome to Mid Minnesota Federal Credit Union, your trusted financial partner located at 1405 Highway 10 W, Detroit Lakes, MN 56501. Established in 1970, we have proudly served our community for over five decades, building strong relationships with our members and helping them achieve their financial goals. With a dedicated membership base of 63,620, we are committed to providing personalized service and a wide range of financial products tailored to meet your needs. At Mid Minnesota, we understand that every member's journey is unique. That's why we offer services ranging from checking and savings accounts to auto loans and business banking solutions. Our total assets stand at an impressive $755,038,729, ensuring that we have the resources to support you at every step of your financial journey. With total deposits reaching $79,188,286 and a net worth of $66,341,017, our financial health reflects our commitment to serving you responsibly and effectively. Our experienced team, led by CEO Bob Gerads and Board President Greg Lange, is here to guide you through all your banking needs. Whether you're looking for a new home loan or need assistance with online banking services, we're here for you. We also offer convenient ATM access and drive-thru services for those on the go. While members can visit us at our branch location in Detroit Lakes, official correspondence should be sent to our mailing address: 13283 Isle Dr, Baxter, MN 56425-8554. We invite you to discover how Mid Minnesota Federal Credit Union can help you reach your financial aspirations. Feel free to call us at 218-844-5540 or visit our website at mmfcu.org for more information about our services and how to become a member today!

Branch History & Mission

Welcome to Mid Minnesota, a cornerstone of community banking in Detroit Lakes, MN. Since opening our doors in 1970, we have proudly served our members with dedication and integrity. What began as a small credit union has blossomed into a thriving financial institution, now boasting a total membership of over 63,620 individuals and families who trust us to meet their financial needs. Located at 1405 Highway 10 W Detroit Lakes Mn 56501, right off the busy Highway 10 W, we are easily accessible to anyone in the area. Our branch is not just about transactions; it's about building relationships and fostering a sense of belonging within our community. While members can visit us at this location, official correspondence should be sent to 13283 Isle Dr, Baxter, MN 56425-8554 for your convenience. At Mid Minnesota, our mission is clear: to empower our members by providing exceptional financial services while supporting the local community. We believe that everyone deserves access to quality banking options, which is why we offer a wide range of products from personal checking accounts and savings plans to auto loans and business financing. Our commitment extends beyond finance; we actively engage in various community outreach efforts, ensuring that we give back to the neighborhoods that support us. Over the years, we've embraced advancements in technology to enhance member experience. With features like online and mobile banking, e-statements, and person-to-person payment services, we strive to make banking as convenient as possible. Moreover, our branch complies with ADA standards, ensuring accessibility for all members. Our operating hours reflect our commitment to serving you: from Monday through Friday, our lobby is open from 8:30 AM to 5:00 PM, with drive-thru service available starting at 7:30 AM until 5:30 PM. Additionally, we proudly provide ATM services for quick cash withdrawals and basic transactions. As part of the larger Mid Minnesota network headquartered in Baxter, MN, we continue to grow both financially with total assets reaching an impressive $755,038,729 and in our ability to serve you better. Whether you're looking for a simple deposit or advice on complex financial matters, we're here for you every step of the way. Join us at Mid Minnesota today! Experience firsthand how we can help you achieve your financial goals while making a positive impact in your community. Give us a call at (218) 844-5540 or visit our website at https://www.mmfcu.org// for more information. Together, let's build a brighter future!

Branch Location & Accessibility

Accessibility Features

At Mid Minnesota, we prioritize accessibility for all our members. Our branch is ADA compliant, ensuring that everyone can navigate our space comfortably. Parking is ample and convenient, so you won't have to worry about finding a spot when you visit us.

Conveniently Located

Our branch sits just off Highway 10, making it a breeze for members to access us from various parts of Becker County. We are near popular local spots like the Detroit Lakes City Park and the beautiful shorelines of Lake Detroit. This prime location means you can easily swing by while enjoying your day out in town.

Get in Touch

Have questions? Want to learn more about what we can do for you? Don't hesitate to reach out! Give us a call at 218-844-5540 or drop by during our operating hours. We look forward to welcoming you into our community and helping you achieve your financial goals!

Operating Hours

We know that life can get busy, which is why our lobby hours are designed with your schedule in mind. Join us Monday through Friday from 8:30 AM to 5:00 PM. If you need to stop by earlier, our drive-thru service opens at 7:30 AM and stays open until 5:30 PM perfect for those on the go!

Services Offered

At Mid Minnesota Federal Credit Union, we offer a variety of services tailored to meet your needs. From checking and savings accounts to auto loans and credit cards with rewards, we've got you covered. You'll also find convenient ATM services available right at our location. Plus, if you're part of a partner credit union, feel free to utilize our shared service center for basic transactions.

Member Eligibility

At Mid Minnesota, we're excited to welcome you into our vibrant community where members support one another and share in the benefits of being part of a credit union. To become a member, you simply need to meet a few friendly eligibility criteria. If you live, work, worship, or attend school in the area, you're likely already qualified! We aim to make this process as smooth as possible, so don't hesitate to reach out if you have any questions. You can check the detailed eligibility requirements on our website at . Once you're ready to join us at Mid Minnesota, opening an account is easy. Just visit us at our branch located at 1405 Highway 10 W Detroit Lakes Mn 56501, or you can start the process online through this link: https://www.mmfcu.org/business/lending/. We're here to assist you every step of the way, so feel free to give us a call at (218) 844-5540 if you need any help or further information. Joining us means becoming part of a caring community where your financial well-being is our priority!

Business Banking & Commercial Services

Merchant Services Made Easy

Imagine running your business with the confidence that comes from having reliable merchant services at your fingertips. Our solutions streamline payment processing, allowing you to focus on what you do best serving your customers. Accept payments easily, manage transactions efficiently, and enhance customer satisfaction with our tailored services. Located at 1405 Highway 10 W Detroit Lakes Mn 56501 in Detroit Lakes, MN, we invite you to explore how Mid Minnesota Federal Credit Union can empower your business to reach new heights. For more information, call us at (218) 844-5540 or visit our website at https://www.mmfcu.org//.

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

ATM & Drive-Thru Services

We also have an accessible ATM available for quick cash withdrawals and balance checks. For those who prefer face-to-face interactions but still value convenience, our basic drive-thru banking allows for simple transactions like deposits and withdrawals without leaving your car.

Business Banking Solutions

If you're a business owner, you'll appreciate our comprehensive business banking services. We provide essential tools like merchant services to help you process payments efficiently. Additionally, our business loans are designed to support your growth and development needs.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why Mid Minnesota Federal Credit Union offers robust online and mobile banking features that allow you to manage your finances anytime, anywhere. With access to your accounts through our secure online platform or mobile app, you can check balances, transfer funds, pay bills, and much more all at your fingertips.

Personal Banking Services

For individuals and families, we offer various personal banking options that make managing your money straightforward. Open a checking or savings account that suits your lifestyle, whether you prefer traditional accounts or want something more flexible. Our auto loans and vehicle financing options can help you get on the road without breaking the bank. If you're considering buying a home, our mortgage loans and refinancing services ensure you find the right mortgage plan for your situation. Need a little extra cash? Our personal loans and debt consolidation options can help simplify your finances by combining multiple debts into one manageable payment. Plus, with our credit cards featuring rewards, you can earn benefits while making everyday purchases.

Shared Branch Transactions

As part of our commitment to community and collaboration, we offer basic shared branch transactions for members of partner credit unions. This means if you're traveling or away from home, accessing your funds is still easy with us. At Mid Minnesota, we prioritize your financial well-being. With a variety of services designed with members in mind, we're here to support you every step of the way. Feel free to reach out at (218) 844-5540, visit us at 1405 Highway 10 W Detroit Lakes Mn 56501, or explore more about what we offer on our website: Mid Minnesota Federal Credit Union. Join us today and experience personalized service tailored just for you!

Digital & Online Banking

Key Services

One of the standout features is our 24/7 online banking services, allowing you to check balances, transfer funds, and pay bills whenever it suits you. You can also enjoy the benefits of e-statements, which help you keep track of your financial activities without the hassle of paper clutter. Plus, with electronic signature authorization available, signing documents has never been easier or more secure. Need to send money quickly? Our person-to-person transfer feature lets you send funds to friends and family in just a few taps. And if you're always on the go, you'll love our mobile application, which supports mobile payments making transactions even more straightforward right from your phone.

Security and Accessibility

At Mid Minnesota, we prioritize your security. Our online banking platform is designed with robust security measures to protect your information while offering a user-friendly experience. Whether you're using a computer or a mobile device, accessing your accounts is simple and safe. With all these features at your fingertips, managing your finances has never been more accessible or efficient. Join us today and take advantage of our digital banking tools that keep you connected and in control of your financial journey!

Financial Strength

At Mid Minnesota, 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 committed to providing a safe and reliable banking experience, and our financial strength speaks volumes about our dedication to you. 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. 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. 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 commitment to lending is evident with $16,563 in used auto loans and $605,612,569 in total loans and leases; this capacity supports your financial goals across various sectors. Our operational efficiency shines through with a net income of $2,922,061, 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 who are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $5,874,579. Total Share Accounts: 121,489, 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, borrowing, or planning for the future, Mid Minnesota is your trusted partner. Visit us at 1405 Highway 10 W Detroit Lakes Mn 56501 or call (218) 844-5540 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We've already issued over $25,559,698 in used vehicle loans and $91,993,699 in new vehicle loans to help our members get on the road. If you're considering refinancing your current auto loan or want to explore eligibility options, our team is here to assist you every step of the way.

Credit Lines and Commercial Loans

For those looking for more flexibility in their borrowing options, our credit lines total $198,885,499, providing an excellent resource for personal and business needs alike. Additionally, for business owners seeking to grow and expand their operations, we have outstanding commercial loans amounting to $39,026,967, designed to give you the capital needed for success. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. If you're ready to take the next step towards achieving your financial goals with any of these loan products or need further information about eligibility requirements and refinancing options available at Mid Minnesota Federal Credit Union, don't hesitate to reach out. You can contact us at 218-844-5540 during our operating hours: Monday - Friday Lobby: 8:30 am - 5:00 pm; Drive Up: 7:30 am - 5:30 pm. Your journey towards better financial management starts here!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $31,443,682. Our knowledgeable staff can guide you through the process and answer any questions you may have about eligibility or refinancing options.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $11,452,566 in loans helping members manage their finances effectively, these cards can be a great option for unexpected expenses or everyday purchases.

Loan Aggregator

Benefits of Using LendMesh

Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency and trustworthiness in every comparison. No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions. This approach guarantees that users see unbiased results tailored to their needs. Real-Time Rate Comparisons: Users have access to up-to-date loan rates from multiple institutions, empowering them to make informed decisions without unnecessary delays. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials reflect the reliability and effectiveness of this comparison tool. Compare real-time loan offers today at LendMesh and find 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