MAGNIFI FINANCIAL
Melrose, MN · State Credit Union · Chartered in MN
Who can join
Type 99
Members
85,373
Net Worth Ratio
11.18%
min. 7% = Well Capitalized
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
At a Glance
Total Assets
$2.67B
Peer Group 6
Members
85,373
as of latest quarter
Net Worth Ratio
11.18%
Well Capitalized
Institution Profile
NCUAWebsite
Phone
Address
Chartered
Branch Locations
Financial Snapshot
Total Assets
$2.67B
Total Shares
$2.24B
Total Loans
$2.16B
Net Income
$3.0M
Net Worth Ratio
11.18%
≥7% = Well Capitalized
Members
85,373
Return on Assets
0.11%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.09%
$1.9M
Loan-to-share ratio: 96.6%· healthy range 60–80%
Branch Locations
NCUAAdministration Center
20 4th Ave SE, Melrose, MN, 56352
Monday - Friday 8:00 AM to 5:00 PM
Melrose Branch
320 E Main St, Melrose, MN, 56352
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Sauk Centre Branch
1181 Main ST S, Sauk Centre, MN, 56378
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Cold Spring Branch
208 3rd Ave S, Cold Spring, MN, 56320
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Long Prairie Branch
701 Lake St S, Long Prairie, MN, 56347
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Paynesville Branch
1025 W Main St, Paynesville, MN, 56362
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Avon Branch
209 Avon Ave S, Avon, MN, 56310
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
St Joseph
1300 Elm St E, Saint Joseph, MN, 56374
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Grey Eagle Branch
114 Woodman ST N, Grey Eagle, MN, 56336
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Freeport Branch
107 1st Ave N, Freeport, MN, 56331
Monday thru Friday 8:00 AM to 5:00 PM.
18 more locations not shown.
Mortgage Lending (HMDA)
Credit unions that originate mortgages report Home Mortgage Disclosure Act (HMDA) data to the CFPB. This data covers application volumes, approvals, denials, and borrower demographics.
Consumer Complaints
No CFPB complaint data available for this credit union.
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<a href="https://bankscorer.com/credit-union/magnifi-financial" target="_blank" rel="noopener">View MAGNIFI FINANCIAL on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.