Credit union · NCUA insured
Magnifi Financial
Top CarrotA $2.7B credit union, the 195th largest of 4,329, headquartered in Melrose, MN, with 85,373 members and 27 branches in 2 states. Best rates: CDs 4.50% and savings 0.55% APY.
Magnifi Financial Carrot Score
Carrot ScoreTop Carrot
Higher than 92% of U.S. banks and credit unions
#1 of 23 in St. Cloud, MN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Magnifi Financial
Magnifi Financial is a member-owned community credit union serving members across Minnesota, North Dakota, and Wisconsin through 27 branches and digital services.
- Headquarters
- 20 4th Ave SE, Melrose, MN 56352
- NCUA charter
- 68604
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, worship, volunteer, attend school, or conduct business in, and businesses and other legal entities in, specified counties across Minnesota, North Dakota, and Wisconsin.
Branches
27 branches in 2 states
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Minnesota
25 branches
St. Cloud area · 12
- Albany Branch641 Railroad Ave, Albany, MN 56307Directions
- Avon Branch209 Avon Ave S, Avon, MN 56310Directions
- Belgrade218 Wells St, Belgrade, MN 56312Directions
- Cold Spring Branch208 3rd Ave S, Cold Spring, MN 56320Directions
- Freeport Branch107 1st Ave N, Freeport, MN 56331Directions
- Holdingford Branch500 Main Street, Holdingford, MN 56340Directions
- Melrose Branch320 E Main St, Melrose, MN 56352Directions
- Paynesville Branch1025 W Main St, Paynesville, MN 56362Directions
- Sartell Financial Center300 Pine Cone Rd, Sartell, MN 56377Directions
- Sauk Centre Branch1181 Main ST S, Sauk Centre, MN 56378Directions
- St Joseph1300 Elm St E, St. Joseph, MN 56374Directions
- Waite Park608 2nd St S, Waite Park, MN 56387Directions
Minneapolis area · 4
- Blaine10210 Baltimore St NE, Blaine, MN 55449Directions
- Columbia Heights843 40th Ave NE, Columbia Heights, MN 55421Directions
- Coon Rapids11465 Robinson Dr NW, Coon Rapids, MN 55433Directions
- Maple Grove7951 Elm Creek Blvd N, Maple Grove, MN 55369Directions
Fergus Falls area · 2
- New York Mills Branch101 Main Ave N, New York Mills, MN 56567Directions
- Perham108 Judd ST, Perham, MN 56573Directions
Glenwood area · 1
- Glenwood460 Franklin ST N, Glenwood, MN 56334Directions
Grey Eagle area · 1
- Grey Eagle Branch114 Woodman ST N, Grey Eagle, MN 56336Directions
Little Falls area · 1
- Little Falls Branch35 E Broadway, Little Falls, MN 56345Directions
Long Prairie area · 1
- Long Prairie Branch701 Lake St S, Long Prairie, MN 56347Directions
Fargo area · 1
- Moorhead Branch1002 Main Ave, Moorhead, MN 56560Directions
Willmar area · 1
- Spicer163 Highway 23 NE, Spicer, MN 56288Directions
Wadena area · 1
- Wadena Branch80 Jefferson ST S, Wadena, MN 56482Directions
North Dakota
2 branches
- Fargo5161 Charles Way S, Fargo, ND 58104Directions
- West Fargo1950 Sheyenne St, West Fargo, ND 58078Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.04% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 0.21% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 0.63% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $100 | $88 | — |
- CapitalNet worth ratio11.04%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late0.21%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets0.63%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$100Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Magnifi Financial are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.