Charter 68604 · Melrose, MN
Magnifi Financial Credit Union
Magnifi Financial Credit Union is a state-chartered credit union in Melrose, Minnesota, with $2.75 billion in assets and 85,513 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 11.04%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $2.75 billion
- +9.6% in a year
- Members
- 85,513
- +0.9% in a year
- Net worth ratio
- 11.04%
- Peer median 10.79%
- Loans 60+ days late
- 0.21%
- Peer median 0.67%
- Loans outstanding
- $2.26 billion
- +12.0% in a year
- Shares and deposits
- $2.27 billion
- +8.2% in a year
- Branches
- 28
- 425 employees
- Opened
- 1939
- Minnesota charter
How Magnifi Financial Credit Union compares
NCUA groups credit unions by size; Magnifi Financial Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 11.04% is higher than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.21%, is lower than the group median of 0.67%. Loans grew 12.0% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 4 of 80 credit unions headquartered in Minnesota. See all Minnesota credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $2.75 billion | 85,513 | $2.26 billion | 11.04% | 0.21% |
| Q1 2026 | $2.67 billion | 85,373 | $2.16 billion | 11.18% | 0.18% |
| Q4 2025 | $2.61 billion | 84,945 | $2.15 billion | 11.20% | 0.36% |
| Q3 2025 | $2.57 billion | 84,930 | $2.12 billion | 11.06% | 0.47% |
| Q2 2025 | $2.51 billion | 84,777 | $2.02 billion | 11.22% | 0.46% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 4.7 million potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 29 sites for Magnifi Financial Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Administration Center (main office)
20 4Th Ave Se, Melrose, MN 56352 - Melrose Branch
320 E Main St, Melrose, MN 56352 - Albany Branch
641 Railroad Ave, Albany, MN 56307 - Sauk Centre Branch
1181 Main St S, Sauk Centre, MN 56378 - Cold Spring Branch
208 3Rd Ave S, Cold Spring, MN 56320 - Long Prairie Branch
701 Lake St S, Long Prairie, MN 56347 - Paynesville Branch
1025 W Main St, Paynesville, MN 56362 - Avon Branch
209 Avon Ave S, Avon, MN 56310 - St Joseph
1300 Elm St E, Saint Joseph, MN 56374 - Grey Eagle Branch
114 Woodman St N, Grey Eagle, MN 56336 - Freeport Branch
107 1St Ave N, Freeport, MN 56331 - Belgrade
218 Wells St, Belgrade, MN 56312 - New York Mills Branch
101 Main Ave N, New York Mills, MN 56567 - Perham
108 Judd St, Perham, MN 56573 - Little Falls Branch
35 E Broadway, Little Falls, MN 56345 - Moorhead Branch
1002 Main Ave, Moorhead, MN 56560 - Wadena Branch
80 Jefferson St S, Wadena, MN 56482 - Holdingford Branch
500 Main Street, Holdingford, MN 56340 - Spicer
163 Highway 23 Ne, Spicer, MN 56288 - Sartell Financial Center
300 Pine Cone Rd, Sartell, MN 56377 - Glenwood
460 Franklin St N, Glenwood, MN 56334 - Waite Park
608 2Nd St S, Waite Park, MN 56387 - Blaine
10210 Baltimore St Ne, Blaine, MN 55449 - Columbia Heights
843 40Th Ave Ne, Columbia Heights, MN 55421 - Coon Rapids
11465 Robinson Dr Nw, Coon Rapids, MN 55433 - Maple Grove
7951 Elm Creek Blvd N, Maple Grove, MN 55369 - Fargo
5161 Charles Way S, Fargo, ND 58104 - West Fargo
1950 Sheyenne St, West Fargo, ND 58078 - Blaine Branch
10903 Austin St Ne, Blaine, MN 55449
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology