MAGNIFI FINANCIAL
State-Chartered • MELROSE, Minnesota • Est. 1939
Quick Facts
- Charter Number
- #68604
- Type
- State-Chartered
- Established
- 1939
- Headquarters
- MELROSE, Minnesota 56352
- Address
- 20 4TH AVE SE
- Branches
- 28
- ATMs
- 22
- Members
- 84,945
- Membership Type
- Community
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Exceptionally well-capitalized with outstanding net worth ratio, very low delinquency, and strong earnings. One of the most financially sound credit unions in the country.
Financial Overview
Total Assets
Members
84,945 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | MAGNIFI FINANCIAL |
|---|---|
| Total Assets | $2.6B |
| Members | 84,945 |
| Loans Outstanding | $2.1B |
| Shares & Deposits | $2.1B |
| Net Worth | $292.2M |
| Net Worth Ratio | 11.20% |
| Loan-to-Share Ratio | 100.0% |
| Delinquency Rate | 0.36% |
| Net Income | +$26,451,688 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
28 locations · 22 ATMs
Administration Center
Main Office20 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
Who Can Join MAGNIFI FINANCIAL?
Membership Type: Community
Membership eligibility for MAGNIFI FINANCIAL may vary. Contact the credit union directly to confirm qualification requirements.
Contact MAGNIFI FINANCIAL directly or visit their website for the most accurate and up-to-date membership eligibility information.
Find More Credit Unions in Minnesota
Browse all federally insured credit unions in Minnesota, ranked by assets, members, and financial health score.
View Minnesota RankingsFrequently Asked Questions
Yes. MAGNIFI FINANCIAL is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, MAGNIFI FINANCIAL has 84,945 members and a potential membership field of 4,661,442 people.
MAGNIFI FINANCIAL's net worth ratio is 11.20% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 11.2%, MAGNIFI FINANCIAL meets this threshold.
MAGNIFI FINANCIAL operates 28 branch locations and has access to 22 ATMs. The main office is located at 20 4th Ave SE, Melrose, MN 56352.
MAGNIFI FINANCIAL was established in 1939. It is a state-chartered credit union chartered under charter number 68604. The institution has been serving members for 87 years.
Data sourced from the NCUA Quarterly Call Report (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or MAGNIFI FINANCIAL. All financial data is for informational purposes only.