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
- 23
- Members
- 85,373
- Membership Type
- Community
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 10% and a delinquency rate below 1%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
85,373 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | MAGNIFI FINANCIAL |
|---|---|
| Total Assets | $2.7B |
| Members | 85,373 |
| Loans Outstanding | $2.2B |
| Shares & Deposits | $2.2B |
| Net Worth | $298.6M |
| Net Worth Ratio | 11.18% |
| Loan-to-Share Ratio | 96.6% |
| Delinquency Rate | 0.18% |
| Net Income | +$3,002,418 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
Branch Locations
28 locations · 23 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
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Minnesota RankingsFrequently Asked Questions
MAGNIFI FINANCIAL is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, MAGNIFI FINANCIAL has 85,373 members and a potential membership field of 4,661,442 people.
MAGNIFI FINANCIAL's reported net worth ratio is 11.18% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
MAGNIFI FINANCIAL operates 28 branch locations and has access to 23 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 (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or MAGNIFI FINANCIAL. All financial data is for informational purposes only.