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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Magnifi Financial Credit Union Rates & Review April 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: April 20, 2026
You can compare Magnifi Financial Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 1.87%, 6-month share certificate rates at 3.81% and 3-month share certificate rates at 0.50%. Savings rates are at 0.05% and money market rates are at 0.25%. Mortgage rates on 30-year fixed loans are around 5.78%. All these rates can be compared to Magnifi Financial Credit Union rates. MonitorBankRates evaluates the financial stability of Magnifi Financial Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.48%. Rates were last updated on 04/20/2026. Magnifi Financial Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Magnifi Financial Credit Union? Share your experience about Magnifi Financial Credit Union by leaving a review below, or read customer reviews before you decide to use Magnifi Financial Credit Union. Magnifi Financial Credit Union
Administration Center 20 4th Ave SE
https://www.mymagnifi.org Melrose, MN 56352 
Current Rate AvailabilityWe do not have Magnifi Financial Credit Union rates right now, but we are constantly updating our database so check back often for updated rates. Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Magnifi Financial Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Magnifi Financial Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Magnifi Financial Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Magnifi Financial Credit Union
Website
https://www.mymagnifi.org
Address
20 4th Ave SE,
Melrose, MN 56352
Phone
320-256-3669
Fax
320-256-4532
President
Steven Danzl
CEO
Charles Friederichs
Full-Time Employees
418
Part-Time Employees
2
Branch Locations
27
ATM Locations
22
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (98/100)
Texas Ratio
3.48%
Return on Assets (ROA)
0.4216%
Return on Equity (ROE)
3.8124%
Non-Performing Loans Ratio (NPL)
0.47%
Total Assets
2,573,714,464
Total Amount of Shares and Deposits
2,131,457,043
Total Shares and Deposits < 1 Year
2,033,705,678
Total Shares and Deposits 1 3 Years
92,630,876
Total Shares and Deposits > 3 Years
5,120,490
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
269,102,862
Total Uninsured Shares and Deposits > $250K (F+J)
278,837,076
Total Insured Shares and Deposits > $250K (item 17 less item K)
1,852,619,967
Total Interest Expense (Sum of items 6 8)
39,766,339
Share Certificates
20,176
Number of Accounts for Share Drafts
60,502
IRA KEOGH Accounts
3,008
Number of Accounts for Regular Shares
156,465
All other shares
3,217
Non Member Deposits
413
Money Market Shares
21,951
Net Income (unless the amount is already included in Undivided Earnings)
10,851,714
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
71,251,521
Total Liabilities
2,303,497,207
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Magnifi Financial Credit UnionIs Magnifi Financial Credit Union a safe place to deposit money?Yes, Magnifi Financial Credit Union is considered a safe financial institution. With a Texas Ratio of 3.4800394202454%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does Magnifi Financial Credit Union operate?Magnifi Financial Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Magnifi Financial Credit Union?Yes, to access services at Magnifi Financial Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Magnifi Financial Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Magnifi Financial Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Magnifi Financial Credit Union offer online and mobile banking?Most modern institutions like Magnifi Financial Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mymagnifi.org. Compare to Other Credit Unions
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