Magnifi Financial Credit Union Rates and Review February 2026
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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.
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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 by leaving a review below, or read customer reviews before you decide to use . Magnifi Financial Credit Union Texas RatioMagnifi Financial Credit Union's Texas Ratio is at 3.48%, which is considered excellent. The Texas Ratio for Magnifi Financial Credit Union is lower than the national average of all banks, currently at 6.13%. The Texas Ratio is a key indicator of financial health. This indicates that Magnifi Financial Credit Union has a very low volume of non-performing assets compared to its available capital, signifying a strong balance sheet. MonitorBankRates Rating
5.0
Excellent
Out of 5.0 Stars
Magnifi Financial Credit Union has earned a Smart Rating of 5.0 out of 5 stars. 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. Overall, Magnifi Financial Credit Union is an excellent credit union worth considering, with an overall rating of 5.0 stars out of 5 stars. Current Interest RatesProduct
APY/APR
vs.Avg
"N/A" indicates the product is not offered or the rate is unavailable.
Magnifi Financial Credit Union
Administration Center 20 4th Ave SE
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 & OverviewCredit Union Name: Magnifi Financial Credit Union
Website: https://www.mymagnifi.org
Full Time Employees: 418Part Time Employees: 2 President: Steven Danzl CEO: Charles Friederichs Branch Locations: 27 ATM Locations: 22 Corporate Office Address:
20 4th Ave SE
Melrose, MN 56352 Phone Number: 320-256-3669 Fax Number: 320-256-4532 FinancialsTotal 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
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Source: NCUA Last Updated 09/30/2025
Customer ReviewsJCiJ
December 17, 2025
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Frequently Asked Questions About Magnifi Financial Credit UnionIs a member application needed to join Magnifi Financial Credit Union?Yes, to access services at Magnifi Financial Credit Union, a member application is required. Is there a first-time homebuyer program?Currently, Magnifi Financial Credit Union provides a range of mortgage and home equity products. Is Magnifi Financial Credit Union a safe place to deposit money?Yes, Magnifi Financial Credit Union is considered a safe financial institution. Your accounts are federally insured by the NCUA up to $250,000 per depositor. Does Magnifi Financial Credit Union offer online and mobile banking?Most modern institutions like Magnifi Financial Credit Union provide digital access including online balance checks and transfers. Compare to other Credit Unions |
You can compare Magnifi Financial Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.90%, 6-month share certificate rates at 1.50% and 3-month share certificate rates at 3.75%. Savings rates are at 0.05% and money market rates are at 0.50%. Mortgage rates on 30-year fixed loans are around 6.17%. All these rates, and more, can be found in our database of rates which you can compare to 
