Magnifi Financial

20 4TH AVE SE, Melrose, MN 56352

NCUA Insured4.3 (20 reviews)2 charter

Verified Information

NCUA Insured

Member-Owned

2 charter

Established in 1939

Contact this credit union directly for detailed information about membership eligibility and current rates.

Membership Eligibility

Anyone who lives, works, or worships in or around Melrose, MN may be eligible to join. Community credit unions are open to the general public within their service area.

Check eligibility on their website →

Verified Information

NCUA Insured — deposits protected up to $250,000

Member-Owned — not-for-profit cooperative

2 charter

Established in 1939

Contact this credit union directly for detailed information about membership eligibility, current rates, and services.

Services Offered

Auto LoansPersonal LoansChecking AccountsMortgagesBusiness LoansCredit Cards

Location & Directions

Address

20 4TH AVE SE

Melrose, MN 56352

Google Maps 🗺Waze

(320) 256-3669

Service Area

This credit union is located in Melrose and serves members in the MN area. Currently serving 84,945 members.

Membership Info:

Contact the credit union to confirm membership eligibility requirements for your area.

Note on Membership

Credit union membership is based on a common bond. Contact this credit union directly to confirm you qualify for membership.

Financial Health

Q4 2025 · NCUA

Key indicators from NCUA regulatory filings. Tap any metric to learn what it means.

Source: NCUA Federally Insured Credit Unions list, Q4 2025.

Loan Rates

Rates sourced from NCUA call report data (Q4 2025). Contact the credit union for current rates and terms.

New Auto Loan

5.74%

Used Auto Loan

7.24%

Personal Loan

13.00%

Credit Card APR

11.90%

Important: Rates are sourced from NCUA call report filings (Q4 2025) and reflect averages reported by the credit union — not guaranteed quotes. Contact the credit union directly for current rates and terms.

Your actual rate will vary based on your credit score, loan term, and financial profile. Personal loans and credit cards tend to see the most variation.

Best Rates in MN

Lowest rates currently reported by credit unions in MN (NCUA Q4 2025).

Mayo Employees— New Auto Loan

Rochester, MN

1.99%

Crow Wing Power— Used Auto Loan

Brainerd, MN

4.29%

Pipefitters-Steamfitters— Personal Loan

Woodbury, MN

7.75%

Greater Community— Credit Card APR

Dawson, MN

6.90%

Rates from NCUA regulatory filings. Contact credit unions directly for current rates.

Branches & Locations(28 total)

Member Reviews

4.3

20 Google reviews

Reviews sourced from Google Maps. Ratings reflect member experiences at this credit union.

View on Google Maps

Jean McDonald

4 months ago

The service is exceptional especially Amy Bauer. She is consistently helpful, courteous and cares about myself as a customer. Thank you.

Makayla Kruchten

2 years ago

I LOVE banking with Magnify Financial. They are by far the best bank I have ever had an account(s) with. I’ve always had a great experience when I’ve had to deal with them no matter what it is. The branch manager in melrose, Isaac, is such a wonderful person to talk to regarding anything I’ve ever had a question about or needed, he always strives to do the best he can and doesn’t make you feel like your wasting his time, and if he couldn’t help, he’s always directed me to someone who could without being left on hold forever. Thank you Magnify for being the best bank to have an account/accounts through!

Tricia

11 months ago

Now they're charging $25 to cash a paycheck that's drawn from an account at THEIR institution, pretty sure there's laws and rules against doing that....what a JOKE!!! Pretty ticked off, I'm not spending $25 of my hard earned money for them to cash a check drawn from a business account at THEIR bank in melrose MN and the business issuing the checks is also local!!!! RUDE tellers and you stand there waiting FOREVER while they sit chatting having personal conversations. They should also realize us customers can HEAR THEM on the speaker in the drive thru so maybe they should TRY a little harder to be more professional and not make comments about customers....I'd advise AGAINST using this bank for anything

Jonathan Nietfeld

2 years ago

Magnifi Financial has been wonderful to work with. The employees are always friendly, know me by name, and they are knowledgeable about the products offered. The quality service is refreshing.

Doris Winter

a year ago

Wendy T in Melrose is the best. We had several questions regarding our checking acct and she readily answered every question that we had...she is very knowledgeable, friendly and gave us incredible customer service..... We appreciate Wendy! Thank you.