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13283 Isle Dr
Baxter, MN 56425-8554

Mid-Minnesota Federal Credit Union is headquartered in Baxter and is the 17st largest credit union in the state of Minnesota. It is also the 784th largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 105 employees and 37,252 members. Mid-Minnesota Federal Credit Union's savings rates are 96% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships, or attends school in any of the following counties of Minnesota: Cass, Crow Wing, Douglas, Morrison, Todd, Wadena, as well as the townships of Blowers and Paddock in Otter Tail County. You are also eligible for membership if you are a blood relative of someone who lives, works, worships, or attends school in any of the above geographic regions (even if the individual is not a member of the credit union). - See Details

Related Posts

Mid-Minnesota FCU 36-month Fast Forward CD Grows with Monthly Deposits - 8/16/2014

Mid-Minnesota Federal CU's 36-month Fast Forward Certificate (1.76% APY) permits monthly deposits between $10 and $500. Credit Union membership is based on residency.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Mid-Minnesota Federal Credit Union had $2.77 million in non-current loans and owned real-estate with $29.69 million in equity and loan loss allowances on hand to cover it. This gives Mid-Minnesota Federal Credit Union a Texas Ratio of 9.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Mid-Minnesota Federal Credit Union decreased slightly from 12.69% as of March 31, 2013 to 9.33% as of March 31, 2014, resulting in a positive change of 26.48%.This indicates that the balance sheet and financial strength for Mid-Minnesota Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Mid-Minnesota Federal Credit Union has increased its total deposits by $2.23 million, resulting in 1% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Mid-Minnesota Federal Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Mid-Minnesota Federal Credit Union has $257.99 million in assets with $29.69 million in equity, resulting in a capitalization level of 11.51%, which is excellent.

Institution Statistics

NCUA #20194
Year Chartered1970
Primary Regulator
Assets and Liabilities
Assets$257.99 million
Loans$187.18 million
Deposits$225.36 million
Equity Capital$28.57 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$1.46 million
Real Estate Owned$1.31 million
Historic Data - March 2013
Assets$254.09 million
Equity Capital$26.37 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$1.46 million
Real Estate Owned$1.14 million
Profit Margin - Quarterly
Return on Assets0.76%
Return on Equity6.9%
Interest Income$2.30 million

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Mid-Minnesota Federal Credit Union Savings Account Rates

1.02%--Estate Savings
0.20%$50k-Floating Roth IRA Savings
0.20%$50k-Floating Education IRA Savings
0.20%$50k-Floating Tradition IRA Savings
0.15%$5k-Health Savings Accounts
0.07%--Super Savers
0.05%--Regular Shares
0.05%--Floating Employee Distribution IRA Savings

Mid-Minnesota Federal Credit Union Money Market Rates

0.20%$50k-Money Market Savings
0.15%$50k-Money Market Checking

Mid-Minnesota Federal Credit Union Checking Account Rates

0.20%$10k-Business Dividend Checking

Mid-Minnesota Federal Credit Union CD Rates

1.76%--36 Month Fast Forward CD Special
0.95%$500-48 Month CD
0.75%$500-36 Month CD
0.60%$500-24 Month CD
0.60%$5k-36 Month Bump CD Special
0.45%$500-18 Month CD
0.45%$2,500-36 Month Add-On CD Special
0.45%$5k-24 Month Bump CD Special
0.40%$500-12 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD

Mid-Minnesota Federal Credit Union IRA Rates

0.95%$500-48 Month IRA
0.75%$500-36 Month IRA
0.60%$500-24 Month IRA
0.45%$500-18 Month IRA
0.40%$500-12 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA

Mid-Minnesota Federal Credit Union Locations
Branch Office1220 4th St NEStaples, MN 56479
Branch Office13283 Isle DrBaxter, MN 564258554
Branch Office200 S 6th StBrainerd, MN 564013536
Branch Office30483 STATE HWY 371Pequot Lakes, MN 56472
Branch Office117 W Main StCrosby, MN 564411423
Branch Office307 1st St SELittle Falls, MN 563453005
Branch Office405 50th Ave WAlexandria, MN 56308