Mid-Minnesota Federal Credit Union


Overview / Commentary
218-829-0371
13283 Isle Dr
Baxter, MN 56425

Mid-Minnesota Federal Credit Union is headquartered in Baxter and is the 12th largest credit union in the state of Minnesota. It is also the 605th largest credit union in the nation. It was established in 1970 and as of December of 2022, it had grown to 171 employees and 58,253 members at 12 locations. Mid-Minnesota Federal Credit Union has an A health rating.

Field of Membership Restrictions

Mid-Minnesota Federal Credit Union offers membership to those who live, work, worship, or attend school in the Minnesota counties of Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Todd, and Wadena, and 18 townships in Aitkin County.
See current membership details

Reviews (2)

Small town banking done right

Working with Mid Minnesota is a great experience. I have been a customer since I was 5 years old and while they've updated their system with new technology, nothing has really changed. They always have the best customer service and the most competitive rates and fees in the area. When mobile apps came into design, they came out with their own and it's so convenient to use. Unless I move away from the area I will never change banks.

Best credit union around

This credit union has the best rates in the area. Excellent customer service. Mobile app is very easy to use. Have been banking here for years and will continue to use their services as long as I live in the area.



Health

Health Grade Components

Overall
NCUA #20194
Year Chartered1970
Employees171
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.56%
Annual Interest Income$21.8MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$658.2MM$606.1MM
LoansQ4 2022vs Q4 2021$552.5MM$432.0MM
DepositsQ4 2022vs Q4 2021$589.7MM$545.9MM
Equity CapitalQ4 2022vs Q4 2021$59.5MM$52.6MM
Loan Loss AllowanceQ4 2022vs Q4 2021$2.4MM$1.9MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$3.3MM$2.8MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
Rates

Rates for Mid-Minnesota Federal Credit Union are currently being reviewed.

Locations

Availability



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