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 13th largest credit union in the state of Minnesota. It is also the 660th largest credit union in the nation. It was established in 1970 and as of June of 2020, it had grown to 142 employees and 48,092 members at 11 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
Employees142
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD9.45%
Annual Interest Income$8.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$476.2MM$390.8MM
LoansQ2 2020vs Q2 2019$376.3MM$337.3MM
DepositsQ2 2020vs Q2 2019$429.6MM$347.2MM
Equity CapitalQ2 2020vs Q2 2019$39.7MM$35.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.5MM$1.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.7MM$1.7MM
Real Estate OwnedQ2 2020vs Q2 2019$232.00K$397.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mid-Minnesota Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mid-Minnesota Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$5$500Youth Education Savings Account
OTHER TIERS: 0.05% $500+
1.00%*-$25kKasasa Saver
OTHER TIERS: 0.15% $25k+
0.15%--Estate Savings
0.15%*$50k*-Floating IRA Savings
OTHER TIERS: 0.10% $5 - $50k
0.10%$5-Health Savings Accounts
0.10%--WINcentive™ Savings
0.07%$5-Super Savers
0.05%$5-Regular Shares

Mid-Minnesota Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$250k*-Money Market Savings
OTHER TIERS: 0.07% Up to $25k | 0.30% $25k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k
0.10%*$10k*-Money Market Checking
OTHER TIERS: 0.05% $1.5k - $10k

Mid-Minnesota Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kKasasa Cash
OTHER TIERS: 0.15% $10k+
0.15%*$10k*-Business Dividend Checking
OTHER TIERS: 0.10% $5k - $10k
0.15%*$50k*-IOLTA Lawyers Trust Checking
OTHER TIERS: 0.10% $5k - $50k

Mid-Minnesota Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-48 Month CD
0.80%$500-36 Month CD
0.75%$500-24 Month CD
0.70%$500-18 Month CD
0.65%$500-12 Month CD
0.65%$2.5k-36 Month Add-On CD Special
0.65%$5k-36 Month Bump CD Special
0.60%$5k-24 Month Bump CD Special
0.40%$500-6 Month CD
0.28%$10-36 Month Fast Forward CD Special

Mid-Minnesota Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-48 Month IRA
0.80%$500-36 Month IRA
0.75%$500-24 Month IRA
0.70%$500-18 Month IRA
0.65%$500-12 Month IRA
0.40%$500-6 Month IRA
Locations

Availability

Minneapolis Area

Interactive local rates map


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