Mid-Minnesota Federal Credit Union
Mid-Minnesota Federal Credit Union is headquartered in Baxter and is the 11th largest credit union in the state of Minnesota. It is also the 564th largest credit union in the nation. It was established in 1970 and as of June of 2024, it had grown to 175 employees and 62,805 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, Otter, Todd, and Wadena, and 18 townships in Aitkin County.
See current membership details
Don't Do It...
Was member for 12 years and had debit card hacked into and they canceled me...no warning or reason...one was from gas pump another on computer..
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20194 |
| Year Chartered | 1970 |
| Employees | 175 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 5.73% |
| Annual Interest Income | $17.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $749.6MM$697.6MM |
| Loans | Q2 2024vs Q2 2023 | $602.2MM$581.8MM |
| Deposits | Q2 2024vs Q2 2023 | $673.9MM$628.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $64.9MM$60.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $3MM$3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.6MM$3.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
