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 651st largest credit union in the nation. It was established in 1970 and as of September of 2020, it had grown to 143 employees and 49,170 members at 11 locations. Mid-Minnesota Federal Credit Union has a B+ health rating.
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
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.
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.
Overall | |
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NCUA # | 20194 |
Year Chartered | 1970 |
Employees | 143 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.94% |
Return on Equity - YTD | 11.1% |
Annual Interest Income | $13.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $496.7MM$400.5MM |
Loans | Q3 2020vs Q3 2019 | $387.3MM$346.6MM |
Deposits | Q3 2020vs Q3 2019 | $447.6MM$356.4MM |
Equity Capital | Q3 2020vs Q3 2019 | $41.3MM$37.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $1.6MM$1.5MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.9MM$1.5MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $232.00K$397.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.85% | $500 | - | 48 Month IRA | |
0.65% | $500 | - | 36 Month IRA | |
0.60% | $500 | - | 24 Month IRA | |
0.55% | $500 | - | 18 Month IRA | |
0.50% | $500 | - | 12 Month IRA | |
0.35% | $500 | - | 6 Month IRA |