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 582nd largest credit union in the nation. It was established in 1970 and as of June of 2023, it had grown to 172 employees and 59,863 members at 12 locations. Mid-Minnesota Federal Credit Union's money market rates are 2X the national average, and it 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, Otter, 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 | 172 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.39% |
Return on Equity - YTD | 4.43% |
Annual Interest Income | $13.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $697.6MM$643.8MM |
Loans | Q2 2023vs Q2 2022 | $581.8MM$473.1MM |
Deposits | Q2 2023vs Q2 2022 | $628.1MM$579.1MM |
Equity Capital | Q2 2023vs Q2 2022 | $60.3MM$57.1MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.1MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.7MM$2.6MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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* 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 |
---|---|---|---|---|
2.80% | $500 | - | 48 Month IRA | |
2.60% | $500 | - | 36 Month IRA | |
2.50% | $500 | - | 24 Month IRA | |
2.00% | $500 | - | 18 Month IRA | |
1.50% | $500 | - | 12 Month IRA | |
1.40% | $500 | - | 6 Month IRA |