Mid-Minnesota Federal Credit Union
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
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.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20194 |
| Year Chartered | 1970 |
| Employees | 171 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 6.56% |
| Annual Interest Income | $21.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $658.2MM$606.1MM |
| Loans | Q4 2022vs Q4 2021 | $552.5MM$432.0MM |
| Deposits | Q4 2022vs Q4 2021 | $589.7MM$545.9MM |
| Equity Capital | Q4 2022vs Q4 2021 | $59.5MM$52.6MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.4MM$1.9MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $3.3MM$2.8MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
