Magnifi Financial Credit Union

Formerly known as Central Minnesota CU

Established in 1939, Magnifi Financial Credit Union is headquartered in Melrose, Minnesota.

Main Address

20 4th Ave SE
Melrose, MN 56352

Credit Union Details

Charter Number: 68604

Year Opened: 1939

Date Insured: July 10, 1974

Peer Group: Assets more than $500 million

Credit Union Type: State chartered, federally insured credit union (FISCU)

President of the Board: Steven Danzl

Manager/CEO: Charles B. Friederichs

Employees: 389 full-time and 7 part-time employees

Members: 84,690 current members

Website

mymagnifi.org

Auto Loans

Number of New Vehicle Loans: 989

Number of Used Vehicle Loans: 8,591

Number of Total Vehicle Loans: 9,580

Amount of New Vehicle Loans: $24,245,595.00

Amount of Used Vehicle Loans: $113,767,024.00

Amount of Total Vehicle Loans: $138,012,619.00

Interest Rate of New Vehicle Loans: 7.89%

Interest Rate of Used Vehicle Loans: 8.39%

Number of Reportable Delinquent New Vehicle Loans: 5

Number of Reportable Delinquent Used Vehicle Loans: 19

Number of Total Reportable Delinquent Vehicle Loans: 24

Amount of Reportable Delinquent New Vehicle Loans: $35,576.00

Amount of Reportable Delinquent Used Vehicle Loans: $238,047.00

Amount of Total Reportable Delinquent Vehicle Loans: $273,623.00

Amount of New Vehicle Loans YTD Charge Offs: $44,704.00

Amount of Used Vehicle Loans YTD Charge Offs: $488,066.00

Amount of Total Vehicle Loans YTD Charge Offs: $532,770.00

Amount of New Vehicle Loans YTD Recoveries: $8,717.00

Amount of Used Vehicle Loans YTD Recoveries: $180,723.00

Amount of Total Vehicle Loans YTD Recoveries: $189,440.00

Consumer Vehicle Foreclosed and Repossessed Assets: $35,216.00

Branch Locations

ATM Locations

Data from https://mapping.ncua.gov/CreditUnionDetails/68604

Link To This Branch

Credit Unions Near Melrose, MN

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