TellerScore

Magnifi Financial Credit Union is a federally insured state-chartered credit union headquartered in Melrose, Minnesota, in business for about 87 years. At the end of Q2 2026 it reported $2.8B in total assets and $2.3B in member shares and deposits, with 28 offices across 2 states.

Based on its Q2 2026 filing, Magnifi Financial Credit Union scores 68/100, which we describe as moderate. That is higher than 50% of 454 credit unions with $1 billion – $10 billion. Among 80 credit unions headquartered in Minnesota, it ranks 50th. Its strongest component is loan quality (93/100; 0.21%), and its lowest is earnings (44/100; 0.61%).

TellerScore · Q2 2026

Scorecard

Capital cushion60/100
Net worth ratio: 11.04%
Loan quality93/100
Loans 60+ days delinquent ÷ total loans: 0.21%
Earnings44/100
Return on assets (annualized): 0.61%
Funding & liquidity61/100
Loans ÷ shares: 99.6% · 13.9% uninsured
Problem-loan coverage92/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 4.20%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (67 → 68).

TellerScore
646769Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202464
Q3 202468
Q4 202465
Q1 202566
Q2 202567
Q3 202565
Q4 202568
Q1 202669
Q2 202668
Net worth ratio
7.00%9.12%11.24%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 202411.17%
Q3 202410.91%
Q4 202411.24%
Q1 202511.09%
Q2 202511.22%
Q3 202511.06%
Q4 202511.20%
Q1 202611.18%
Q2 202611.04%
Delinquent loans (60+ days)
0.12%0.49%0.87%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20240.87%
Q3 20240.12%
Q4 20240.50%
Q1 20250.44%
Q2 20250.46%
Q3 20250.47%
Q4 20250.36%
Q1 20260.18%
Q2 20260.21%
Return on assets
0.34%0.52%0.70%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.64%
Q3 20240.34%
Q4 20240.35%
Q1 20250.44%
Q2 20250.64%
Q3 20250.56%
Q4 20250.70%
Q1 20260.45%
Q2 20260.61%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202668$2.8B11.04%0.21%0.61%99.6%
Q1 202669$2.7B11.18%0.18%0.45%96.6%
Q4 202568$2.6B11.20%0.36%0.70%100.0%
Q3 202565$2.6B11.06%0.47%0.56%99.4%
Q2 202567$2.5B11.22%0.46%0.64%96.2%
Q1 202566$2.5B11.09%0.44%0.44%94.0%
Q4 202465$2.4B11.24%0.50%0.35%92.2%
Q3 202468$2.5B10.91%0.12%0.34%91.0%
Q2 202464$2.4B11.17%0.87%0.64%95.2%

454 peers · $1 billion – $10 billion

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio11.04%
54th
Problem loans0.21%
95th
Net charge-offs0.20%
85th
Return on assets0.61%
31st
Loans to deposits99.6%
16th
Uninsured deposits13.9%
17th
Loan-loss reserves0.00%
50th
Texas ratio4.2%
57th

Similar-size credit unions in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Mayo Employees Federal Credit UnionCredit union Rochester, MN98 out of 100, Very strong$1.5B14.9%0.05%vs
City & County Credit UnionCredit union Saint Paul, MN76 out of 100, Strong$1.2B12.1%0.32%vs
Members CooperativeCredit union Duluth, MN59 out of 100, Moderate$1.2B10.8%1.49%vs
Topline Financial Credit UnionCredit union Maple Grove, MN61 out of 100, Moderate$1.1B10.2%0.86%vs
Ideal Credit UnionCredit union Woodbury, MN62 out of 100, Moderate$1.1B10.8%0.79%vs
Blaze Credit UnionCredit union Falcon Heights, MN61 out of 100, Moderate$4.8B8.8%1.02%vs

Deposit insurance

Is my money safe at Magnifi Financial Credit Union?

Yes. Magnifi Financial Credit Union is a federally insured credit union (NCUA charter #68604). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 13.9% of shares and deposits ($316.8M) are above the $250,000 NCUA insurance limit, above the peer median of 9%. Insured balances are protected regardless of the score.

The net worth ratio is 11.04%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

28 locations

Branches

Magnifi Financial Credit Union lists 28 offices in 26 cities across 2 states. Most locations:

  • Blaine, MN (2)
  • Melrose, MN (2)
  • Albany, MN (1)
  • Avon, MN (1)
  • Cold Spring, MN (1)
  • Columbia Heights, MN (1)
  • Coon Rapids, MN (1)
  • Fargo, ND (1)
  • Freeport, MN (1)
  • Glenwood, MN (1)
  • Grey Eagle, MN (1)
  • Holdingford, MN (1)

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Magnifi Financial Credit Union reported 1,363 home-loan applications under HMDA (LEI 549300LUSWY3HVRZHF54): 947 originated ($408,495,000 total), 147 denied, and 194 withdrawn or closed by the applicant. Its denial rate on decided applications was 12.6%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Magnifi Financial Credit Union
Type
Federally insured state-chartered credit union
NCUA charter #
68604
RSSD ID
737696
Primary regulator
State + NCUA
Established
1939
Headquarters
20 4th Ave Se, Melrose, MN 56352
Employees
425

Quick answers

Magnifi Financial Credit Union: common questions

Is Magnifi Financial Credit Union NCUA insured?

Yes. Magnifi Financial Credit Union is a federally insured credit union (NCUA charter #68604). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Magnifi Financial Credit Union's TellerScore?

68 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Magnifi Financial Credit Union have?

28 offices as of the latest NCUA data, in 2 states.

Nearby

Highest-scoring banks and credit unions with branches near Melrose

InstitutionScoreAssetsCapitalProblem loansCompare
St. Martin National BankBank Saint Martin, MN100 out of 100, Very strong$29.4M15.5%0.00%vs
American Heritage National BankBank Long Prairie, MN80 out of 100, Strong$604.7M11.9%0.00%vs
Battle Bank, National AssociationBank Upsala, MN79 out of 100, Strong$180.8M33.3%0.00%vs
Pine Country BankBank Little Falls, MN78 out of 100, Strong$380.3M10.2%0.06%vs
Freeport State BankBank Freeport, MN77 out of 100, Strong$165.5M10.7%0.00%vs
Minnesota National BankBank Sauk Centre, MN70 out of 100, Strong$298.4M9.8%0.49%vs