Magnifi Financial
Magnifi Financial is a credit union based in Melrose, Minnesota, established in 1939, with $2.7 billion in total assets serving 85,373 members. By Trust Grade it ranks 49th of 81 credit unions we track in Minnesota. Its net worth ratio of 11.2% is stronger than 59% of similarly sized credit unions, versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 0.45% return on assets. No consumer complaints against Magnifi Financial appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Magnifi Financial compares to Minnesota peers
How we graded Magnifi Financial
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.2% capital ratio)
- Profitable (ROA 0.45%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Magnifi Financial over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Magnifi Financial insured?
Yes. Magnifi Financial is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Magnifi Financial: frequently asked questions
Is Magnifi Financial a good credit union?
Magnifi Financial earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Strongly capitalized (11.2% capital ratio); Profitable (ROA 0.45%).
Is Magnifi Financial NCUA-insured?
Yes. Magnifi Financial is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Magnifi Financial?
Magnifi Financial holds $2.7 billion in total assets, ranking 49th of 81 credit unions we track in Minnesota. It serves 85,373 members.
Does Magnifi Financial have CFPB complaints?
No CFPB complaints against Magnifi Financial appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
