Mid Minnesota Federal Credit Union
Headquarters
13283 Isle Dr
Baxter, MN 56425
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2024 Overview
General Credit Union Information
Mid Minnesota is an NCUA insured institution located in Baxter, MN. It was founded in 1970 and has approximately $749.61 millions in assets.
Who can join?
The credit union serves all of Cass, Crow Wing, Douglas, Morrison, Todd, and Wadena Counties as well as the following townships in Otter Tail County: Blowers and Paddock.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 20194 |
| Date Established | 1970 |
| Assets | $749.61 million |
| Loans | $602.17 million |
| Deposits | $673.91 million |
| Capital | $65.28 million |
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.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
|
|
0.07% | $2,500 | $4,999 |
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|
|
Money Market
|
0.07% | $2,500 | $2,999 |
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|
|
Money Market
|
0.07% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Mid Minnesota
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Mid Minnesota
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Branches
Below are Mid Minnesota branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Mid Minnesota Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 731.69 | A | View Lobby Hours | |
| 735.04 | B | View Lobby Hours | |
| 740.16 | C | View Lobby Hours | |
| 741.73 | D | View Lobby Hours | |
| 766.04 | E | View Lobby Hours | |
| 772.16 | F | View Lobby Hours | |
| 783.82 | G | View Lobby Hours |
Climate Policy and Initiatives
MID MINNESOTA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Mid Minnesota Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Mid Minnesota. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Mid Minnesota | U.S. Average |
|---|---|
| 9.00% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Mid Minnesota had $4,586,451 in non-current loans and $1,501,890 in owned assets. To cover these potential losses it had $65,276,763 in net worth and $2,381,052 in loans loss reserves. That gives it a Texas Ratio of 9.00%.
Net Worth
| Mid Minnesota | U.S. Average |
|---|---|
| 8.7% | 13.93% |
Mid Minnesota FCU has a net worth of 8.7% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Mid Minnesota
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