Magnify Credit Union

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A short history of Magnify CU

Since its inception in 1950 the Magnify Credit Union has been serving its members in the MULBERRY, Florida area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by JOHN SANTARPIA, the Magnify CU has grown its membership to over 6,284 with assets of more than $78,938,040. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (863) 425-5611 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MULBERRY, FL.

General Information For Magnify CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68344
Address P.O. BOX 427 
State Florida 
Zip-Code 33860
Phone Number (863) 425-5611
Fax Number (863) 425-9606
Email Address:
Members 6,284 
Full-Time Employees 24 
Part-Time Employees
Number of Branch Offices
Total Assets 78,938,040 

Compare Magnify Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Publix Employees CU Jacksonville Hot Site 101 Scholars Way 32239 (904) 725-4662 No 15.82
Midflorida CU 33-New Tampa 20401 Bruce B Downs Blvd 32239 (866) 913-3733 No 16.23
Florida West Coast CU KENNEDY 601 E KENNEDY BLVD 33602 (813) 226-2606 No 20.88
Grow Financial CU Main Base Branch 2418 Florida Keys Ave 33621 (813) 840-0353 No 23.28
Coast 2 Coast Financial CU Main Office 8916 Sabal Industrial Blvd 33619 (813) 621-9631 No 25.02

Magnify Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Magnify Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.00 4.72 6.70 4.78 4.42
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 160 365 517 243 158
Rank Among All Florida Credit Unions 15 70 72 42 12

Magnify Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.35 1.41 0.81
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 89 101 183
Rank Among All Florida Credit Unions N/A 22 16 10 18
Magnify Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.000197471,955
All Other Unsecured Loans/Lines of Credit 11.7105231,522,093
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 3.7309043,609,200
New Vehicle Loans 4.720711,614,478
Used Vehicle Loans 6.70092711,340,248
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.78021921,328,745
Total Other Real Estate Loans/Lines of Credit 4.420421,572,761
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.950152682,072
TOTAL LOANS & LEASES 3,03542,141,552

Magnify Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 748,461,9392423,000
    b. 15 Years or less 1257,706,0936614,400
    a. > 15 years 4765,23800
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 164,395,47500


Closed-End Fixed Rate 8146,84400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 341,425,917240,000
Open-End Fixed Rate 0000
TOTALS 26122,901,506101,077,400


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 175,783181,760
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Magnify Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes