Mid Minnesota Federal Credit Union

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A short history of Mid Minnesota FCU

Since its inception in 1970 the Mid Minnesota Federal Credit Union has been serving its members in the BAXTER, Minnesota 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 Charles Albrecht, the Mid Minnesota FCU has grown its membership to over 40,253 with assets of more than $331,365,906. They have a main office and 10 branch offices. Please see the credit unions website or contact them by phone at (218) 829-0371 or email them at info@mmfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BAXTER, MN.

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

Charter Number 20194
Address PO BOX 2907 
City BAXTER 
State Minnesota 
Zip-Code 56425
Phone Number (218) 829-0371
Fax Number (218) 822-2455
Email Address: info@mmfcu.org
CEO/President Charles Albrecht
Members 40,253 
Full-Time Employees 126 
Part-Time Employees
Number of Branch Offices 10 
Total Assets 331,365,906 
Website http://www.mmfcu.org 

Compare Mid Minnesota Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Brainerd B. N. CU Brainerd BN Credit Union 804 Laurel St Ste 101 56401 (218) 829-9065 No 3.90
Crow Wing Power CU Corporate Office 17330 State Highway 371 56401 (218) 829-2827 No 4.76

Mid Minnesota Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Mid Minnesota Federal 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 9.99 3.59 4.59 3.49 3.49
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 253 220 277 70 55
Rank Among All Minnesota Credit Unions 23 46 48 8 5

Mid Minnesota Federal 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 0.15 0.40 0.40
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 143 124 284 243
Rank Among All Minnesota Credit Unions N/A 22 23 33 28
Mid Minnesota Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9903,5398,305,164
All Other Unsecured Loans/Lines of Credit 10.2402,5867,406,024
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 7.5001263,075,212
New Vehicle Loans 3.5901,62335,315,635
Used Vehicle Loans 4.5909,091111,378,710
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.49089362,807,304
Total Other Real Estate Loans/Lines of Credit 3.49069617,507,490
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.0902,87338,363,973
TOTAL LOANS & LEASES 21,427284,159,512

Mid Minnesota Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 313,665,24010216,161,986
    b. 15 Years or less 43330,774,709748,127,586
Balloon/Hybrid
    a. > 15 years 32916,85700
    b. 15 Years or less 24921,538,936181,557,972
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1485,911,562821,308,790
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 48513,049,331582,374,882
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2114,458,1591301,735,443
Open-End Fixed Rate 0000
TOTALS 1,58980,314,79446431,266,659

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 433,152,3271,232,935
Interest Only & Payment Option Other RE/LOC Loans 341,218,808761,862
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Mid Minnesota Federal 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 Yes
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