Melrose, MN · State Credit Union · Chartered in MN
Who can join
State government employees (special charter)
Members
85,373
Net Worth Ratio
11.18%
min. 7% = Well Capitalized
Contact & Details
NCUAWebsite
Phone
Address
Branch Locations
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
Total Assets
$2.67B
Total Shares
$2.24B
Total Loans
$2.16B
Net Income
$3.0M
Net Worth Ratio
11.18%
≥7% = Well Capitalized
Members
85,373
Return on Assets
0.11%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.09%
$1.9M
| Year | Applications | Originated | Denials | Orig. Rate | Denial Rate |
|---|---|---|---|---|---|
| 2023 | 908 | 651 | 58 | 71.7% | 6.4% |
| 2022 | 1,164 | 843 | 68 | 72.4% | 5.8% |
No CFPB complaint data available for this credit union.
Administration Center
20 4th Ave SE, Melrose, MN, 56352
Monday - Friday 8:00 AM to 5:00 PM
Melrose Branch
320 E Main St, Melrose, MN, 56352
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Sauk Centre Branch
1181 Main ST S, Sauk Centre, MN, 56378
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Cold Spring Branch
208 3rd Ave S, Cold Spring, MN, 56320
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Long Prairie Branch
701 Lake St S, Long Prairie, MN, 56347
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
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<a href="https://bankscorer.com/credit-union/magnifi-financial" target="_blank" rel="noopener">View MAGNIFI FINANCIAL on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.
Loan-to-share ratio: 96.6%· healthy range 60–80%
Paynesville Branch
1025 W Main St, Paynesville, MN, 56362
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Avon Branch
209 Avon Ave S, Avon, MN, 56310
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
St Joseph
1300 Elm St E, Saint Joseph, MN, 56374
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Grey Eagle Branch
114 Woodman ST N, Grey Eagle, MN, 56336
Drive-up Monday thru Friday 8:00 AM to 5:00 PM. Lobby 9:00 AM to 5:00 PM Saturday Drive up only 9:00 AM to 12:00 PM
Freeport Branch
107 1st Ave N, Freeport, MN, 56331
Monday thru Friday 8:00 AM to 5:00 PM.
18 more locations not shown.