Credit Union Business · MN

Credit unions with business loans in Minnesota

48 credit unions with an office in Minnesota hold $1M or more of business loans. 34 of them are based here, and Magnifi Financial Credit Union holds the most among those, at $1.4B.

Evidence
Lender is a credit union with $1M or more of business loans on its books and an office in Minnesota
Data as of
June 30, 2026
Page last changed
November 11, 2026
Lenders with an office here
48
NCUA 5300,
Based here
34
NCUA 5300,
Held by those based here
$4.46B
NCUA 5300,
+8.3% from a year earlier
Median book, based here
$31.4M
NCUA 5300,

Cite this

Source: The Lender Report, Credit unions with business loans in Minnesota, https://lender.report/credit-union-business-lenders/minnesota/, data as of June 30, 2026.

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Credit unions based in Minnesota, by business loans held. First 20 of 34.
LenderKindBased inOffices hereBusiness loansGrowth, 12 months
Magnifi Financial Credit UnionCredit unionMelrose, MN27$1.40B+9.0%
Trustone Financial Credit UnionCredit unionPlymouth, MN21$1.35B+0.8%
Blaze Credit UnionCredit unionFalcon Heights, MN30$429M+4.5%
Members Cooperative Credit UnionCredit unionDuluth, MN12$203M+11.9%
City & County Credit UnionCredit unionSaint Paul, MN10$115M+54.0%
Topline Financial Credit UnionCredit unionMaple Grove, MN12$115M+22.1%
MY Credit UnionCredit unionBloomington, MN5$105M
Co-Op Credit Union of MontevideoCredit unionMontevideo, MN4$68.9M+7.5%
Mid Minnesota Credit UnionCredit unionBaxter, MN12$67.6M+37.2%
Greater Community Credit UnionCredit unionDawson, MN4$66.9M+9.9%
Affinity Plus Credit UnionCredit unionSaint Paul, MN36$65.9M+31.2%
Trustar Credit UnionCredit unionInternational Falls, MN6$60.0M+4.1%
ST. Cloud Financial Credit UnionCredit unionSartell, MN5$59.1M+36.6%
Ideal Credit UnionCredit unionWoodbury, MN7$53.3M+49.6%
Southpoint Financial Credit UnionCredit unionSleepy Eye, MN9$53.2M+23.8%
Minnesota Power Employees Credit UnionCredit unionDuluth, MN3$43.7M+8.5%
North Shore Credit UnionCredit unionSilver Bay, MN8$31.4M
First Alliance Credit UnionCredit unionRochester, MN7$26.8M+21.4%
Minnco Credit UnionCredit unionCambridge, MN8$23.1M+44.0%
Building Trades Credit UnionCredit unionMaple Grove, MN3$19.4M+0.6%
NCUA 5300,

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Based elsewhere, with offices in Minnesota. First 10 of 14.
LenderKindBased inOffices hereBusiness loans
Wings Credit UnionCredit unionColorado Springs, CO27$2.72B
Royal Credit UnionCredit unionEau Claire, WI8$1.50B
Credit Union 1Credit unionLombard, IL7$842M
Veridian Credit UnionCredit unionWaterloo, IA1$807M
Genisys Credit UnionCredit unionAuburn Hills, MI3$721M
First Community Credit UnionCredit unionJamestown, ND3$620M
Altra Credit UnionCredit unionOnalaska, WI4$423M
Notre Dame Credit UnionCredit unionNotre Dame, IN2$329M
Selfreliance Credit UnionCredit unionChicago, IL1$273M
Baxter Credit UnionCredit unionVernon Hills, IL7$160M
NCUA 5300,
  • 34 of these lenders are based in Minnesota, and 14 are based elsewhere with offices here. NCUA 5300,
  • These lenders: 48 credit unions. NCUA 5300,
  • Lenders based in Minnesota hold $4.5B of business loans, up 8.3% from a year earlier. NCUA 5300,
  • The five largest books based here hold 78.3% of that total. NCUA 5300,
  • Magnifi Financial Credit Union holds $1.4B, and Trustone Financial Credit Union holds $1.4B. NCUA 5300,
  • The median book among lenders based in Minnesota is $31.4M. NCUA 5300,
  • 17 lenders based here grew this book by 10% or more in the year to June 30, 2026. NCUA 5300,
  • 7 lenders based here hold $100M or more of it. NCUA 5300,
  • These lenders list 352 offices in Minnesota. NCUA 5300,
  • Wings Credit Union, based in Colorado, lists the most offices here among out-of-state lenders, at 27. NCUA 5300,
  • Among credit unions here, the median average loan in this category is $846K. NCUA 5300,
  • City & County Credit Union grew this book the most in the year, up 54.0% to $115.1M. NCUA 5300,

How this list is defined

Measure
business loans at credit unions held by lenders with an office in Minnesota
Period
June 30, 2026
Formula
The business loans on the credit union's latest Form 5300, for a credit union with $1M or more of them and an office in Minnesota.
Order
Largest first by the business loans held at the latest filing, then name. Payment is not part of the order.
As of
June 30, 2026
Source
NCUA 5300
Changelog
  • : First published, with the data built on this date.

Member business loans let a credit union lend to businesses its members own. Federal rules cap most of this lending.

Credit union figures come from NCUA Form 5300. A credit union lends only to its members.

Growth appears only where a book grew over the 12 months. Each lender's own page has its full record.

A lender counts here if it is a credit union with $1M or more of business loans on its books and an office in Minnesota. Lenders that merged or stopped filing are left out.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.