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The Lender Report built this page from public records. Magnifi Financial Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Magnifi Financial Credit Union itself. Each figure shows its source and date. Work at Magnifi Financial Credit Union? You can claim this page for free.
Credit union, Melrose, MN
Magnifi Financial Credit Union
A credit union based in Melrose, MN. Its commercial book is led by non-owner-occupied CRE and multifamily. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $1.40B
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 93
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 289
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $2.75B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 320-256-3669 From the NCUA record, June 30, 2026.
- Website
- www.mymagnifi.orgFrom the NCUA record, November 9, 2026.
- Commercial lending page
- mymagnifi.orgFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- MAGNIFI FINANCIAL; Magnifi Financial CUNCUA 5300,
- Address
- 20 4th Ave SE, Melrose, MN 56352NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Magnifi Financial Credit Union originated 14 multifamily loans in 2025, versus 7 in 2024. HMDA,
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 283 under Preferred Lender authority.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 19.1% to $317.9M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Multifamily balance rose 17.6% to $267.1M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Tennessee | SBA 7(a), Limited-Service Restaurants | $740K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), Pet and Pet Supplies Retailers | $350K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Connecticut | SBA 7(a), Transportation and Warehousing | $350K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Georgia | SBA 7(a), All Other Specialty Trade Contractors | $290K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Maryland | SBA 7(a), Diet and Weight Reducing Centers | $280K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Missouri | SBA 7(a), Hobby, Toy, and Game Retailers | $270K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Wisconsin | SBA 7(a), Fitness and Recreational Sports Centers | $240K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Colorado | SBA 7(a), Pet and Pet Supplies Retailers | $230K | 9.5% | 9 yr | SBA FOIA | |
| Sep 2026 | Florida | SBA 7(a), Janitorial Services | $180K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Georgia | SBA 7(a), Limited-Service Restaurants | $410K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Florida | SBA 7(a), Janitorial Services | $350K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | New Mexico | SBA 7(a), All Other Amusement and Recreation Industries | $350K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Oklahoma | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $350K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Tennessee | SBA 7(a), Interior Design Services | $340K | 9.5% | 10 yr | SBA FOIA | |
| Feb 2026 | Minnesota | SBA 504, RV (Recreational Vehicle) Parks and Campgrounds | $1.6M | 25 yr | SBA FOIA | ||
| 2025 | Oregon | Improvement, 50 to 99 units | $8M | 7.3% | 5 yr | 71% | HMDA 2025 |
| 2025 | Cass County, ND | Refinance, 25 to 49 units | $820K | 6.99% | 5 yr | 43% | HMDA 2025 |
| 2025 | Hennepin County, MN | Purchase, 50 to 99 units | $10M | 6.5% | 10 yr | 78% | HMDA 2025 |
| 2025 | Cass County, ND | Refinance, 25 to 49 units | $620K | 6.75% | 5 yr | 52% | HMDA 2025 |
| 2025 | Minnesota | Refinance, 5 to 24 units | $160K | 6.75% | 5 yr | 80% | HMDA 2025 |
| 2025 | Itasca County, MN | Other purpose, 50 to 99 units | $8.4M | 6.65% | 15 yr | 73% | HMDA 2025 |
| 2025 | Eau Claire County, WI | Refinance, 100 to 149 units | $22M | 6.63% | 5 yr | 66% | HMDA 2025 |
| 2025 | Polk County, MN | Purchase, 5 to 24 units | $260K | 6.75% | 5 yr | 64% | HMDA 2025 |
| Jul 2025 | Minnesota | SBA 504, All Other Personal Services | $520K | 25 yr | SBA FOIA | ||
| Jun 2025 | Minnesota | SBA 504, All Other General Merchandise Retailers | $750K | 25 yr | SBA FOIA | ||
| 286 SBA 7(a) loans since October 2023, net of cancelled | $81.0M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $267M | 11.8% | +17.6% | 79 | $3.38M |
| Construction and land development | $259M | 11.4% | -12.3% | 48 | $5.39M |
| Owner-occupied CRE | $229M | 10.1% | +17.9% | 283 | $809K |
| Non-owner-occupied CRE | $318M | 14.1% | +19.1% | 461 | $690K |
| Farmland | $158M | 7.0% | +0.8% | 503 | $313K |
| Commercial and industrial | $166M | 7.3% | +17.3% | 1,092 | $152K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $1.40B |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $1.23B |
| Q4 2023 | $1.28B |
| Q1 2024 | $1.28B |
| Q2 2024 | $1.28B |
| Q3 2024 | $1.21B |
| Q4 2024 | $1.21B |
| Q1 2025 | $1.27B |
| Q2 2025 | $1.28B |
| Q3 2025 | $1.30B |
| Q4 2025 | $1.31B |
| Q1 2026 | $1.32B |
| Q2 2026 | $1.40B |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 14 | $101M | $7.99M | $22M | HMDA, |
| Multifamily, 5 or more units | 2024 | 7 | $30.4M | $1.00M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 74 | $30.1M | $170K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 286 | $81.0M | $250K | $1.3M | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 103 | $31.9M | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 3 | $2.90M | $750K | $1.6M | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 93 | $128M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 6 | $18.6M | NCUA 5300, | ||
| Construction | First half of 2026 | 8 | $27.6M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 17 | $29.2M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 40 | $43.2M | NCUA 5300, | ||
| C&I | First half of 2026 | 203 | $43.5M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: its name and state.
| Book | Average loan |
|---|---|
| Construction and land development | $5.39M |
| Multifamily | $3.38M |
| Owner-occupied CRE | $809K |
| Non-owner-occupied CRE | $690K |
| Farmland | $313K |
| Commercial and industrial | $152K |
| Industry | Loans | Dollars |
|---|---|---|
| Fitness and Recreational Sports Centers | 24 | $9.27M |
| Limited-Service Restaurants | 19 | $6.34M |
| Janitorial Services | 17 | $3.52M |
| Snack and Nonalcoholic Beverage Bars | 13 | $5.14M |
| Residential Remodelers | 11 | $2.08M |
| Other Personal Care Services | 10 | $4.02M |
| All Other Amusement and Recreation Industries | 10 | $3.43M |
| Full-Service Restaurants | 9 | $3.26M |
| Home Health Care Services | 9 | $1.20M |
| Painting and Wall Covering Contractors | 8 | $1.49M |
Other lenders in these fields: SBA lenders for gyms and fitness businesses, SBA lenders for restaurants, SBA lenders for construction trades.
Programs on record: Federal Home Loan Bank member, Des Moines district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Minnesota HQ | 27 | 9 | 68 | 15 | 3 |
| North Dakota | 2 | 3 | 3 | 0 | 0 |
| Texas | 0 | 0 | 0 | 48 | 0 |
| Florida | 0 | 0 | 0 | 31 | 0 |
| Georgia | 0 | 0 | 0 | 19 | 0 |
| California | 0 | 0 | 0 | 16 | 0 |
| North Carolina | 0 | 0 | 0 | 16 | 0 |
| Pennsylvania | 0 | 0 | 0 | 11 | 0 |
| Tennessee | 0 | 0 | 0 | 11 | 0 |
| Virginia | 0 | 0 | 0 | 9 | 0 |
| Wisconsin | 0 | 1 | 3 | 4 | 0 |
| New York | 0 | 0 | 0 | 7 | 0 |
Also in OH, CO, IL, IN, NJ, SC, AL, AZ, MI.
| Metro | Recorded loans | Dollars |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $46.3M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $337M | $131M to $618M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $1.66B | $41.8M to $703M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 491.6% | 8.9% to 221.6% across 8 peers | Business loans outstanding over the estimated cap. | NCUA 5300, |
| Largest single borrower | $45.6M | $17.1M to $66.5M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 277.5% | 12.9% to 152.2% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 82.2% | 56.2% to 83.3% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- Preferred Lender authority
- 283 loans (99.0%)
- Approval to first disbursement
- 9.5 days, median of 272
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| City & County Credit Union | MN | $1.17B | $115M |
| Blaze Credit Union | MN | $4.85B | $429M |
| Affinity Plus Credit Union | MN | $5.05B | $65.9M |
| Members Cooperative Credit Union | MN | $1.16B | $203M |
| Ideal Credit Union | MN | $1.07B | $53.3M |
| Topline Financial Credit Union | MN | $1.12B | $115M |
| Black Hills Credit Union | SD | $2.38B | $352M |
| Allegacy Financial Credit Union | NC | $2.59B | $554M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Magnifi Financial Credit Union, NCUA charter 68604. Compare it with the regulator's record. [NCUA profile]
- Balances. $2.75B in total assets and $1.40B in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 93 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 384 loans in HMDA and SBA files, through September 30, 2026: 14 HMDA multifamily 2025, 7 HMDA multifamily 2024, 74 HMDA 1-4 unit investor 2025, 286 SBA 7(a) in 36 months, 3 SBA 504 first liens in 36 months. [How each file was tied to Magnifi Financial Credit Union]
- Phone and website. Phone 320-256-3669, from the NCUA record. Website mymagnifi.org, from the NCUA record. [How to reach them]
Something wrong? Report it with evidence. It is free, and it works the same for every lender whether it pays or not. Report an error
For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 68604
- RSSD
- 737696
- LEI
- 549300LUSWY3HVRZHF54
- The Lender Report ID
- lr_000668
- Main office county
- Stearns
- Members
- 85,603
- NCUA region
- 3 - Western
NCUA credit union details,
- Reported $2.8B in total assets as of June 30, 2026 (NCUA 5300).
- Held $1.4B of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $317.9M of non-owner-occupied commercial real estate loans as of June 30, 2026, up 19.1% from a year earlier (NCUA 5300).
- Held $267.1M of multifamily loans as of June 30, 2026, up 17.6% from a year earlier (NCUA 5300).
- Held $258.7M of construction and land loans as of June 30, 2026 (NCUA 5300).
- Originated 14 multifamily loans totaling $101.4M in 2025 (HMDA).
8 more sentences
- Originated 7 multifamily loans totaling $30.4M in 2024 (HMDA).
- Originated 74 1-4 unit investor or business-purpose loans totaling $30.1M in 2025 (HMDA).
- Recorded 297 SBA 7(a) approvals totaling $83.5M from October 1, 2023 to September 30, 2026, of which 11 were later cancelled (SBA).
- Provided the first lien on 3 SBA 504 projects with $2.9M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 93 real-estate-secured commercial loans totaling $128.1M in the first half of 2026 (NCUA 5300).
- Bought $1.2M of commercial loan participations from January 1 to June 30, 2026 (NCUA 5300).
- Held $160.5M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 29 offices in 2 states (NCUA).
Cite this
Source: The Lender Report, Magnifi Financial Credit Union, https://lender.report/lender/magnifi-financial-credit-union-mn/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
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Work at Magnifi Financial Credit Union? Claim this page, free.
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