Magnifi Financial Announces Fargo Location

FARGO, N.D., July 23, 2024 (Newswire.com) - Magnifi Financial Credit Union (Magnifi) is excited to announce a new location in Fargo, North Dakota, marking its 26^th location in the Upper Midwest. This will be Magnifi’s second location in the Fargo/Moorhead area, with the first location on Main Avenue in Moorhead. The new location will be on Charles Way in the Centennial Neighborhood of Fargo and will be the largest Credit Union to serve the Fargo community. Magnifi’s full-service financial facility provides access to all Magnifi services, including commercial banking and wealth management.

Magnifi is a leader in the financial industry, as Minnesota’s fifth largest credit union and one of the nation’s predominant commercial lending credit unions. Magnifi was established in 1939 to support members impacted by financial hardships during the Great Depression to help them borrow and save money. The credit union has grown to a $2.4 billion credit union united to service members and communities. 

Magnifi Financial is recognized as one of the top 1% of credit unions nationwide by Rising Above Enterprises for its exceptional performance, consistent membership growth, financial stability, prudent reinvestment strategies, operational efficiency, and a strong capital base for sustained growth.

“Magnifi has been in business for eighty-five years and has remained stable and strong. We recognize and appreciate the value of our members, employees, and communities as partners in the success of our organization. Magnifi is excited to expand its presence in the Fargo community. We are thankful for being part of our members’ lives in helping them achieve their financial goals,” says Chuck Friederichs, Magnifi Financial CEO.

The new location is anticipated to open in late 2024/early 2025.

About Magnifi Financial

Magnifi Financial is a full-service community credit union offering retail banking, commercial banking, mortgages, and wealth management services to anyone within its field of membership in Minnesota, North Dakota, and Wisconsin. Magnifi Financial serves members through an extensive network of branches and best-in-class digital services. Whether at home or on the go, members can access their accounts and manage funds with ease through a full suite of digital banking services.

Magnifi Financial invests in each member's personal financial needs and initiatives that enhance the lives of members and their communities through the Magnifi Financial Foundation. The Magnifi Financial Foundation^® funds initiatives that make a significant long-term impact on the betterment of Magnifi Financial’s members and the communities they serve.

Magnifi is committed to its core values of building up our shared communities, providing financial solutions that are easy and simple, earning the trust and respect of each member through our expertise, and doing what is right for our entire membership.

Source: Magnifi Financial Credit Union