Magnifi Financial Credit Union Announces New Fargo, North Dakota Location

Magnifi Financial senior leaders breaking ground at 5161 Charles Way S in Fargo in the Centennial Neighborhood. ● Photo Credit: Magnifi Financial

FARGO, N.D., July 23, 2024 (VSNewsNetwork.com) - Magnifi Financial Credit Union (Magnifi) has announced plans to open a new location in Fargo, North Dakota, marking its 26th branch in the Upper Midwest. This will be Magnifi’s second branch in the Fargo/Moorhead area, with the first located on Main Avenue in Moorhead. The new branch will be situated on Charles Way in the Centennial Neighborhood of Fargo and will be the largest credit union serving the Fargo community. This full-service financial facility will offer all Magnifi services, including commercial banking and wealth management.

Established in 1939, Magnifi Financial is Minnesota’s fifth-largest credit union and one of the leading commercial lending credit unions in the nation. Initially created to support members during the financial hardships of the Great Depression, the credit union has grown to a $2.4 billion institution.

Magnifi Financial has been 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,” said Chuck Friederichs, CEO of Magnifi Financial.

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

For more information, visit www.mymagnifi.org.

Source: Magnifi Financial Credit Union via Newswire