Magnifi Financial Credit Union in Minnesota vs the state
10.4%Denial rate-3.22 pts vs state
12.5%Decision denial rate-3.82 pts vs state
67.3%Origination rate+0.88 pts vs state
6.25%Median rate-0.38 pts vs state
-0.16Rate spread (pts)-0.41 pts vs state
$95kMedian applicant income
926Loans originated
143Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 892 | 642 | 6.5% | 6.75% | #40 |
| 2024 | 1,263 | 854 | 9.7% | 7.00% | #30 |
| 2025 | 1,377 | 926 | 10.4% | 6.25% | #30 |
What Magnifi Financial Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Magnifi Financial Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Stearns County | 492 | 355 | 34 | 6.9% |
| Todd County | 136 | 98 | 16 | 11.8% |
| Morrison County | 86 | 64 | 4 | 4.7% |
| Anoka County | 77 | 40 | 17 | 22.1% |
| Hennepin County | 67 | 39 | 9 | 13.4% |
| Kandiyohi County | 62 | 40 | 7 | 11.3% |
| Otter Tail County | 43 | 32 | 5 | 11.6% |
| Clay County | 37 | 20 | 6 | 16.2% |
| Pope County | 35 | 26 | 0 | 0.0% |
| Wright County | 31 | 25 | 2 | 6.5% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 1,377 applications in 2025, of which 926 were originated and 143 denied.
10.4% of all applications, or 12.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Magnifi Financial Credit Union originated in Minnesota in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Magnifi Financial Credit Union's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology