Magnifi Financial Expands to West Fargo, Strengthening Its Commitment to the Community

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Magnifi Financial Celebrates the Grand Opening of their New West Fargo Branch 

Magnifi Financial Credit Union (Magnifi) is excited to announce its newest branch in West Fargo, located at 1950 Sheyenne St., near Hornbacher’s. This is Magnifi’s third location in the Fargo–Moorhead area, with the first located on Main Avenue in Moorhead, followed by its Fargo branch on Charles Way. 

Magnifi’s full-service financial insitution provides access to all Magnifi services, including retail and commercial deposit accounts, loans, and wealth management. This expansion marks Magnifi’s continued commitment to serving communities across the Midwest.

Magnifi is a leader in the financial industry as Minnesota’s fourth-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, helping them borrow and save money. With $2.6 billion in assets, the local credit union remains united in serving 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 strong capital base for sustained growth. Magnifi was also recognized by Forbes as a top credit union and voted the best credit union in the Fargo–Moorhead area through the Forum Communications Best of the Best community choice award program in 2025.

 “For over eighty-five years, Magnifi has remained strong thanks to the support of our members, employees, and communities. We are deeply committed to the communities we serve and take pride in building meaningful relationships that help our members and neighborhoods thrive. We’re excited to expand our presence in this market and are grateful for the opportunity to help our members achieve their financial goals while continuing to invest in and support the local community.”

Chuck Friederichs, CEO

 

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 in 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.

In addition, Magnifi gives back through its 3 Essentials Program. For every consumer checking account, auto loan, and mortgage loan opened, Magnifi's 3 Essentials Program provides food, shelter, and clothing to local communities.

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 expertise, and doing what is right for the entire membership.