Thursday, August 25, 2016

MMFCU Celebrates 60 Years of Service in June

Mid-Minnesota Federal Credit Union (MMFCU) celebrated its 60th anniversary this past June with a great evening of events. We had a beautiful night that featured a visit from Minnie Mouse and a raffle for our attendees with great prizes.

The children in attendance got to enjoy a bounce house, caricatures, cotton candy, balloon art, and more. Our attendees also got to eat some delicious pulled pork sandwiches. It was great to see such a big turnout by our members and community! It added to the excitement of our anniversary celebration.

As part of the celebration, MMFCU’s President/CEO, Chuck Albrecht, and Minnesota Credit Union Foundation Secretary Kathy Harrington, presented the Minnesota Credit Union Builders Award to Mrs. Don Eschenbacher.  Her husband Don played a vital role in the success of our credit union early on.  

The names of the Minnesota Credit Union Builders Award recipients and the contributing credit unions are permanently displayed in the Minnesota Credit Union Network’s lobby as a tribute to their accomplishments. 

Chuck also spoke about how Mid-Minnesota got its start and where we’re headed. 

“We believe in helping our neighbors achieve the American dream,” Chuck said. “We believe in helping our members send their children to college and, we believe in helping our members retire with confidence”. 

“Today, MMFCU celebrates our 60th anniversary and continues to live out our service pledge set by our seven founding members in 1956.” 

Mid-Minnesota Federal Credit Union started as the Northwest Employees Credit Union in June 1956. We became the Brainerd Community Federal Credit Union in August 1970. We changed our name for good in 1982 when we became Mid-Minnesota Federal Credit Union. 

Today we are proud to say that we have grown to well over 37,000 members and have over $257,678,149 in assets! However, we wouldn’t be where we are today without our members.

Our member / owners are what make Mid-Minnesota Federal Credit Union what it is today and it has been amazing to see how we’ve grown over the past 60 years. 

We are incredibly thankful for the years of service we have been able to give, and we look forward to many more to come.

To see how far we’ve come and all the services we offer, please visit our website at 

Here are some photos from that great event in June:

Mid-Minnesota Federal Credit Union is a member-owned financial cooperative serving central Minnesota. The credit union has full-service offices in Alexandria, Baxter, Brainerd, Crosby, Detroit Lakes, Little Falls, Pequot Lakes, Staples, and Twin Valley; as well as a drive-through in Baxter.

Monday, July 11, 2016

Why Simply Free Checking May Be Right for You

Since their creation, checking accounts have made millions of people satisfied for many reasons. Checking accounts are a quick and easy way to access your cash and help track your finances and transactions while keeping your money safe.

With hundreds of different checking accounts and options, it can be difficult to determine which is best and which provider to use. In central Minnesota, the answer is simple: Mid-Minnesota Federal Credit Union and our multiple types of checking accounts. We understand that checking is not a one-size-fits-all service, and we have created multiple account options to fit your needs.

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The most common choice of accounts is our Simply Free Checking. With Simply Free Checking, you will never have a monthly service charge, per-check charge, or minimum balance to maintain. Your VISA Debit Card is completely free, and 24-hour account access is available by phone or personal computer at no charge. Add to that free direct deposit and no-surcharge ATMs and you’ve got much more than just an ordinary checking account.

Making the switch is easy, too. Your first 50 checks are free and we can even get you temporary personalized checks so there’s no waiting time when you’re without them. We’ll help you re-direct automatic deposits and payments at no charge and even get you started on any of our popular 24-hour services.

With the many convenience and safety benefits that a Simply Free Checking account creates for you, it’s a wonder why you haven’t said goodbye to that bank checking account and joined the thousands of members who have made life simple with Simply Free Checking! Before long, you’ll wonder why you ever settled for anything less.

If you’re looking for a little more from your checking account, we offer multiple other accounts such as Regular Checking and Money Market Checking. No matter your choice, all Mid-Minnesota accounts come with amazing benefits that we know you will love.

Join today and find out what everyone else is amazed about. We’re with you all the way!

Monday, June 13, 2016

Toys For All Ages: Recreational Loans from Mid-Minnesota Federal Credit Union

Who ever said toys were just for kids? Toys are for all ages. They come in all different sizes - from miniature models you can construct to life-size! 

No matter which summer toy you are looking for - whether it’s a boat to enjoy one of Minnesota’s 10,000 lakes, the motorcycle you’ve always dreamed of, or that brand new RV for family camping trips - Mid-Minnesota’s recreational loans, will most likely fit any of your needs! We can finance your new or used toy - typically at the area’s best rates, and often right at the dealership with On-The-Spot financing!

If you’d like more information, feel free to contact a Member Service Specialist about your recreational loan at Mid-Minnesota Federal Credit Union or apply online today!

Thursday, May 5, 2016

“60 Days of Giving” with Mid-Minnesota Federal Credit Union

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“The more that you read, the more things you will know. The more you learn, the more place you’ll go.”   —Dr. Seuss.

A childhood rich in books can lead to an adolescence rich in curiosity and creativity. As part of our 60th Anniversary, Mid-Minnesota Federal Credit Union (MMFCU) is celebrating by launching a book drive entitled, “60 Days of Giving.” The aim of the book drive is to encourage childhood literacy and give back to a community full of eager and bright young minds. Each MMFCU branch is hoping to increase the number of available book in their community. You can learn more about the benefits of donating books through charities like Love to Know and The Nest.

Donations at participating MMFCU branch locations will be accepted between May 1st and June 30th.

Designated drop off areas are available in all branch locations. Members are welcome to drop off new and gently-used children’s books. After the drive, donated books will be distributed to local community schools and daycares.

As an additional treat, MMFCU is incorporating themes of savings and smart spending habits while promoting early childhood literacy. MMFCU staff volunteers will be reaching out to schools and daycares to help educate children about savings!

Our staff volunteers will lead story time, donate books, and guide a savings project. Each student will receive a savings bank and will be encouraged to draw a special item for which they are saving on the bank. This will help children visualize their goals as they save up for them.

Some additional details to take note of:
● MMFCU will be sponsoring the Imagination library, a free program promoting early childhood literacy with monthly free books sent via mail to program members. All Mid-Minnesota Federal Credit Union branches will have Imagination Library sign-ups forms available.

● MMFCU will be accepting monetary donations and matching up to $2,000 in donations. Donations stay local - proceeds will go towards the United Way’s Imaginations library program, and the Great River Regional Library’s WishList in Staples.

Help encourage childhood literacy in the community by participating in the “60 Days of Giving” book drive. Donate some of your books so that a child in your community can gain a new adventure!

Friday, April 15, 2016

Smart Investments for Your Graduation Money

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Graduation is just around the corner and whether you are graduating from high school or college, a celebration is no doubt on the horizon. Graduation parties are a chance to celebrate with friends and family, and sometimes it can mean gifts — including money. Many recent grads come into a small fortune directly after graduation. The extra funds can be exciting, but it’s important to be smart with your money.

Many high school graduates haven’t made a solid attempt at saving — this is a good time to start! This money can help you with your college books, a laptop, or an array of other college expenses. College graduates should start a nest egg. Experts recommend that you save at least three months of living expenses. That’s rent, bills, groceries — anything to maintain your current standard of living. Not many recent college grads have that kind of cash saved up — get started!

Open a Savings Account

The first step in saving money is opening a savings account. If you already have an account with us at MMFCU, you can easily do that online. There are a variety of options to choose from, including our WINcentive program. Have this account specifically set up for college expenses and/or an emergency fund.

Start a Roth IRA

If you already have a good start on a savings account, you can either add to it or you can invest! Open an IRA. To get an idea of the benefits, if you are 22-years-old and you open a Roth IRA with $100 at 8% a year, by the time you are 66, it will have grown to about $3000! That comes from starting with $100 — the more you invest, the more it grows! Visit our Retirement Central Site, or read more about it and the tax benefits it comes with here.

Overall, smart saving and spending are what will get you through your first years as an adult, so be disciplined in your finances. For more information on smart savings for young investors, check out’s article Five tips for young investors.

If you need any help setting up for your future, contact us with any questions. Congratulations again on graduating, it’s a big accomplishment. We wish you the best of luck!

Monday, April 4, 2016

Building Your Home: From Start To Finish

At Mid-Minnesota Federal Credit Union, we want to help you from start to finish when it comes to the construction of your new home. It’s not only about the one time closing cost construction loan MMFCU offers, but also about what members can expect throughout the whole construction process.

To get started, determine your price range for the property and total construction costs. This should include meeting with an architect, developer, or builder to determine a general estimate. Once you have that, get pre-approved for your construction loan.

Now that you have financing in place, secure land via a purchase agreement and choose your construction team for home plans and construction estimates. Your team of architects, engineers, and/or developer will help outline the whole construction process! Be ready to have conversations about everything from utilities to your septic system, to how your driveway will look. 

You’ll also have to find a builder for your project. Many times, you’ll be working with a smaller, regional builder that is family-owned. You’ll also work with a sales consultant through the builder’s company and a design center consultant to map out how you want your home to look. 

You will meet the construction manager, the person who will be responsible for overseeing the building of your new home. They’ll handle everything from permits to inspections during the process. The construction manager will give you updates as the house is being built and address any concerns that you may have. 

The builder will hire outside contractors to finish certain aspects of your home, including framing, plumbing, electrical work, drywall installation, interior work and cabinet and counter work. You probably won’t meet any contractors during the process, but if you’ve picked the right builder, you can feel confident that everything is being done correctly. 

While you’re building, inspectors will stop by to look at the construction taking place. Your home will be inspected many times by county or city inspectors. You can discuss this more with your construction manager.

Here is a step-by-step look at how your home will be built:

Permits. Before any dirt is moved, a city or county employee must approve the design and provide permits for zoning and grading (changing the land to accommodate your home and driveway.

Site preparation. Before building starts, the new site’s land must be cleared by having trees, rocks, and debris all removed from the ground. The ground will also be leveled so your home can be built there.

Foundation is poured. How your foundation is poured depends upon if you have a basement or not. Footings are put in and the concrete is poured into the holes of your foundation walls. After that, curing takes place and no work will be done for a time. Then, a waterproof membrane is added and the installation of drains, pipes and plumbing takes place for your basement or first floor.

Framing. This is the skeleton of your home that includes subflooring, the walls, and roof. Your window openings will be framed and exterior walls are also installed during this time.

Siding and roofing. After the framing is finished, the roof and siding are installed. Some of the materials used for the roof are slate, tile, metal, and shingles.

Plumbing, electrical and HVAC installed. After the roof and siding are in, the ductwork for your heating, ventilation, and air conditioning systems are put in. Plumbers and electricians are a part of this process. Your shower and tub and other bathroom items are put in during this time.

Insulation. The builder will pick the insulation he puts in based on where you live. Homes usually have insulation put in all exterior walls, the attic, and floors that are located above the basement or crawl space.

Drywall and exterior finishes. Once the insulation and electric work are in, the drywall is put up. Drywall can be installed, taped or covered with a primer coat of paint.

Interior trim and walkways. Baseboards, moldings, window sills, doors, door casings and stair railings are next on the docket. Cabinets, vanities, fireplaces and any decorative trim is put in during this part of the process. Walls can also be painted at this time. Your driveway will also be formed during this period.

Floors, countertops, and exterior work completed. Hardwood or tile flooring goes in next, not to mention your bathroom and kitchen counters. Your yard will also be readied for proper drainage and future landscaping products during this time.

Final touches. Your light fixtures, outlets, switch plates, HVAC, sinks, faucets, and toilets are the next things to be installed. The last thing installed is your carpet and any vinyl flooring you may have. A big clean-up of any construction debris follows the carpet being put in.

MMFCU hopes this helps you get an idea of what the construction process is like. To register for the seminar to learn more about the loan process, visit our upcoming events page or call our Brainerd branch at 218-829-0371!

Friday, March 11, 2016

Upcoming Area Trade Shows

It’s Trade Show season and Mid-Minnesota Federal Credit Union will be an active participant this spring!! We will be at each of the following upcoming Trade Shows in the various communities we serve, to answer any questions you may have about Mid-Minnesota Federal Credit Union and the products and services we offer! We look forward to seeing you at these shows:

Detroit Lakes Home Show

Saturday, March 18: 10 a.m.-5 p.m.
Sunday, March 20: 11 a.m.-4 p.m.
Location: Kent Freeman Sports Arena, 1310 Rossman Avenue, Detroit Lakes, MN
Admission: FREE

This year marks the 30th Anniversary of the Detroit Lakes Home Show! The Lake Region Builders Association are the professionals who build the houses that grow into neighborhoods, which become a community, that attract the businesses and create new jobs. Stop by our booth to say hi to Mark Hagedorn, Detroit Lakes Area Lending and Development Manager!

Brainerd Everything Expo

Friday, March 18: 10 a.m.-7 p.m.
Saturday, March 19: 10 a.m.-5 p.m.
Location: Essentia Health Sports Center, 502 Jackson St, Brainerd, MN 56401
Admission: $3.00 per adult, 17 and younger are FREE

The Brainerd Everything Expo is one of the areas region’s largest trade shows with over 3,000 visitors each year. Brought to you by the Brainerd Lakes Chamber of Commerce and Hubbard Radio, the expo will teach you more about the businesses in the area. Each visitor will get the chance to win Door prizes which are drawn throughout the expo — You Must Be Present To Win.

Schedule of Events:

Friday — Senior Day at the Everything Expo:
  • FREE Shuttle Service for Seniors provided by Executive Express. Pick-up & drop-off locations TBD.
  • Bingo with PRIZES, sponsored by Grand Casino — 9 a.m. and 3 p.m.
  • Painting Sessions by The Traveling Art Pub — 11 a.m. and 12:30 p.m. (Pre-registration required. Call 218-454-1888 or visit $15 per person. Maximum of 44 participants per class.)
  • LIVE Music by Rockin' Hill (blues, jazz, rock) - 5-7 p.m.
  • Door Prize Drawings — all day (must be present to win)
  • Lakes Proud Punch Card Contest — all day
Saturday - Family Day at the Everything Expo:
  • Meet Curious George — 11 a.m.-2 p.m.
  • Yoga Sculpt Class by The Burn — 11 a.m. (Pre-registration required. Call 218.454.2077. $10 per person. Additional sessions may be added depending on registration.)
  • Bingo with PRIZES, sponsored by Grand Casino — 12:30 p.m.
  • Painting Sessions by The Traveling Art Pub - 2 p.m. and 3 p.m. (Pre-registration required. Call 218-454-1888 or $15 per person. Maximum of 44 participants per class.)
  • Door Prize Drawings — all day (must be present to win)
  • Curious George Coloring Contest — all day
  • Lakes Proud Punch Card Contest — all day


Brainerd MMBA Home Show

Friday, April 1: Noon-7 p.m.
Saturday, April 2: 9 a.m.-5 p.m.
Sunday, April 3: 10 a.m.-3 p.m.
Location: Essentia Health Sports Center, 502 Jackson St, Brainerd, MN 56401
Admission: $5.00 per adult, 15 and younger are FREE

The Brainerd MMBA Home Show represents members of all facets of the building industry from General Contractors, Remodelers and Developers, to Sales and Marketing Experts, Architects, Excavators, Plumbers, Electricians and Financial Institutions — all to support the American dream of homeownership. Become a member and learn how it will not only save you money but it can open up doors to possible scholarship opportunities!

Echo Press

Alexandria Echo Press Lifestyles Expo

Alexandria Lakes Chamber of CommerceSaturday, April 2: 10 a.m.-4 p.m.
Location: Viking Plaza Mall, 225 7th Ave E Alexandria, MN 56308
Admission: FREE

This special event is the 22nd Annual Alexandria Lifestyles Expo, presented by the Echo Press! It will be filled with entertainment, exhibitors, demonstrations, food and prizes. Last year, it featured more than 60 exhibitors, food, exotic animals, and a comedy duo!

What the Tech Expo

Friday, April 8: 10 a.m.-2 p.m.
Location: Minnesota State Community and Technical College, Wadena
Admission: FREE

This expo is a collaboration with local businesses, broadband and energy service providers to introduce the community to technologies that can improve their lives. This expo includes "how to" and "what not to do" with technologies to improve health, home and businesses.

Crosby Living Local

Friday, April 22: 3-7 p.m.
Saturday, April 23: 10 a.m.-3 p.m.
Location: Hallett Community Center of Crosby, 470 8th St NE, Crosby, MN 56441
Admission: FREE

The Crosby Living Local Expo features crafts and all types of businesses — area and home-based! Learn more about the community and area businesses by spending the afternoon in Crosby.