Savings
Savings goals change over time. MMFCU has saving accounts to help you get to yours.
Keep More of Your Money
Whether you’re a Wall Street investor or a rainy day saver, Mid Minnesota Federal Credit Union provides a variety of ways to save. All credit union savings accounts provided by Mid Minnesota are insured by the National Credit Union Administration (NCUA), an agency of the federal government, for up to $250,000.
Current RatesKasasa Saver®
Build savings automatically while earning a high rate of return. Free Kasasa Saver® is savings simplified.!
It links to your Kasasa Cash® or Kasasa Cash Back® checking to build your savings automatically every month. When you earn rewards in your Kasasa® checking, those earnings transfer into your free Kasasa Saver®. Plus it pays up to 2.50%APY* on balances up to $35,000; 0.15% APY* on balances over $35,000; 0.01% APY even if qualifications are not met in Kasasa Cash® or Kasasa Cash Back®! No monthly maintenance fee and no minimum balance to earn rewards.
Money Market Savings
Earn more without a long-term commitment. Minimum balance to open is $25,000. Dividends are compounded and paid monthly*. Access your funds with our 24-hour services including ATM and Online Banking with a maximum of six transactions a month**. The more you invest the more you earn.
Health Savings Account (HSA)
Do rising health care costs also have your blood pressure rising? Consider a Health Savings Account (HSA). Pay your medical expenses with tax-free HSA distributions or save for future needs. Learn more about HSA’s and if you are eligible by talking with Member Services at your local branch.
Estate Savings
The Estate Savings account provides a location for you to place an inheritance or life insurance proceed while you determine your next step with the funds. Talk with Member Services for details on this high interest earning account.
Get Round-Up Savings
Let us help you save! Round-Up Savings is available with each of our checking accounts. It’s as simple as using your Visa® Debit Card. After every purchase, we deposit the difference between your purchase amount and the nearest whole dollar into your savings account.
Purchase: $57.08
Nearest Dollar Amount: $58.00
Deposit to Your Savings: $0.92
Certificates
Mid Minnesota offers a variety of certificate options that can earn a higher return on your investment. Terms vary from 6 to 48 months for Traditional Term Share Certificates. Mid Minnesota members age 0-18 earn great rates with all traditional Term Share Certificates with a $100 minimum deposit. We also have special certificate options, including Add-On, Bump and Fast Forward, to help you make the most of your money.
WINcentive™ Savings Account
WINcentive™ Savings is a personal savings account that offers you the chance to win cash prizes from a statewide drawing!
WINcentive™ Savings offers prize drawing entries in return for each time you increase your month-over-month savings balance by $25 (up to 4 entries per month). Prize drawings occur monthly, quarterly and annually – so the more you save, the more chances you have to win! You could even end up winning the grand prize of $5,000! In addition to the statewide drawings, MMFCU also offers $50 monthly drawings exclusively for our members!
Calculate Your Options
Savings Goal Calculator
Saving for a down payment on a house? What will it take to reach your financial goal? This calculator helps you find out.
College Savings Calculator
Saving for your children’s education requires a long-term plan.
Compound Savings Calculator
Consistent investments over a number of years can be an effective strategy to accumulate wealth. This calculator demonstrates how to put this savings strategy to work for you.
Credit Union Certificate Calculator
Use this calculator to find out how much you can earn on a Certificate.
Savings Goal Calculator
College Savings Calculator
Compound Savings Calculator
Credit Union Certificate Calculator
Why MMFCU?
It’s time to do banking differently. At MMFCU, we believe that true financial growth can only happen when we all grow together.
Credit union banking is rooted in locals serving locals, for the good of our community. We care about this community because it’s our home too. When you progress, so do we and in turn, we help others do the same. Owned by members (that’s you!) and led by members–that’s the credit union difference.
Frequently Asked Questions
What is my routing number?
MMFCU’s routing number is 291973360. Looking to set up direct deposit? You’ll need your account number that you want the funds to go to. The same can be said if you are looking to set up automatic payments to another financial institution or company. See the below FAQ for how to find your account number.
What is my account number?
Each account that you have with us has its own unique account number. Again, our staff can help you get this information, but only after you verify a few pieces of information about yourself. You can also find your account numbers in online banking or the mobile app.
Setting up direct deposit? You will also need your routing number for the financial institution you want the funds to go to. The same can be said if you are going to set up automatic payments to another financial institution or company. See the above FAQ for what your routing number is.
What is my member number?
Your member number is essentially another form of ID for our staff to be able to pull up your account information. Your member number will be given to you at the time of opening your account. However, your member number is not used in any other way than to find you in our system. It is not necessary to know your member number, as there are multiple ways to find your accounts in our system, but if you should request it, staff can let you know after verifying a few pieces of information about you.
How do I open an account online?
To open an account online, complete an online application. If you are new to MMFCU, we welcome you! As a part of the application process you will be asked to verify that you meet the criteria for being a member owner: live, work, worship, or attend school in any of the 10 counties in central MN that we serve, or are an immediate family member of someone who does. Immediate family includes spouse, parent, step-parent, child, step-child, grandparents, grandchild, brother, step-brother, sister or step-sister. For more information on the counties we serve see our About Us webpage.
If you need help with opening your account, please contact us at (218) 829-0371.
How do I transfer money to/from my account at another financial institution?
Make a Loan Payment Tool
To make a payment on a loan with MMFCU using funds from another financial institution, you can utilize our Make a Loan Payment Tool with a debit card or routing and account number from another financial institution.
Direct Pay
To send funds automatically from another financial institution to MMFCU, you can set up a direct pay. This works for loan payments as well. You are also able to set up a direct pay in your local office.
How do I get a cashier’s check from my account?
In Office or Drive-Up
Request a cashier’s check from the teller line.
Over the Phone
Call us at (218) 829-0371 and request a cashier’s check. Please note that not all cashier’s checks can be mailed out, they may request that you come into your local office to pick it up.
How do I know what is pending on my account?
To know what is pending on your account you can either call us at (218) 829-0371 or log into online or mobile banking. To see pending purchases or debits on your account, click on one of your accounts in online or mobile banking. Pending transactions will be listed at the top and marked as pending.
For pending deposits, you can contact us and our staff will be glad to help you.
*All MMFCU checking accounts require an initial deposit of $25.00. With each checking account, you are required to open a share savings account (minimum balance $5.00) which makes you part owner of our credit union. Refer to your Truth-In-Savings Disclosure for a complete listing of checking account requirements and fees. The ‘Fee Schedule’ section of this site also offers a listing of fees associated with MMFCU Checking. Overdraft protection options are activated when your checking account doesn’t have enough funds to cover your checks and other transactions made using your checking account number, bill payments, ATM transactions, and/or everyday debit card transactions. Your MMFCU account must be maintained in good standing which includes at least: bringing your account to a positive balance within 35 days, not being in default on any loan or obligations to MMFCU and not being subject to a legal or administrative order or levy. Transfers of $100.00 increments are made automatically to your account – Subject to credit approval. No cost or interest is paid unless you use it. Pay off the balance in full or with regular monthly payments. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.*There is a $10 fee for new, replacement on debit cards. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: transfers between accounts, non-retail payment transactions and purchases made with debit cards not issued b your credit union. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. Reward Information: Rewards vary by account. Depending on what Kasasa account you open, you will receive the following rewards when you meet your account’s qualifications during a Monthly Qualification Cycle: Kasasa Cash: Balances up to $10,000 receive APY* of 5.00%; and balances over $10,000 earn 0.15% APY Kasasa Cash Back: 2.00% cashback on PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $8.00 cashback may be earned per Monthly Qualification Cycle. Kasasa Saver (linked to a Kasasa Cash or Kasasa Cash Back account): Balances up to $35,000 in your Kasasa Saver account receive an APY of 2.50% and balances over $35,000 earn a 0.15% interest rate on the portion of balance over $35,000. ATM Fee Refunds: you will receive reimbursements up to $25.00 ($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM receipt must be presented within sixty (60) calendar days of transaction for reimbursements of individual ATM fees of $5.00 or higher. When your Kasasa account qualifications have not been met all balances in a Kasasa Cash account earn 0.01% APY*; all balances in a Kasasa Saver account earn 0.01% APY; cashback payments are not made, and ATM fees are not reimbursed. Rewards reimbursements will be credited on the last calendar day of each month. ATM fee reimbursements will be credited to the appropriate Kasasa account on the last day business day of each month. When linked to the Kasasa Saver account, the dividends earned within the linked Kasasa Cash account do not compound since it is automatically transferred to the Kasasa Saver account. Due to non-compounding, the actual dividend amount transferred from the Kasasa Cash account to the Kasasa Saver account may be less than the advertised Kasasa Cash APY*, if the advertised APY* is represented without a linked Kasasa Saver account. APY = Annual Percentage Yield. APYs accurate as of 2/1/24. Rates and rewards are variable and may change after the account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, time frames, enrollments, and other requirements apply. No minimum deposit is required to open a Kasasa account. Qualifications and rewards may vary by account. Monthly qualifications include 1 ACH Debit or Credit, 12 Debit Card purchases, and receipt of electronic statements. Limit 1 account per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. A Kasasa Cash or Cash Back account is required to have a Kasasa Saver account. Contact MMFCU Member Services for additional information, details, restrictions, processing limitations and enrollment instructions. Certain restrictions apply. Truth in Savings Disclosure.
*Must make a minimum $10 monthly contribution to avoid a $10 penalty. Money Market disclaimers: *If the balance falls below $25,000 in a given month a $15 fee will be assessed. **A per item fee of $10 for each withdrawal or transfer in excess of six during a month will be charged.