Clarissa
Welcome
After careful consideration and thoughtful planning, Mid Minnesota Federal Credit Union and Unity Bank have entered into an agreement for Mid Minnesota Federal Credit Union to purchase the Unity Bank Clarissa branch. This transition is expected to occur prior to the end of 2026, pending final approvals.
Mid Minnesota Federal Credit Union and Unity Bank share a commitment to long-term strength and continued service to customers. We are working closely to ensure this transition is handled with care, clarity, and a strong focus on your experience.
What this means for you:
As a part of the transition, your accounts, including your day-to-day banking relationships, are expected to move to us. Our goal is to make this process as smooth and seamless as possible. You will receive additional details with any steps, if needed, well in advance of the transition.
Our Commitment to You
We understand that banking is personal. It is built on trust, relationships, and the people you know. Both Mid Minnesota Federal Credit Union and Unity Bank are aligned in one goal: to make this transition easy and ensure you continue to feel confident in your banking relationship.
We are proud to welcome you and look forward to continuing to serve you. Our focus on building relationships, providing 24/7 access to your money, and making your banking experience seamless moving forward.
Prior To Transition:
- You will continue to have full access to your accounts
- Your banking services will continue as usual
- Both of our teams are available to support you every step of the way
What to Expect Next:
- You will receive additional communication with more detailed information
- Our teams will be available to answer questions and provide support
- Closer to the transition at the end of the year, we will share final details and any updates
- There is nothing you need to do at this time.
We Are Here For You
If you have any questions or would like to talk through your situation, please contact us:
Mid Minnesota Federal Credit Union: (218) 829-0371 or memberrelations@mmfcu.org
Unity Bank: 877-889-6847 or at cct@unitybanking.com
Frequently asked questions
We're here to help, wherever you are on your financial journey.
- What's happening? After extensive research, discussion, and thoughtful consideration, Unity Bank has made the difficult decision to sell the Clarissa branch to Mid Minnesota Federal Credit Union.
- When will the purchase take place? The purchase includes multiple steps and approval by regulatory agencies. The transaction is expected to be completed prior to the end of 2026.
- Why is this happening? This decision is part of an effort to strengthen the Bank for the long term and ensure we are positioned to serve our customers and communities in a sustainable way.
- Is the Bank being sold? No. Unity Bank ownership is not changing. Only the 3 branches are being sold. The remaining Unity Bank locations will continue to operate as normal and will continue to serve customers at their locations and online after the sale.
- Is the Bank in trouble?
No. We want to be clear that the Bank is safe and sound.
This is a proactive decision focused on maintaining a strong future.
- Why is the Credit Union buying the Bank location? To expand services and member benefits in the communities we serve.
- Will I still be able to access my money? Yes. You will continue to have access to your accounts throughout the transition.
- What happens to my relationship with the Bank?
You decide.
You will receive information from the Clarissa team and MMFCU to make an informed decision on moving your accounts to the credit union and continuing to work with local staff. We know banking is personal, and relationships matter. This change may look different, but our focus remains on ensuring you feel supported every step of the way.
- After the purchase of the Bank location, will I become a Credit Union Member? Yes. Once regulatory approval is received and the transaction is closed and made effective, all current customers of Unity Bank's Clarissa branch will become Mid Minnesota Federal Credit Union members if they choose.
- What are the benefits to Unity Bank- Clarissa Customers moving to Mid Minnesota Federal Credit Union (MMFCU)?
- Expanded branch and ATM networks. Customers will have access to 14 locations across Central Minnesota as well as more than 30,000 ATMs nationwide.
- Credit Union Co-op Shared Network of 5,900 branches nationwide for when you travel.
- Expanded personal and business account product and service offerings. MMFCU offers many benefits for managing your money including checking accounts that offer rewards, savings, money markets, certificates, personal loans, auto loans, recreational vehicle loans, Visa credit cards, mortgages, home equity loans, retirement and wealth management services, and non-profit and business accounts and loans.
- Market leading rates. MMFCU offers extremely competitive saving, certificate and loan rates. For current rates click here.
- Online Banking and Mobile App that includes real time money management, budgeting, monitoring your credit score, remote deposit, fraud alerts, disputing a transaction, estate planning, and digital investing.
- What if I prefer to stay with Unity Bank? As part of this transition, accounts associated with the Clarissa branch are planned to move to Mid Minnesota Federal Credit Union. Our goal is to make that process as smooth as possible for you.
- Will I still see the same employees? Many employees are expected to continue serving customers through the transition, helping provide familiarity and continuity.
- What should I do right now?
There is nothing you need to do at this time. Continue accessing your money and using your accounts as usual.
We will provide clear communication and guidance as we move closer to the transition.
- What is the difference between a bank and a credit union?
Both banks and credit unions offer everyday services like checking accounts, loans, and online banking.
The main difference is how they are structured:
- A bank is a for-profit institution. Owned by an individual or group of individuals.
- A credit union is a member owned, not-for-profit cooperative. Owned and led by members, so our profits come bank to the members. You'll likely see it in higher dividends, lower interest rates and more customized service offerings.
- Will my accounts still be safe?
Yes. Your money remains safe and protected.
At Unity Bank, deposits are insured by the FDIC (Federal Deposit Insurance Corporation).
At Mid Minnesota Federal Credit Union, deposits are insured by the NCUA (National Credit Union Administration).
Both provide federal insurance protection, typically up to standard limits of $250,000, and are backed by the U.S. government.
- Do I need to do anything to be insured? No. Your accounts will continue to be insured automatically through MMFCU's coverage, typically up to $250,000. There is no additional action required from you. If you have more money than is covered by the NCUA, we would like to learn more as we have additional options to insure your funds.
- What does it mean to be a "member" of Mid Minnesota Federal Credit Union?
We refer to customers as "members" because we are owned by our members not a single person or group of owners. Members also make up MMFCU's Board of Directors that oversee fiscal oversight and strategic direction.
As a part of the transition, you may be asked to complete a simple step or agreement to become a member.
More information will be provided to you before the transition.
- Will my checking account still work the same way?
Yes. Your checking account will continue to support your everyday banking needs, including:
- Debit card use
- Checks
- Direct deposit
- Bill payments
Closer to the transition at the end of the year, you will receive specific details regarding account benefits and functionality in addition to new MMFCU checks and debit cards. The goal is a smooth transition with minimal disruption.
- Will my account number or routing number change?
Yes, with the transition to MMFCU both the account and routing numbers will change.
You will receive specific information about your accounts well in advance of the transition near the end of 2026. If any updates are needed, you will be given clear instructions and supported through the process.
- What's the difference between a member and account number? Your member number is another form of ID for our staff to be able to pull up your information. It is not necessary to know your member number as there are multiple ways to find your accounts in our system. Your account number will be specific to each account that you have at MMFCU.
- Will I still be able to access my money the same way?
Yes. You will continue to have access to your accounts through normal channels such as:
• In-person banking, expanding to 14 MMFCU offices
• Online Banking and Mobile App
• ATMs, including more than 30,000 ATMs nationwide
• Credit Union Co-Op Shared Network of 5,900 branches nationwide for when you travel or are a snowbird
Details about access points and tools will be shared in advance.
- Will services or products be different? Both banks and credit unions offer similar core services. There may be some differences in how services are structured and account benefits , but your everyday banking experience is expected to remain familiar.
- What if I have loans or other accounts?
Loans and other account relationships will also transition as part of the sale.
You will receive clear communication about what to expect for each type of account and who to contact with questions.
- Who do I contact if I have questions during the transition?
You can continue to contact your local Unity Bank team during the early stages of the transition.
You can reach the MMFCU team at (218) 829-0371.
As we get closer to the transition date, we will provide updated contact information and support resources.
- Are current Mid Minnesota Federal Credit Union members affected by the Unity Bank-Clarissa purchase? No. MMFCU members will see no changes, except that they will be able to use the Clarissa branch after the sale occurs, on or around December 31, 2026.
- What is most important to know? Your accounts remain safe and protected, your day-to-day banking will continue, and we are working together to make this transition as smooth as possible.
Why Choose MMFCU?
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