At Magnifi Financial, we are dedicated to the security of
your banking information.
Staying safe on the internet
At Magnifi Financial, we are dedicated to the security of your banking information. Our website
and digital banking platforms are encrypted with SSL (Secure Socket Layer) to ensure the
information you enter (like your login user ID and password) are safe. When you enter this
information, it is scrambled before it leaves your computer so it is unreadable by unauthorized
In addition, we are committed to staying at the top of our game and offering the best in class
digital and mobile platforms for our members.
Did you know?
You should keep your web browser up to date. Outdated browsers are more at risk for fraudulent
The internet provides scammers, hackers, and identity thieves a place where they can steal your
personal information – and your money. But there are steps you can take to protect your computer,
your information, and your online files.
Use anti-virus and anti-spyware software, as well as a firewall, and update them all
regularly. If you let your operating system, web browser, or security software get out-of-date,
criminals can track your activities on the Internet without your knowledge, or sneak malware
onto your computer which they can use to break into other computers or send spam. Anti-virus
software and a firewall can protect you from inadvertently accepting such unwanted files.
Backup your files regularly.
When entering personal account information, verify that you are on a secure website. If the
website is secure, you will find "https" in the address and a closed padlock in your
Safeguard your personal information online. Never give your Social Security number, credit
card numbers, and bank and utility account numbers via e-mail. Your credit union will never
request personal information via email.
Do not respond to spam email. Download files with caution.
When you’re online and are asked for your personal information, think about whether you can
really trust the request. Before clicking on an offer or ad, research the company by typing the
company or product name into the search bar of your favorite search engine with terms like
“review,” “complaint,” or “scam.” If you can’t find contact information for the company, or
there are bad reviews, take your business elsewhere.
Keep your passwords safe. Create passwords that are at least 10 characters long and are a
combination of letters, numbers and special characters. Don't use the same password for
many accounts. Keep your passwords in a secure place out of site and never share passwords on
the phone, text or email.
Review your financial accounts regularly and report any discrepancy immediately.
File a Complaint
If you are a victim of an internet crime contact
us immediately. Then, report the crime to the Federal Bureau of Investigation Internet Crime
Complaint Center (IC3).
Sometimes, sometimes not. If you have already found your vehicle to purchase, we can set up financing right away and you won't need a pre-qualification letter. However, if you get pre-qualified and then shop around for vehicles, we'll send you a pre-qualification letter to bring to dealerships. Some dealerships may also contact us to confirm financing as a business practice.
Your pre-qualification offer is typically valid for 60 days with Magnifi. If we have not heard from you about purchasing a vehicle within those 60 days, then your loan application will be closed and you will need to reapply if you decide to obtain financing after the expiration date.
That's great! Go ahead and fill out an application and we'll help you get the financing together as quickly as possible. If you are working with a dealership, we'll just need the Purchase Agreement and Insurance Card. Our lending staff will help walk through everything with you to get you on the road faster.
We have several methods for you to make your loan payments:
• Magnifi Digital Banking or Mobile App: You can transfer funds from your Magnifi or external checking/savings account into your loan account.
• Online: Use our online loan payment system to set up a single or recurring payment with your debit/credit card or routing/account number.
• Mail: Send a check to: PO Box 232, Glenwood, MN 56334. Please include your Account Number and Loan ID. You will not receive a payment receipt by mail but you can verify the transaction within Digital Banking.
• Branch: Visit any Magnifi location to make a payment.
You can avoid paying as much interest if you make larger or additional payments on your vehicle loan. This will pay down the principal of the loan which means you pay less interest and you could pay off your loan quicker. However, this does not advance your due dates... Meaning, if you make twice the payment amount one month, you will still need to make a payment on the same due date the following month.
Frequently Asked Questions
We have several methods for you to make your loan payments: Magnifi Financial
Internet Banking: You can transfer funds from your Magnifi Financial
checking/savings account into your loan account. Learn more here. Magnifi Financial Mobile
App: You can transfer funds from your Magnifi Financial checking/savings
account into your loan account. Learn more
here. Phone: (888) 330-8482 Pay over the phone with a debit card
or Magnifi Financial account transfer. Mail: PO Box 190, St. Joseph,
MN 56374. Please include your Account Number and Loan ID. You will not receive a payment
receipt by mail but you can verify the transaction within Internet
Banking. Branch: Visit any Magnifi Financial location to make a
Great question! Our members can qualify for membership very easily. You will just need to
work, worship, go to school, or volunteer in one of the 18 counties of our field of
membership. So, when you open your account with us, you will open a one-time $5.00 “Share”
account which makes you a member of Magnifi Financial and an equal owner of our credit
union. And if you ever decide to close your account, you will receive your $5 deposit
back. You can learn more here.
Yes, Magnifi Financial offers additional protection for members to add on to their loans in the event that something unexpected occurs.
Work with your assigned Magnifi Financial team member to discuss the right options for you.