Magnify Credit Union

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Review based on 12 criteria Rating: 3 out of 5

P.O. Box 427, Mulberry, FL 33860

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Magnify Credit Union was founded in 1950. Headquartered in Mulberry, Florida, Magnify Credit Union is a state chartered and federally insured credit union, being chartered in Florida and insured through the National Credit Union Share Insurance Fund (NCUSIF). Magnify Credit Union is also a member of the , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Magnify Credit Union services 6,437 members through its 4 offices and branches and 27 full-time employees. It has $76,119,104 of total assets and $9,376,540 of net worth. Based on its asset size and net worth ratio, Magnify Credit Union is classified as a Well Capitalized medium credit union.

Magnify Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Magnify Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Magnify Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Florida and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Florida
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1500
0.1200
Money Market
0.2000
0.3000
0.2500
Certificate Deplit
1.3600
0.6100
0.5800
IRA
0.2600
0.4350
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Florida
National Median Rates
Credit Cards
8.6000
10.0000
9.9900
Unsecured Line of Credits
10.0000
11.2800
10.9500
Short-term Small Amount
n/a
24.0000
25.0000
Student Loans
4.0600
5.9750
6.0200
New Car Loans
4.0000
3.2600
3.3300
Used Car Loans
6.2500
4.4350
4.5000
1st Mortgage Real Estates
4.9600
4.5000
4.2500
Other Real Estates
4.5600
5.0000
4.7000

Magnify Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Magnify Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
Yes
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Bartow Branch
1790 N Broadway Ave
Bartow, FL 33830
Phone:

Magnify Credit Union
Main Office

1010 N Church Ave
Mulberry, FL 33860
Phone:

South Lakeland Branch
961 E County Road 540a
Lakeland, FL 33813
Phone:

Winter Haven Branch
3501 Cypress Gardens Rd
Winter Haven, FL 33884-2459
Phone:

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  1. dizhome.ru Staff
    dizhome.ru Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:27 pm

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