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Mid Minnesota Federal Credit Union (MMFCU)

What sets Mid Minnesota apart from other financial institutions is that YOU, our member owner, has a vested interest in our success. Any profits are returned to our membership in the form of higher dividend rates, lower interest rates on loans, additional technology, and growth in services. 


Field of Membership

Mid Minnesota Federal Credit Union (MMFCU) serves all of Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Todd, and Wadena Counties as well as the following townships in Otter Tail County: Blowers and Paddock and the Cities of Aitkin, McGregor, and Palisade, in addition to various townships* in Aitkin County. If you live, work, worship, or attend school in any of the geographic regions listed above, or are a blood relative of someone who lives, works, worships, or attends school in these areas, you are eligible for membership. You can become a member if you meet any of the above guidelines. A simple $5.00 deposit will make you a member owner of MMFCU – allowing you to apply for any of our free and low-cost services. 

Please click link for 2020 MMFCU Bylaws.

2020 Annual Meeting

August 26, 2020 Noon-1pm
Arrowwood Lodge, 6967 Lake Forest Road in Baxter or Virtually
We are offering two options to attend the annual meeting, in-person or virtually via a Zoom meeting.
Member Owners are invited to enjoy lunch together at the 2020 Annual Meeting. President/CEO, Chuck Albrecht and Board Chair, Theresa Goble will update on the growth of Mid Minnesota and what we are working on to improve your financial well-being. And new this year, we will also dedicate 20 minutes to education on how to protect your identity and other valuable personal information, presented by our Executive Vice President and Chief Technology Officer, Chris Tangen.

Please RSVP and indicate preference for attending in-person or virtually. If you participate virtually, you will receive a Zoom invite the morning of August 26. In person attendees will have a boxed lunch, seating options with social distancing in mind, and are asked to wear face masks during registration and moving about the room.

Meet the Board of Director nominees:


Theresa Goble (Incumbent): Theresa has been a member of Mid Minnesota since 1983 and currently holds the office of Board Chair. She lives in Fort Ripley enjoying retirement. Theresa's background is in finance and retired from a career that spanned over three decades as the City of Brainerd's Finance Director and retiring as City Administrator. Theresa is married with three grown children and four grandchildren. She enjoys reading, golfing and volunteering at her church.




Mike Paulus: Mike has been a member of the credit union since 2010. He has dedicated the past decade of his career to helping businesses in central Minnesota grow and thrive through the Cass County Economic Development Corporation and Small Business Development Center in the North Central Region. Mike lives in the Brainerd lakes area with his wife, Kay, and children Sean, Autumn and Maureen. He enjoys golf, fishing, hunting, acting in community theater and spending time with family



Rhonda Smith (Incumbent): Rhonda has served on MMFCU's Board of Directors since 2002. Rhonda is the former owner of Downtown Art and Frame Co. and The Bead Box. She currently splits her time between Brainerd and a hobby farm near the Fargo-Moorhead area where she works as a freelance artist and raises chickens. 




The Nominating Committee of the Board recommended the individuals listed above to fill open positions on the Board of Directors. Additional nominations can be made by a petition signed by one percent of MMFCU members, with a minimum of 100. Any such petition must be accompanied by the following: 1) a statement of qualifications and biographical data of the nominee; and 2) certification from the nominee that they are agreeable to nomination and will serve if elected to office. Send completed petitions to: Secretary of the Board, Mid Minnesota Federal Credit Union, PO Box 2907, Baxter, MN 56425. Completed petitions must be received by April 1, 2020, to be considered valid. 


2019 Annual Meeting

If you were unable to attend MMFCU's 2019 Annual Meeting, it's not a problem! Watch a short video of the highlights, and/or a bit more of the detail by clicking on the links below! Also, feel free to print a copy of our 2018 Annual Report located to the right, request a copy to be mailed to you at, or stop by any branch location. 



Thank you to our volunteers!

Your credit union is a member-owned financial cooperative. Member representatives, people just like you, are elected to and serve as volunteers on our Board of Directors. Additional members serve on our Supervisory Committee, Community Advisory Councils and Technology Advisory Council. 

Credit union volunteers take on great responsibility in setting the direction of credit union policy on lending, operations, security, employment and much more. It’s a pretty big job, and they take it seriously.


Current Volunteers

*Aitkin County Townships eligible for membership are Aitkin, Farm Island, Fleming, Glen, Hazelton, Jeven, Kimberly, Lakeside, Logan, Malmo, McGregor, Morrison, Nordland, Shamrock, Spencer, Turner, Wealthwood, and Workman Townships.






Mid Minnesota Federal Credit Union leadership changes

Expanding their leadership role in the Executive Management Team are Chris Tangen, Daryl Doucette, Karen Munsterteiger, and Missy Borg. Joining the Senior Management Team are Joe Reed, Karly Lillo and Miranda Anderson.


MMFCU has been serving member owners for 64 years with a focus on returning profits to members in the form of lower interest rates, higher dividends, additional technology, and growth in services. President/CEO Chuck Albrecht explains, “This new structure will enable us to allocate resources and our expert team members as the economy and our communities grow and change, so we can continue to meet our mission of providing member owners resources to improve their financial well-being.”


Chris Tangen who has been leading the rapid growth of technology for the past 13 years at MMFCU was promoted to Executive Vice President and Chief Technology Officer. His training and certifications give him the unique skill set to not only manage systems but the people who run them and benefit from them. He is excited to continue to advocate for member owners and their financial well-being.


Named as Chief Administrative Officer is Daryl Doucette, in this expanded role he will lead the attraction, engagement and retention of members and expert staff alike. In the past three years since joining the credit union, he has helped create the first state-wide Credit Union Employee Benefits Plan. He also gives back locally serving on the board of directors for Lakes Area Human Resources Association and Lakes Area United Way as well as the Workforce Wellness co-chair for Crow Wing Energized.


Karen Munsterteiger was promoted to Chief Financial Officer. With more than three decades of experience, Karen leads the strategic direction and administration of the credit union's asset/liability management, risk assessment, financial analysis, and investment services. She is also a leader in the community serving a variety roles including past president of the Brainerd Area Noon Sertoma and chair of the Brainerd Lakes Women’s Fund.


Having served member owners for the past 25 years at Mid Minnesota, Missy Borg assumed the role of Chief Operations Officer. Her personal career path of working as a teller, member services and management informs the decisions she makes as a senior leader when implementing processes, products and services to best serve member owners. Missy also attained Certified Credit Union Executive level with the Credit Union National Association and is a member of the Brainerd Lions Club.


Joining the Senior Management Team that includes Jonathan LeMieur and Jill Carlson at Mid Minnesota is Joe Reed who was recently promoted to Vice President of Business Services. Joe has served business members at Mid Minnesota for the past eight years and leads a team of business lending experts across central Minnesota. He loves coming to work each day always knowing MMFCU has the members best interest in mind at all times. Mid Minnesota also recognized Karly Lillo, naming her Vice President of Technology Services. Karly leads the team who ensures that the online and 24/7 services that member owners rely on are working well and keeping pace with the expansion of technology. Her expertise has been honed over the past 15 years at MMFCU as well as serving as a state-wide leader for a software user group throughout Minnesota. Joining Mid Minnesota in October is Vice President of Marketing & Communications Miranda Anderson. Miranda brought two decades of experience marketing for service related industries to this role and is excited to be returning to MMFCU. Miranda has a marketing degree from Bemidji State University and is a graduate of the Blandin and Brainerd Lakes Chamber leadership programs.


MMFCU Board of Directors and staff ended 2019 thanking Chief Operations Officer Mary Pedersen for three decades of service and many professional milestones as she semi-retires in 2020 transitioning into a part-time role as the Compliance Manager.