Minnesota First

Our Difference


Minnesota First was established in 1956 as Minnesota Loan and Thrift Company with an office opened in Rochester. In 1972 an office was opened in Winona, in 1973 an office was opened in Owatonna and in 1982 an office was opened in Red Wing. In 1986 Minnesota Loan and Thrift Company became a member of the FDIC. In 1993 Minnesota Loan and Thrift Company changed its name to Minnesota First Credit and Savings, Inc.

Today, Minnesota First services southeastern Minnesota with its 3 convenient locations in Rochester, Owatonna and Red Wing. Minnesota First offers mortgages and personal loans along with competitive CD and savings account rates.

Why Choose Minnesota First

What sets Minnesota First apart from other financial institutions? That’s easy! Personalized service for over 55 years. At Minnesota First you are treated like an individual, not a number. We are never too busy to help you or assist you with any questions or financial needs that you have. We are with you every step of the way and will be there to help you and answer all of your questions before, during and after the loan closing.

At Minnesota First we do not credit score on our in-house loans. That way we can really look at each situation individually and tailor a loan option to fit your needs.

Our other many advantages include:


My longstanding business relationship with Minnesota First started through a loan by mail. At that time I went to Minnesota First and explained that I wanted to establish a relationship with a bank where my financial needs would be understood and met. If I need money I want to be able to call and get it quick and easy without having to jump through a lot of hoops. This is what I found at Minnesota First. The loan approvals are quick and the staff is very easy to work with. Minnesota First has met all of my financial needs.

Jim H. (Oronoco, MN)/Consumer, Mortgage and Commercial Loans

We choose to do business with Minnesota First because they are a local company that we trust. We have all of our loans with Minnesota First. The staff listens to our needs and makes it happen within a reasonable amount of time. They are experienced and have been in business for many years. Minnesota First offers one-on-one personalized service, and we can stop in with any questions at any time.

Todd V. (Rochester, MN)/Consumer and Mortgage Loans

I have to tell you that I got a fantastic deal on this recreational vehicle and I owe it all to you for your fast, friendly service. If you would not have taken care of me as quick as you did I would have lost out on the sale because another buyer wanted it also, but I got it first. Thanks to You. MN First has helped me a lot over the years. Its great being your customer!

Nick N. (Pine Island, MN)/Consumer Loans

With Minnesota First I have found a bank that is very easy to work with. The loan approvals are quick and the staff is very helpful. At Minnesota First I get all of my questions answered. I especially like that someone is always available to take my call-even management. There is no automated system like you find at many other banks. The branch locations are also convenient. I live in Kasson, so I like the fact that I can go to either Rochester or Owatonna to make payments.

Judd H. (Kasson, MN)/Consumer and Mortgage Loans

You have, once again, been the most pleasant to deal with and above every other bank I have worked with on this and checked you have been the kindest and most humane.

Melissa L. (La Crosse, WI)/Consumer and Mortgage Loans

Your Security

Keeping your information secure is our number one priority. Information submitted to us over the internet is encrypted which provides one of the highest levels of security possible for protecting your information. The encryption process converts sensitive information into an unrecognizable string of characters to help prevent the theft of confidential information.

Putting You & Your Financial Needs First Since 1956

Contact Minnesota First

It is the policy of Minnesota First to conduct business only in Minnesota, Wisconsin and Iowa.

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