Funder DirectoryMAGNIFI FINANCIAL CREDIT UNION
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Grantmaking public charityEIN 410705136

MAGNIFI FINANCIAL CREDIT UNION

MELROSE, MN 56352

Total Assets

$2.4B

FY 2024

Annual Giving

$110K

FY 2024

Grants Made

2

FY 2024

Avg Grant

$55K

FY 2024

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

As a state chartered credit union we provide a variety of depository services to our membership. The credit union had 263,882 member accounts with deposits of $2,034,678,956.83 as of december 31, 2024.

Program 2

As a state chartered credit union we provide a variety of lending services to our membership including retail, commercial and agricultural loans. The credit union had 44,379 loans outstanding as of december 31, 2024, with balances of $1,874,879,028.01

Financial Snapshot

2024 filing

Total Revenue

$149.7M

Total Expenses

$141.6M

Giving Over Time

5 years

Giving over time from 2020 to 2024. Peak $110K in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

11 grants

ALBANY AREA SCHOOLS
$28K
2 grants
MELROSE AREA SCHOOLS
$9K
1 grant

Grant Size Distribution

11 grants

<$10K
4
grants
$10–50K
2
grants
$50–250K
5
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

1 states

Minnesota
$477K
100% of total

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