Magnifi Financial Credit Union
MELROSE, MN
Total revenue
$149.7M
Total expenses
$141.6M
Net assets
$247.8M
Grants received
—
EIN
410705136
Tax year
2024
Mission
Magnifi financial credit union is a member owned financial cooperative providing loan, deposit and other financial services to 84,983 members.
Programs
2 programs
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.
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
Financials
FY 2024
Revenue
Expenses
People
30 listed
CHARLES FRIEDERICHS
CHIEF EXECUTIVE OFFICER
$1.1M
45 hrs/wk
GREG MISTERMAN
CHIEF CREDIT OFFICER
$658K
45 hrs/wk
ROSS BLOOMQUIST
CHIEF EXPERIENCE OFFICER
$463K
45 hrs/wk
NANCY ROSKE
CHIEF ADMIN OFFICER
$388K
45 hrs/wk
ANDREA KRASKA
CHIEF OPERATIONS OFFICER
$346K
45 hrs/wk
MATT NOSKA
CHIEF PEOPLE OFFICER
$333K
45 hrs/wk
THERESA TSCHUMPERLIN
CUSO CEO
$316K
45 hrs/wk
MARVIN HINNENKAMP
DIRECTOR
$16K
2 hrs/wk
MARK MEYER
DIRECTOR
$13K
2 hrs/wk
LORI NELSON
DIRECTOR
$12K
2 hrs/wk
FRED FLEISCHHACKER
TREASURER
$12K
2 hrs/wk
JAMES GONDRINGER
DIRECTOR
$10K
2 hrs/wk
LUKE GODZALA
SECRETARY
$9K
2 hrs/wk
MARTY MAHOWALD
VICE CHAIRPERSON
$6K
2 hrs/wk
MICHELLE HUDAK
SUP COMMITTEE
$2K
2 hrs/wk
JOSH KRUPKE
SUP COMMITTEE
$1K
2 hrs/wk
JONATHAN OLMSCHEID
SUP COMMITTEE
$900
2 hrs/wk
STEVE DANZL
CHAIRPERSON
—
2 hrs/wk
STEPHANIE MAYERS
FINANCIAL ADVISOR
$447K
45 hrs/wk
MICHAEL SCHWIETERS
FINANCIAL ADVISOR
$311K
45 hrs/wk
RACHEL ENDRIZZI
SVP MARKETING
$297K
45 hrs/wk
BRAD SHAFTON
SVP OF DIGITAL AND IT
$280K
45 hrs/wk
GARY MEYER
SVP RETAIL BANKING
$264K
45 hrs/wk
DEAN DIRKES
MARKET PRES COMM BANKING
$253K
45 hrs/wk
JANELLE BORGMANN
SVP FINANCE
$236K
45 hrs/wk
NICHOLAS RAHRICH
MARKET PRES COMM BANKING
$227K
45 hrs/wk
JANEL EIBENSTINER
SVP BANKING OPERATIONS
$216K
45 hrs/wk
CHRIS STANLEY
COMMERCIAL BANKING OFFICER
$212K
45 hrs/wk
JENN HENGEL
SVP OF PROJECT MGMT
$207K
45 hrs/wk
ROB SCHMITT
SVP DIGITAL BANKING
$202K
45 hrs/wk
Independent contractors
CARLSON LAVINE INC
BUILDING/BUILT MAPLE GROVE LOCATION
JACK HENRY
CORE SYSTEM PROVIDER
FLINT GROUP
ADVERTISING
OLAF ANDERSON CONSTRUCTION INC
BUILDING FARGO ND LOCATION
INSIGHT DIRECT USA INC
NETWORK EQUIPMENT AND VARIOUS SOFTWARE