Mission
MAGNIFI FINANCIAL CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 84,983 MEMBERS.
Public Charity
MAGNIFI FINANCIAL CREDIT UNION
MAGNIFI FINANCIAL CREDIT UNION is a Public Charity headquartered in MELROSE, MN. Financial data from the 2024 filing: $149.7M revenue, $141.6M expenses, $2.4B total assets. IRS filings disclose 20 grants awarded by this foundation, totaling roughly $738K.
EIN: 410705136
MELROSE, MN
Latest filing: 2024
Total Revenue$149.7M
Total Expenses$141.6M
Total Assets$2.4B
Grants Given20
Grant Total$738K
Filing Years2020–2024
Sample Grants Given
SUPPORT OF PRIVATE FOUNDATION TO FURTHER THEIR EXEMPT PURPOSE
$85,271
SUPPORT OF PRIVATE FOUNDATION TO FURTHER THEIR EXEMPT PURPOSE
$25,000
SUPPORT OF PRIVATE FOUNDATION TO FURTHER THEIR EXEMPT PURPOSE.
$84,912
SUPPORT OF PRIVATE FOUNDATION TO FURTHER THEIR EXEMPT PURPOSE
$83,984
SUPPORT TO FURTHER THEIR EXEMPT PURPOSE
$10,000
Showing up to 5 of 20 total records — full history available with membership.
Officers & Directors
CHIEF OPERATIONS OFFICER
Andrea Kraska
SVP OF DIGITAL AND IT
Brad Shafton
CHIEF EXECUTIVE OFFICER
Charles Friederichs
COMMERCIAL BANKING OFFICER
Chris Stanley
MARKET PRES COMM BANKING
Dean Dirkes
TREASURER
Fred Fleischhacker
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $149.7M | $141.6M | $2.4B |
| 2023 | $128.7M | $108.6M | $2.3B |
| 2022 | $87.4M | $72.4M | $2.1B |
| 2021 | $79.0M | $61.8M | $1.6B |
| 2020 | $74.9M | $62.9M | $1.5B |
Between 2020 and 2024, reported annual revenue grew from $74.9M to $149.7M (+100%), with total assets most recently reported at $2.4B.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in MN, WI.
MNWI
Full geographic grant map with state-by-state breakdown available with membership.