Magnifi Financial Credit Union
MAGNIFI FINANCIAL CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 84,983 MEMBERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4B
+4.6% YoY
Annual Giving
$110K
+29.9% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$55K
-35.1% YoY
About Magnifi Financial Credit Union
Based on IRS filings
Magnifi Financial Credit Union is a nonprofit organization, based in MELROSE, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.4B in total assets. In 2024, it awarded 2 grants totaling $110K. Net investment income was $9.2M.
Ready to take the next step with Magnifi Financial Credit Union?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,441,846,026 | $2,335,249,765 | $2,123,114,393 |
| Revenue | $149,695,408 | $128,720,153 | $87,403,819 |
| Expenses | $141,550,968 | $108,628,019 | $72,413,903 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $9,177,075 | $7,038,396 | $4,049,846 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Open Grants
1 open opportunity from Magnifi Financial Credit Union
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTY MAHOWALD | VICE CHAIRPERSON | 2 | $6,460 |
| STEVE DANZL | CHAIRPERSON | 2 | — |
| MARVIN HINNENKAMP | DIRECTOR | 2 | $15,900 |
| LORI NELSON | DIRECTOR | 2 | $12,263 |
| MARK MEYER | DIRECTOR | 2 | $13,213 |
| FRED FLEISCHHACKER | TREASURER | 2 | $12,050 |
| LUKE GODZALA | SECRETARY | 2 | $9,000 |
| JAMES GONDRINGER | DIRECTOR | 2 | $10,185 |
| MICHELLE HUDAK | SUP COMMITTEE | 2 | $2,100 |
| JOSH KRUPKE | SUP COMMITTEE | 2 | $1,063 |
| JONATHAN OLMSCHEID | SUP COMMITTEE | 2 | $900 |
| CHARLES FRIEDERICHS | CHIEF EXECUTIVE OFFICER | 45 | $1,132,433 |
| NANCY ROSKE | CHIEF ADMIN OFFICER | 45 | $387,693 |
| GREG MISTERMAN | CHIEF CREDIT OFFICER | 45 | $657,753 |
| ROSS BLOOMQUIST | CHIEF EXPERIENCE OFFICER | 45 | $463,046 |
| ANDREA KRASKA | CHIEF OPERATIONS OFFICER | 45 | $345,862 |
| MATT NOSKA | CHIEF PEOPLE OFFICER | 45 | $333,395 |
| THERESA TSCHUMPERLIN | CUSO CEO | 45 | $316,328 |
| GARY MEYER | SVP RETAIL BANKING | 45 | $263,898 |
| JENN HENGEL | SVP OF PROJECT MGMT | 45 | $206,874 |
| BRAD SHAFTON | SVP OF DIGITAL AND IT | 45 | $279,753 |
| JANELLE BORGMANN | SVP FINANCE | 45 | $235,739 |
| RACHEL ENDRIZZI | SVP MARKETING | 45 | $296,573 |
| JANEL EIBENSTINER | SVP BANKING OPERATIONS | 45 | $215,572 |
| ROB SCHMITT | SVP DIGITAL BANKING | 45 | $201,649 |
| DEAN DIRKES | MARKET PRES COMM BANKING | 45 | $253,383 |
| STEPHANIE MAYERS | FINANCIAL ADVISOR | 45 | $446,525 |
| MICHAEL SCHWIETERS | FINANCIAL ADVISOR | 45 | $311,489 |
| NICHOLAS RAHRICH | MARKET PRES COMM BANKING | 45 | $227,089 |
| CHRIS STANLEY | COMMERCIAL BANKING OFFICER | 45 | $211,715 |
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Magnifi Financial Credit Union on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities