Compensation 990
OrganizationsEmployeesBoard MembersGrantsContractorsTop RankingsPricing

Stay updated on 990 organization compensation

© Civic Register LLC

Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

About•Report a discrepancy•Your privacy choices
Organizations Magnifi Financial Credit Union

Magnifi Financial Credit Union

Fiscal year ending 2023. Filed on July 11, 2024.

20 4th Ave SE
Melrose, Minnesota 56352

Magnifi Financial Credit Union (EIN: 41-0705136) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Magnifi Financial Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 18 out of 472 total employees. Among the employees shown here, the average compensation is $406,314. The highest compensated employee at Magnifi Financial Credit Union is Charles Friederichs with fiscal year 2023 compensation of $1,058,817. Magnifi Financial Credit Union changed its name from Central Minnesota Credit Union in 2022.

Revenue, expenses, and employee compensation

Revenue

$128,720,153

Expenses

$108,628,019

Employee compensation

$42,935,617
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Charles Friederichs
Chief Executive Officer
$1,058,817
$962,577 No related comp$96,240
Neal Kaderabek
Chief Digital/Info Officer
$582,736
$538,983 No related comp$43,753
Ross Bloomquist
Chief Experience Officer
$491,846
$441,406 No related comp$50,440
Stephanie Mayers
Advisor
$458,457
$386,323 No related comp$72,134
Nancy Roske
Chief Administrative Officer
$448,673
$366,285 No related comp$82,388
Greg Misterman
Chief Credit Officer
$416,232
$333,557 No related comp$82,675
Daniel Schreiner
Commercial Banking Officer
$396,743
$329,464 No related comp$67,279
Nicholas Rahrich
Vice President COMM Banking/Cbo
$381,674
$315,420 No related comp$66,254
Andrea Kraska
Chief Operating Officer
$369,465
$300,793 No related comp$68,672
Theresa Tschumperlin
CUSO CEO
$351,018
$306,797 No related comp$44,221
Michael Schwieters
Advisor
$343,384
$282,746 No related comp$60,638
Gary Meyer
Senior Vice President Retail Banking
$326,734
$247,934 No related comp$78,800

Benchmark Employee Compensation

Non-Employee Board Members

Marty Mahowald
Vice Chair
$9,225
$9,225 No related compNo other comp
Steve Danzl
Chair
$7,700
$7,700 No related compNo other comp
Marvin Hinnenkamp
Director
$7,050
$7,050 No related compNo other comp
Lori Nelson
Director
$6,203
$6,203 No related compNo other comp
Mark Meyer
Director
$5,913
$5,913 No related compNo other comp
Fred Fleischhacker
Director
$5,800
$5,800 No related compNo other comp
Luke Godzala
Secretary
$4,950
$4,950 No related compNo other comp
James Gondringer
Treasurer
$3,850
$3,850 No related compNo other comp
Craig Hittner
SUP Committee
$325
$325 No related compNo other comp

Contractors

Carlson Lavine Inc.
Contractor for Building Maple Grove Loca
$2,778,307
Jack Henry
Core System Provider
$1,435,258
Sps Security
Upgrade Security Systems in All Location
$720,196
Diebold Inc.
ATM/Coin Counter Provider
$647,531
Crmnext
Member Relationship Management and Suppo
$609,380

Mission Statement

MAGNIFI FINANCIAL CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 84,983 MEMBERS.

Revisions to this organization profile

October 16, 2025:
2024 Magnifi Financial Credit Union 990 filed
July 11, 2024:
2023 Magnifi Financial Credit Union 990 filed
November 15, 2023:
2022 Magnifi Financial Credit Union 990 filed

Get an email when new compensation information is released for Magnifi Financial Credit Union

Be the first to know when new IRS Form 990 data is published for this organization.

Related Jobs

View more jobs
Powered by Talroo
Report a discrepancy →