Fiscal year ending 2024. Filed on October 16, 2025.
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 2024 IRS Form 990 filing, Magnifi Financial Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 19 out of 488 total employees. Among the employees shown here, the average compensation is $425,288. The highest compensated employee at Magnifi Financial Credit Union is Charles Friederichs with fiscal year 2024 compensation of $1,234,830. Magnifi Financial Credit Union changed its name from Central Minnesota Credit Union in 2022.
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MAGNIFI FINANCIAL CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 84,983 MEMBERS.
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