Magnifi Financial Credit Union
Melrose, MN · EIN 41-0705136 · Rank 3,818 by total revenue
Magnifi financial credit union is a member owned financial cooperative providing loan, deposit and other financial services to 84,983 members.
Money, Form 990 for tax year 2024
- Total revenue
- $149,695,408
- Total expenses
- $141,550,968
- Total assets
- $2,441,846,026
- Salary base (all salaries and wages)
- $35,493,065
- Salaries, other pay and benefits
- $45,000,928
- Employees
- 488
- Salary base per employee
- $72,732
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (25)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Charles Friederichs | CHIEF EXECUTIVE OFFICER | Officer | 45 | $1,234,830 |
| Greg Misterman | CHIEF CREDIT OFFICER | Officer | 45 | $746,296 |
| Ross Bloomquist | CHIEF EXPERIENCE OFFICER | Officer | 45 | $515,393 |
| Nancy Roske | CHIEF ADMIN OFFICER | Officer | 45 | $463,752 |
| Andrea Kraska | CHIEF OPERATIONS OFFICER | Officer | 45 | $422,447 |
| Matt Noska | CHIEF PEOPLE OFFICER | Officer | 45 | $397,764 |
| Theresa Tschumperlin | CUSO CEO | Officer | 45 | $366,575 |
| Fred Fleischhacker | TREASURER | Board, Officer | 2 | $12,050 |
| Luke Godzala | SECRETARY | Board, Officer | 2 | $9,000 |
| Marty Mahowald | VICE CHAIRPERSON | Board, Officer | 2 | $6,460 |
| Steve Danzl | CHAIRPERSON | Board, Officer | 2 | None reported |
| Rachel Endrizzi | SVP MARKETING | Key employee | 45 | $362,884 |
| Gary Meyer | SVP RETAIL BANKING | Key employee | 45 | $342,191 |
| Brad Shafton | SVP OF DIGITAL AND IT | Key employee | 45 | $329,866 |
| Janelle Borgmann | SVP FINANCE | Key employee | 45 | $310,320 |
| Rob Schmitt | SVP DIGITAL BANKING | Key employee | 45 | $267,520 |
| Jenn Hengel | SVP OF PROJECT MGMT | Key employee | 45 | $264,668 |
| Janel Eibenstiner | SVP BANKING OPERATIONS | Key employee | 45 | $250,131 |
| Marvin Hinnenkamp | DIRECTOR | Board | 2 | $15,900 |
| Mark Meyer | DIRECTOR | Board | 2 | $13,213 |
| Lori Nelson | DIRECTOR | Board | 2 | $12,263 |
| James Gondringer | DIRECTOR | Board | 2 | $10,185 |
| Michelle Hudak | SUP COMMITTEE | Board | 2 | $2,100 |
| Josh Krupke | SUP COMMITTEE | Board | 2 | $1,063 |
| Jonathan Olmscheid | SUP COMMITTEE | Board | 2 | $900 |
Top 10 paid people listed
These 10 people received $5,413,523, which is 15.3% of the $35,493,065 salary base shared by 488 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Charles Friederichs | CHIEF EXECUTIVE OFFICER | Officer | 45 | $1,132,433 | $0 | $102,397 | $1,234,830 |
| Greg Misterman | CHIEF CREDIT OFFICER | Officer | 45 | $657,753 | $0 | $88,543 | $746,296 |
| Stephanie Mayers | FINANCIAL ADVISOR | Highly paid employee | 45 | $446,525 | $0 | $76,514 | $523,039 |
| Ross Bloomquist | CHIEF EXPERIENCE OFFICER | Officer | 45 | $463,046 | $0 | $52,347 | $515,393 |
| Nancy Roske | CHIEF ADMIN OFFICER | Officer | 45 | $387,693 | $0 | $76,059 | $463,752 |
| Andrea Kraska | CHIEF OPERATIONS OFFICER | Officer | 45 | $345,862 | $0 | $76,585 | $422,447 |
| Matt Noska | CHIEF PEOPLE OFFICER | Officer | 45 | $333,395 | $0 | $64,369 | $397,764 |
| Michael Schwieters | FINANCIAL ADVISOR | Highly paid employee | 45 | $311,489 | $0 | $69,054 | $380,543 |
| Theresa Tschumperlin | CUSO CEO | Officer | 45 | $316,328 | $0 | $50,247 | $366,575 |
| Rachel Endrizzi | SVP MARKETING | Key employee | 45 | $296,573 | $0 | $66,311 | $362,884 |
Sources
- IRS e-file return 202512899349301726 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-0705136
- Organization website (as filed): www.mymagnifi.org