CSCharityScored
87

Magnifi Financial Credit Union

Other · Melrose, Minnesota

20 4Th Ave Se, Melrose, MN 56352-1356

EIN: 410705136· Founded: Sep 1944· 82 years active· Filing Year: 2023

Annual Revenue

$128.7M

Total Expenses

$108.6M

Total Assets

$2.3B

Program Spending

100%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$5.4M

5.0% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$28.5M

Total Payroll

$33.9M

31% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 31%
Other overhead: 0%
Program Revenue$108.3M (84%)
Total Expenses$108.6M (84%)
Payroll$33.9M (31%)
Overhead (non-program)0%

Trust Score Breakdown

Program Spending Ratio

100% of expenses go to programs

40%

Revenue & Stability

$128.7M annual revenue

15%

Executive Compensation

$5.4M total officer comp (5.0% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$2.3B in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.