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Magnifi Financial Credit Union

501(c)
DBA: % HEATH BURG
Other · MELROSE, MN · EIN 41-0705136

About

Magnifi financial credit union is a member owned financial cooperative providing loan, deposit and other financial services to 84,983 members.

In care of Heath BURG

Donations are NOT tax-deductible
Category
Other
Employees
488
Volunteers
1

Financial Snapshot

FY ending 2024-12-31
Revenue
$149.7M
Expenses
$141.6M
Assets
$2.4B
Liabilities
$2.2B

Financial history

$149.7M$74.8M$0
1718192021222324
RevenueExpenses
Latest FY2024: $149.7M · Avg: $90.1M
MAGNIFI FINANCIAL CREDIT UNION
Your actions

Address

20 4TH AVE SE
Melrose, MN, 56352-135

Governance

Voting board members8
Independent members8
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.