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Person · officer / director

Charles Friederichs

Chief Executive Officer · Magnifi Financial Credit Union

Chief Executive Officer at Magnifi Financial Credit Union. Listed as an officer, director, or key employee across 1 organization on the Form 990 record.

This is me
Organizations
1
Roles reported
1
Reported compensation
$1.1M

Who this is

Profile

The filed facts are verified from the IRS filings. The biography is compiled from public web sources and grounded to that filed record.

✓ Verified from filings
●
Reported as Chief Executive Officer of Magnifi Financial Credit Union, based in Melrose, MN.
●
Received $1.1M in total reported compensation on the most recent Form 990 (Part VII).
Facts extracted directly from each organization's Form 990, Part VII.
Biography Web-sourced

Charles Friederichs is President and Chief Executive Officer of Magnifi Financial Credit Union, a Minnesota-based credit union serving 400,000+ members across Minnesota, North Dakota, and Wisconsin. He previously held COO roles at Magnifi and leadership positions at Fauquier Health, MetaBank, and the FDIC.

Compiled from public web sources (5 cited), grounded to the filed record.

Track record

Career & tenure

Real tenure, career, and education — from public web sources, what you need to vet a founder or leader beyond the filing window.

Tenure here
CEO since 2019
Education
  • Moorhead State University

Affiliations

Organizations

Magnifi Financial Credit Union Chief Executive Officer · $149.7M revenue · Melrose, MNCENTRAL MINNESOTA CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 71,842 MEMBERS.pay $664K → $1.1MFiled FY2024, FY2023, FY2022, FY2021, FY2020 · Source: Form 990, Part VII
$1.1Mreported comp

Network

Serves alongside

Other officers, directors & key employees at this person's organizations, by latest reported compensation.

G
Chief Credit Officer · FY2024
$658K
N
Chief Digital/Info Officer · FY2023
$539K
R
Chief Experience Officer · FY2024
$463K
S
Financial Advisor · FY2024
$447K
N
Chief Admin Officer · FY2024
$388K
A
Chief Operations Officer · FY2024
$346K
M
Chief People Officer · FY2024
$333K
D
Commercial Banking Officer · FY2023
$329K
T
Cuso CEO · FY2024
$316K
M
Financial Advisor · FY2024
$311K
R
SVP Marketing · FY2024
$297K
A
Chief Credit Officer · FY2020
$288K

Network

Recommendations

Written by other verified members of the network — visible once you're a verified person yourself.

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Public data from IRS Form 990 e-file & the Business Master File. Individuals appear here because they were named as an officer, director, or key employee on a nonprofit's Form 990; people are grouped by name plus corroborating evidence (Schedule R, shared address, shared board members). · philanthropy.org