In FY2024, Minnesota Business Finance Corporation reported 18 officers and key employees. Total reported compensation was $1,240,809, with the highest-paid officer earning $317,546.
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| Name | Title | Compensation |
|---|---|---|
| Nadene Kruize | PRESIDENT & CEO | $317,546 |
| Joseph Kammermeier | VICE PRESIDENT BUSINESS DE | $174,797 |
| Terry Stein | VICE PRESIDENT BUSINESS DE | $162,965 |
| Michael Stearns | VICE PRESIDENT BUSINESS DE | $149,923 |
| Joshuaa Laffen | VICE PRESIDENT BUSINESS DE | $137,108 |
| Sarah Borgman | CHIEF CREDIT OFFICER | $130,779 |
| Jennifer Fitzpatrick | VICE PRESIDENT, LOAN PORTF | $120,591 |
| Maurice Durheim | BOARD MEMBER | $6,300 |
| Carol Anderson | CHAIRMAN | $5,400 |
| Bob Palmquist | TREASURER | $4,800 |
| Dusten Johnson | BOARD MEMBER | $4,800 |
| Dale Umlauf | SECRETARY | $4,800 |
| Dan Nygaard | VICE CHAIR | $3,900 |
| Matthew Dorothy | BOARD MEMBER | $3,600 |
| Nancy Hoffman | BOARD MEMBER | $3,600 |
| Mark Schik | BOARD MEMBER | $3,600 |
| Chad Syltie | BOARD MEMBER | $3,600 |
| James Vrchota | BOARD MEMBER | $2,700 |
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