Why Magnifi Financial Credit Union
FY2024 · Form 990Its mission and biggest programs, as filedOffers loans, deposits, and financial services to its members.
- Magnifi Financial Credit Union paid dividends of $45,706,274.33 on amounts deposited by members.
- As a state chartered Credit Union we provide a variety of depository services to our membership. The Credit Union had 263,882 member accounts with deposits of $2,034,678,956.83 as of december 31, 2024.
- As a state chartered Credit Union we provide a variety of lending services to our membership including retail, commercial and agricultural loans. The Credit Union had 44,379 loans outstanding as of december 31, 2024, with balances of $1,874,879,028.01
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgPays its leaders
$264K–$1.1M
12 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$141.6M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
420
employees
10 volunteers
Fine: from the org's Form 990.
Pt I · Ln 5–6
Surplus or deficit
+5%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
21 mo
of spending, in cash and securities
Looks good: 21.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
IRS status
501(c)(14)
tax-exempt since 1944
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.
About the role
The org's own posting, as writtenPOSITION SUMMARY
Responsible for consulting with Magnifi Financial members in person, on the phone and through digital channels. Educates, recommends, and sells products and services to members, including digital solutions. Performs member transactions in a timely, accurate and courteous manner.
About Magnifi Financial Credit Union
From its Form 990- Budget $149.7M
- Staff 420 · founded 1939
- Pays its leaders $264K–$1.1M (12 reported)
- Open jobs 9 · Jobs at Magnifi Financial Credit Union · Full 990 report