MAGNIFI FINANCIAL CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE PROVIDING LOAN, DEPOSIT AND OTHER FINANCIAL SERVICES TO 84,983 MEMBERS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 29 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $813k
- Bonus
- $288k
- Other
- $31k
- Benefits
- $44k
- Base
- $557k
- Bonus
- $96k
- Other
- $5k
- Benefits
- $38k
- Base
- $447k
- Bonus
- —
- Other
- —
- Benefits
- $36k
- Base
- $342k
- Bonus
- $121k
- Other
- $266
- Benefits
- $1k
- Base
- $283k
- Bonus
- $105k
- Other
- $266
- Benefits
- $28k
- Base
- $258k
- Bonus
- $87k
- Other
- $266
- Benefits
- $38k
- Base
- $246k
- Bonus
- $88k
- Other
- $266
- Benefits
- $41k
- Base
- $311k
- Bonus
- —
- Other
- —
- Benefits
- $35k
- Base
- $231k
- Bonus
- $85k
- Other
- $266
- Benefits
- $14k
- Base
- $236k
- Bonus
- $60k
- Other
- $266
- Benefits
- $31k
- Base
- $215k
- Bonus
- $49k
- Other
- $266
- Benefits
- $34k
- Base
- $201k
- Bonus
- $44k
- Other
- $8k
- Benefits
- $37k
- Base
- $231k
- Bonus
- $48k
- Other
- $1k
- Benefits
- $35k
- Base
- $190k
- Bonus
- $45k
- Other
- $257
- Benefits
- $39k
- Base
- $202k
- Bonus
- $25k
- Other
- —
- Benefits
- $35k
- Base
- $183k
- Bonus
- $26k
- Other
- $2k
- Benefits
- $35k
- Base
- $165k
- Bonus
- $37k
- Other
- —
- Benefits
- $33k
- Base
- $169k
- Bonus
- $38k
- Other
- $218
- Benefits
- $33k
- Base
- $181k
- Bonus
- $34k
- Other
- —
- Benefits
- $2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentile | $813k | $288k | $31k | $44k | $1.2M $1.3M |
Chief Credit Officer Officer (Unspecified) | $557k | $96k | $5k | $38k | $746k $803k |
Financial Advisor Highest Compensated Employee Above 90th percentile | $447k | — | — | $36k | $523k $563k |
Chief Experience Officer Officer (Unspecified) | $342k | $121k | $266 | $1k | $515k $554k |
Chief Admin Officer Officer (Unspecified) | $283k | $105k | $266 | $28k | $464k $499k |
Chief Operations Officer Officer (Unspecified) | $258k | $87k | $266 | $38k | $422k $454k |
Chief People Officer Officer (Unspecified) | $246k | $88k | $266 | $41k | $398k $428k |
Financial Advisor Highest Compensated Employee Above 90th percentile | $311k | — | — | $35k | $381k $409k |
Cuso CEO Above 90th percentile | $231k | $85k | $266 | $14k | $367k $394k |
SVP Marketing Senior Vice President Median to 75th percentile | $236k | $60k | $266 | $31k | $363k $390k |
SVP Retail Banking Senior Vice President Median to 75th percentile | $215k | $49k | $266 | $34k | $342k $368k |
Market Pres Comm Banking Highest Compensated Employee 75th to 90th percentile | $201k | $44k | $8k | $37k | $332k $357k |
SVP of Digital and IT Senior Vice President Median to 75th percentile | $231k | $48k | $1k | $35k | $330k $355k |
SVP Finance Senior Vice President Median to 75th percentile | $190k | $45k | $257 | $39k | $310k $334k |
Market Pres Comm Banking Highest Compensated Employee 75th to 90th percentile | $202k | $25k | — | $35k | $290k $312k |
Commercial Banking Officer Highest Compensated Employee 75th to 90th percentile | $183k | $26k | $2k | $35k | $280k $302k |
SVP Digital Banking Senior Vice President Median to 75th percentile | $165k | $37k | — | $33k | $268k $288k |
SVP of Project Mgmt Senior Vice President Median to 75th percentile | $169k | $38k | $218 | $33k | $265k $285k |
SVP Banking Operations Senior Vice President Median to 75th percentile | $181k | $34k | — | $2k | $250k $269k |
Director Board Member 25th percentile to median | — | — | — | — | $16k $17k |
Director Board Member 25th percentile to median | — | — | — | — | $13k $14k |
Director Board Member 25th percentile to median | — | — | — | — | $12k $13k |
Treasurer Officer (Unspecified) | — | — | — | — | $12k $13k |
Director Board Member 25th percentile to median | — | — | — | — | $10k $11k |
Secretary Officer (Unspecified) | — | — | — | — | $9k $10k |
Vice Chairperson Board Vice Chair 25th percentile to median | — | — | — | — | $6k $7k |
Sup Committee Board Member 10th to 25th percentile | — | — | — | — | $2k $2k |
Sup Committee Board Member Below 10th percentile | — | — | — | — | $1k $1k |
Sup Committee Board Member Below 10th percentile | — | — | — | — | $900 $968 |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 1 unpaid individual.
Up 17%
from 2023
From $1.1M in 2023 to $1.2M in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 17% from 2023 to 2024, while revenue rose 16%.
- Highest Compensated Employee pay rose 14% from 2023 to 2024.
- Senior Vice President pay rose 11% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
MAGNIFI FINANCIAL CREDIT UNION reported revenue and expenses across 2 filing years.
Common questions about MAGNIFI FINANCIAL CREDIT UNION
What does the Chief Executive Officer of MAGNIFI FINANCIAL CREDIT UNION earn?
In 2024, the Chief Executive Officer of MAGNIFI FINANCIAL CREDIT UNION received $1,234,830 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MAGNIFI FINANCIAL CREDIT UNION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MAGNIFI FINANCIAL CREDIT UNION falls in the top 10%.
What are MAGNIFI FINANCIAL CREDIT UNION's revenue and expenses?
In 2024, MAGNIFI FINANCIAL CREDIT UNION reported $149.7M in total revenue and $141.6M in total expenses on its IRS Form 990.
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