Mission
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 · Schedule J · 29 reported individuals · Filing year 2024
Chief Executive Officer
$1.2M
$1.3M
- Base
- $813k
- Bonus
- $288k
- Other
- $31k
- Benefits
- $44k
Chief Credit Officer
officer (unspecified)
$746k
$803k
- Base
- $557k
- Bonus
- $96k
- Other
- $5k
- Benefits
- $38k
Financial Advisor
highest compensated employee
$523k
$563k
- Base
- $447k
- Bonus
- —
- Other
- —
- Benefits
- $36k
Chief Experience Officer
officer (unspecified)
$515k
$554k
- Base
- $342k
- Bonus
- $121k
- Other
- $266
- Benefits
- $1k
Chief Admin Officer
officer (unspecified)
$464k
$499k
- Base
- $283k
- Bonus
- $105k
- Other
- $266
- Benefits
- $28k
Chief Operations Officer
officer (unspecified)
$422k
$454k
- Base
- $258k
- Bonus
- $87k
- Other
- $266
- Benefits
- $38k
Chief People Officer
officer (unspecified)
$398k
$428k
- Base
- $246k
- Bonus
- $88k
- Other
- $266
- Benefits
- $41k
Financial Advisor
highest compensated employee
$381k
$409k
- Base
- $311k
- Bonus
- —
- Other
- —
- Benefits
- $35k
Cuso CEO
$367k
$394k
- Base
- $231k
- Bonus
- $85k
- Other
- $266
- Benefits
- $14k
SVP Marketing
senior vice president
$363k
$390k
- Base
- $236k
- Bonus
- $60k
- Other
- $266
- Benefits
- $31k
SVP Retail Banking
senior vice president
$342k
$368k
- Base
- $215k
- Bonus
- $49k
- Other
- $266
- Benefits
- $34k
Market Pres Comm Banking
highest compensated employee
$332k
$357k
- Base
- $201k
- Bonus
- $44k
- Other
- $8k
- Benefits
- $37k
SVP of Digital and IT
senior vice president
$330k
$355k
- Base
- $231k
- Bonus
- $48k
- Other
- $1k
- Benefits
- $35k
SVP Finance
senior vice president
$310k
$334k
- Base
- $190k
- Bonus
- $45k
- Other
- $257
- Benefits
- $39k
Market Pres Comm Banking
highest compensated employee
$290k
$312k
- Base
- $202k
- Bonus
- $25k
- Other
- —
- Benefits
- $35k
Commercial Banking Officer
highest compensated employee
$280k
$302k
- Base
- $183k
- Bonus
- $26k
- Other
- $2k
- Benefits
- $35k
SVP Digital Banking
senior vice president
$268k
$288k
- Base
- $165k
- Bonus
- $37k
- Other
- —
- Benefits
- $33k
SVP of Project Mgmt
senior vice president
$265k
$285k
- Base
- $169k
- Bonus
- $38k
- Other
- $218
- Benefits
- $33k
SVP Banking Operations
senior vice president
$250k
$269k
- Base
- $181k
- Bonus
- $34k
- Other
- —
- Benefits
- $2k
Director
board member
$16k
$17k
Director
board member
$13k
$14k
Director
board member
$12k
$13k
Treasurer
officer (unspecified)
$12k
$13k
Director
board member
$10k
$11k
Secretary
officer (unspecified)
$9k
$10k
Vice Chairperson
board vice chair
$6k
$7k
Sup Committee
board member
$2k
$2k
Sup Committee
board member
$1k
$1k
Sup Committee
board member
$900
$968
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer | $813k | $288k | $31k | $44k | $1.2M $1.3M |
Chief Credit Officer officer (unspecified) | $557k | $96k | $5k | $38k | $746k $803k |
Financial Advisor highest compensated employee | $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 | $311k | — | — | $35k | $381k $409k |
Cuso CEO | $231k | $85k | $266 | $14k | $367k $394k |
SVP Marketing senior vice president | $236k | $60k | $266 | $31k | $363k $390k |
SVP Retail Banking senior vice president | $215k | $49k | $266 | $34k | $342k $368k |
Market Pres Comm Banking highest compensated employee | $201k | $44k | $8k | $37k | $332k $357k |
SVP of Digital and IT senior vice president | $231k | $48k | $1k | $35k | $330k $355k |
SVP Finance senior vice president | $190k | $45k | $257 | $39k | $310k $334k |
Market Pres Comm Banking highest compensated employee | $202k | $25k | — | $35k | $290k $312k |
Commercial Banking Officer highest compensated employee | $183k | $26k | $2k | $35k | $280k $302k |
SVP Digital Banking senior vice president | $165k | $37k | — | $33k | $268k $288k |
SVP of Project Mgmt senior vice president | $169k | $38k | $218 | $33k | $265k $285k |
SVP Banking Operations senior vice president | $181k | $34k | — | $2k | $250k $269k |
Director board member | — | — | — | — | $16k $17k |
Director board member | — | — | — | — | $13k $14k |
Director board member | — | — | — | — | $12k $13k |
Treasurer officer (unspecified) | — | — | — | — | $12k $13k |
Director board member | — | — | — | — | $10k $11k |
Secretary officer (unspecified) | — | — | — | — | $9k $10k |
Vice Chairperson board vice chair | — | — | — | — | $6k $7k |
Sup Committee board member | — | — | — | — | $2k $2k |
Sup Committee board member | — | — | — | — | $1k $1k |
Sup Committee board member | — | — | — | — | $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.
$1.1M
2023
$1.2M
2024
$1.1M
2023
$1.2M
2024
In today's dollarsEst.
Up 14% in real terms$1.2M to $1.3M
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.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
MAGNIFI FINANCIAL CREDIT UNION reported revenue and expenses across 2 filing years.
RevenueExpenses
$128.7M
$108.6M
2023
$149.7M
$141.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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