DEMOGRAPHIC
ADDRESS
20 4TH AVE SE
56352
COUNTY
stearns county, MN
IN CARE OF NAME
HEATH BURG
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNIFI FINANCIAL CREDIT UNION is a based in MELROSE, MN . Established in September 1944, it operates as an subordinate association and contributions are not tax-deductible .
With total assets of $2,335,249,765.00, this ranks 554 among 2,656,690 nonprofits nationally (Top 1%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 15 out of 53,624 organizations in MN (Top 1%).
In stearns county, MN, the organization ranks 1 out of 1,336 nonprofits by assets (Top 1%), while locally in melrose, it stands at 1 among 51 organizations (Top 1%).
The organization reported annual revenue of $128,720,153.00, ranking 3,698 nationally (Top 1%) and 83 in MN (Top 1%).
Within its specific NTEE classification ( - N/A), which includes 781,348 similar organizations, MAGNIFI FINANCIAL CREDIT UNION ranks 129 in assets (Top 1%) and 744 in revenue (Top 1%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
5: Association
DEDUCTIBILITY CODE
2: Contributions are not deductible
AFFILIATION CODE
9: Subordinate
SUBSECTION/CLASSIFICATION CODES
Credit Union
ACTIVITY CODES
Association of employees
Other school related activities
Endowment fund or financial services
NTEE COMMON CODE
N/A
NTEE CODE
N/A
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
9: $50,000,000 to greater
INCOME AMOUNT
$128,483,879.00
FORM 990 REVENUE AMOUNT
$128,720,153.00
RULING DATE
09/1944
ASSET CODE
9: $50,000,000 to greater
ASSET AMOUNT
$2,335,249,765.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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