Magnifi Financial Credit Union Revenue, Growth & Competitor Profile

DBA CENTRAL MINNESOTA CREDIT UNION

Company Profile & Annual Report for Magnifi Financial Credit Union

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Magnifi Financial Credit Union Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	52213 Credit Unions
Address	20 4th Avenue Se Melrose, MN 56352

Note: Revenues for privately held companies are statistical evaluations.


Magnifi Financial Credit Union's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Magnifi Financial Credit Union's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Magnifi Financial Credit Union is classified as operating in the Credit Unions industry, NAICS Code 52213.

Magnifi Financial Credit Union Annual Revenue and Growth Rate

Magnifi Financial Credit Union	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Magnifi Financial Credit Union's revenues are gauged from an analysis of company filings.

Magnifi Financial Credit Union's Income Statement (based on Industry Averages)

Magnifi Financial Credit Union P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Magnifi Financial Credit Union is developing and marketing. Magnifi Financial Credit Union's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
ULTUM GROUP Consumer lending services; Credit union services; Financial consulting; Financial management; Financial planning; Insurance brokerage; Insurance consultation; Insurance services, namely, writing property and casualty insurance; Mortgage lending; Real estate lending services	07/24/2023
ULTUM Consumer lending services; credit union services; financial consulting; financial management; financial planning; insurance brokerage; insurance consultation; insurance services, namely, writing property and casualty insurance; mortgage lending; real estate lending services	04/11/2022
MAGNIFY WEALTH MANAGEMENT Financial consulting; Financial management; Financial planning for retirement	12/09/2021

See all trademarks and details in the Full Report.

Market Share of Magnifi Financial Credit Union's Largest Competitors

A competitive analysis shows these companies are in the same general field as Magnifi Financial Credit Union, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
SIERRA PACIFIC POWER	Reno, NV	100
NAVY FEDERAL CREDIT UNION	Vienna, VA	70
MICHIGAN CREDIT UNION LEAGUE	Plymouth, MI	25
STATE EMPLOYEES CREDIT UNION	Raleigh, NC	23
PENTAGON FEDERAL CREDIT UNION	Tysons, VA	9
MOUNTAIN AMERICA CREDIT UNION	Sandy, UT	9
KINECTA FEDERAL CREDIT UNION	Manhattan Beach, CA	9
BOEING EMPLOYEES CREDIT UNION	Tukwila, WA	9
SCHOOLSFIRST FEDERAL CREDIT UNION	Santa Ana, CA	8

Nearby Competitors

These companies are similar in business line and location to Magnifi Financial Credit Union. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
STEARNS FINANCIAL SERVICES	St Cloud, MN	100
MAGNIFI FINANCIAL CREDIT UNION	Melrose, MN	92
DEERWOOD BANK	Waite Park, MN	40
UNITY BANK	Pierz, MN	31
FALCON NATIONAL BANK	Foley, MN	28
GREAT RIVER FEDERAL CREDIT UNION	St Cloud, MN	25

Future Competition: Magnifi Financial Credit Union's Fastest Growing Competitors

These companies are in the same general field as Magnifi Financial Credit Union and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)