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  • Writer's pictureKelsie Papenhausen

Magnifi Financial Donates Over 1 Million Pounds Of Food Through 3 Essentials Program

Our 3 Essentials program is a social giving program that addresses the essentials of life: food, housing, and clothing.

Magnifi Financial has achieved a monumental milestone by donating over 1,010,692 pounds of food, 2,878 nights of shelter, and 7,148 items of clothing to local non-profit organizations throughout Minnesota since 2016 through our 3 Essentials program.

By partnering with Magnifi Financial, you play a vital role in powering our 3 Essentials program. Get an essential financial account or loan, and we’ll give a life essential back to local communities.

  • We donate 100 pounds of food to a local food shelf when you purchase a new auto loan

  • We donate 1 night of housing to someone in need when you finance a new purchase or refinanced home loan

  • We donate 1 item of clothing to someone in need when you open a new personal checking account

This program has significantly alleviated hunger, homelessness, and clothing insecurity among individuals and families in need through strategic partnerships and unwavering dedication. But there is still more work to be done.

More than 60% of Americans live paycheck to paycheck, which means more of our neighbors face food insecurity.  In 2023, Minnesota food shelves saw 7.5 million visits—2 million more than the record-setting 5 million visits they saw in 2022. In Minnesota alone, 1 in 15 people face hunger—roughly 390,000 people, 120,650 of whom are children. Hunger is a growing issue in our state, and Magnifi Financial is dedicated to being part of the solution.

“The impact of these contributions extends far beyond mere statistics, touching the lives of countless individuals who rely on the generosity of community-driven initiatives. By providing essential resources such as food, shelter, and clothing, Magnifi Financial meets immediate needs and empowers individuals to build brighter futures for themselves and their families.”

Ross Bloomquist, Chief Experience Officer, Magnifi Financial

About Magnifi Financial Credit Union

Magnifi Financial is a full-service community-based credit union with $2.4 billion in assets and serves nearly 85,000 members. Magnifi Financial offers retail banking, commercial banking, mortgages, and wealth management services through our extensive 25-branch network and best-in-class digital banking services. Within the last year, Magnifi Financial was named one of the nation’s top-performing credit unions, St. Cloud Times Community Choice Awards for Best of Central Minnesota 2023 for Best Credit Union/Financial Institution, Best Mortgage Lending Company, and Best Financial Planning, and Star Tribune Minnesota’s Best top three for Credit Unions, Ag Lender, and Wealth Management. To learn more, visit


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