The $299 million General Mills Federal Credit Union in St. Paul, Minn., has designated the late Merlin J. Magnusson as a Credit Union Builder through the Minnesota Credit Union Foundation.
Magnusson, the credit union’s first general manager, was honored following his passing on July 1.
Magnusson graduated from the University of Minnesota. He began his career at GMFCU – which has a membership of 28,000 – on March 1, 1966 and worked for the credit union for 25 years before retiring in 1991.
“Merlin was a strong leader in the early years of the credit union and remained a member of GMFCU until his passing,” said GMFCU President/CEO Kent Greff.
“He dedicated much of his career to building GMFCU into the credit union it is today, and his many contributions to the organization and the industry will not be soon forgotten.”
Magnusson was a frequent visitor to the credit union and familiar face to both employees and members, the foundation.
“The ability to pay tribute to credit union forefathers like Merlin Magnusson was the exact reason why the Foundation established the Credit Union Builder program,” said Pat Brekken, chair of the Minnesota Credit Union Foundation.
Magnusson joins 22 other individuals who have been honored over the past six years with the MnCUF's Credit Union Builder Award.
The names of the recipients and the contributing credit unions are permanently displayed in the Minnesota Credit Union Network's lobby as a tribute to their accomplishments.