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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Great Lakes Credit Union

Great Lakes Credit Union

Fiscal year ending 2022. Filed on November 2, 2023.

2111 Waukegan Road
Bannockburn, Illinois 60015

Great Lakes Credit Union (EIN: 36-1163912) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Great Lakes Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 343 total employees. Among the employees shown here, the average compensation is $263,136. The highest compensated employee at Great Lakes Credit Union is Steven Bugg with fiscal year 2022 compensation of $616,251.

Revenue, expenses, and employee compensation

Revenue

$54,056,794

Expenses

$44,878,605

Employee compensation

$20,733,923
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Bugg
President and Chief Executive Officer
$616,251
$539,409 No related comp$76,842
Michael Hersh
Chief Administrative Officer
$310,395
$254,494 No related comp$55,901
Elizabeth Osborne
Chief Operating Officer
$283,448
$228,235 No related comp$55,213
Fay Shaoul
Mortgage Loan Officer
$273,468
$269,519 No related comp$3,949
Bonita Fontenot
Mortgage Loan Originator
$264,851
$253,102 No related comp$11,749
Robert Foss
Senior Mortgage Loan Officer
$249,052
$240,319 No related comp$8,733
Donna Wiorek
Senior Vice President, Accounting and Finance
$241,833
$232,018 No related comp$9,815
Michelle Shelton
Chief Experience Officer (Until 8/19/22)
$221,418
$177,815 No related comp$43,603
Marcos Gonzalez
Mortgage Loan Originator
$219,676
$194,442 No related comp$25,234
Timothy Lukomski
Chief Financial Officer
$139,112
$128,661 No related comp$10,451
Fred Campobasso
Chief Lending Officer (Started 9/30/22)
$74,988
$70,035 No related comp$4,953

Benchmark Employee Compensation

Non-Employee Board Members

Cathy Corbi
Director
David Goles
Director
James A Fabrie
Treasurer
Jim E March
Secretary
Kevin Leman
Director
Krystal Topps
Director
Patrice Price
Vice Chair
R Lee Piekarz
Director
Stephen M Park
Chair

Contractors

Jack Henry & Associates
Software
$687,499
Access Softekinc
IT
$634,588
Velocity Merchant Services
Core Processing and Interchange
$452,068
Doxim Inc.
Software
$408,729
Synergi Partners Inc.
Consulting
$355,807

Mission Statement

THE PRIMARY EXEMPT PURPOSE OF GREAT LAKES CREDIT UNION (GLCU) IS TO PROVIDE LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL SERVICES THAT PROMOTE THE FINANCIAL PROSPERITY OF OUR MEMBERS.

Revisions to this organization profile

November 7, 2025:
2024 Great Lakes Credit Union 990 filed
May 13, 2024:
2023 Great Lakes Credit Union 990 filed
November 2, 2023:
2022 Great Lakes Credit Union 990 filed

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Great Lakes Credit Union Inc
Sylvania, Ohio