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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 Lafcu

Lafcu

Fiscal year ending 2018. Filed on October 29, 2019.

106 N Marketplace Boulevard
Lansing, Michigan 48917

Lafcu (EIN: 38-0893210) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Lafcu, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 183 total employees. Among the employees shown here, the average compensation is $191,194. The highest compensated employee at Lafcu is Patrick Spyke with fiscal year 2018 compensation of $408,855.

Revenue, expenses, and employee compensation

Revenue

$38,286,566

Expenses

$32,982,472

Employee compensation

$14,677,648
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patrick Spyke
Chief Executive Officer
$408,855
$338,717 No related comp$70,138
Michael Shupe
CLO
$200,552
$155,695 No related comp$44,857
Tamela McPherson
Chief Financial Officer
$184,706
$161,331 No related comp$23,375
Brian Wixson
Chief Information Officer
$182,220
$139,876 No related comp$42,344
Donald Killian
Controller
$165,621
$130,592 No related comp$35,029
Kelli Etchison
Senior Vice President, Marketing
$151,237
$116,533 No related comp$34,704
Louann Keitchen
Vice President, Lending
$120,488
$105,611 No related comp$14,877
Todd Thelen
Vice President, Facilities
$115,869
$101,511 No related comp$14,358

Benchmark Employee Compensation

Non-Employee Board Members

Harold Foster
Board President
Jere Auvenshine
Board Member
Melvin Place
Board Vice President
Paulette Warren
Board Member
Randy Freeman
Board Member
Tom Culpepper
Board Secretary
Tom Martinson
Board Treasurer

Contractors

Cu Cooperative Systems Inc.
ATM and Card Processing
$1,459,162
Informa Business Systems
Itm and ATM Sales
$939,326
Pcsu
Credit Processing
$763,490
Member Driven Technologies
Core Processing
$645,488
Smith and Johnson Attorney
Legal
$504,360

Mission Statement

WHILE PROMOTING THE CREDIT UNION PHILOSOPHY, WE ARE COMMITTED TO PROVIDING FINANCIAL SERVICES FOR THE CHANGING NEEDS OF OUR MEMBERS AND HELPING THEM OBTAIN PERSONAL FINANCIAL SECURITY.

Revisions to this organization profile

November 17, 2025:
2024 Lafcu 990 filed
October 29, 2024:
2023 Lafcu 990 filed
November 9, 2023:
2022 Lafcu 990 filed

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