Compensation 990

Lafcu

Fiscal year ending 2019. Filed on October 9, 2020.

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 2019 IRS Form 990 filing, Lafcu, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 177 total employees. Among the employees shown here, the average compensation is $210,418. The highest compensated employee at Lafcu is Patrick Spyke with fiscal year 2019 compensation of $446,183.

Revenue, expenses, and employee compensation

Revenue

$43,479,866

Expenses

$35,430,696

Employee compensation

$15,134,171
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

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 Debit Network
$1,510,202
Member Driven Technologies
Core Processing
$1,404,691
Informa Business Systems
Itm and ATM Sales
$1,088,617
Pcsu
Credit Processing
$831,156
Smith and Johnson Attorney
Legal/Collection
$513,937

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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