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Organizations Lafcu

Lafcu

Fiscal year ending 2023. Filed on October 29, 2024.

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 2023 IRS Form 990 filing, Lafcu, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 214 total employees. Among the employees shown here, the average compensation is $259,918. The highest compensated employee at Lafcu is Patrick Spyke with fiscal year 2023 compensation of $566,300.

Revenue, expenses, and employee compensation

Revenue

$64,543,625

Expenses

$57,206,143

Employee compensation

$18,279,367
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patrick Spyke
Chief Executive Officer
$566,300
$473,374 No related comp$92,926
Kelli Ellsworth-Etchison
Chief Marketing Ofcr./Chie
$312,568
$255,966 No related comp$56,602
Robyn Howell
Senior Vice President and Chief Operating Officer
$267,374
$211,273 No related comp$56,101
Jason Smith
Chief Lending Officer
$228,673
$177,075 No related comp$51,598
Emily Jannereth
Chief Technology Officer
$216,501
$182,888 No related comp$33,613
Angela Ruzinsky
Chief Membership Officer
$214,542
$170,101 No related comp$44,441
Leslie Rorie
Chief Financial Officer
$195,180
$164,654 No related comp$30,526
Ahmed Issawi
IT Manager
$176,798
$153,408 No related comp$23,390
Kimberly Austin
Director of Collections
$161,327
$140,148 No related comp$21,179

Benchmark Employee Compensation

Non-Employee Board Members

Harold Foster
BOD President(Until February 2023)
Jere Auvenshine
Board Member
Melvin Coleman
Board Member
Melvin Place
BOD Vice-President
Paulette Warren
Board Member
Randy Freeman
BOD President(Effective March 2023)
Tom Culpepper
Board Secretary
Tom Martinson
Board Treasurer

Contractors

Cu Cooperative Systems Inc.
Card Processing
$2,734,294
Informa Business Systems Inc.
Itm Equipment/Services
$2,387,040
Mdt
Core System Processing
$2,376,929
Grigg Media LLC
Marketing
$914,213
Marquis Software Solutions Inc.
Marketing/Mcif
$613,825

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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