Compensation 990

Lafcu

Fiscal year ending 2024. Filed on November 17, 2025.

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 2024 IRS Form 990 filing, Lafcu, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 222 total employees. Among the employees shown here, the average compensation is $372,712. The highest compensated employee at Lafcu is Patrick Spyke with fiscal year 2024 compensation of $1,472,927.

Revenue, expenses, and employee compensation

Revenue

$177,489,649

Expenses

$69,496,099

Employee compensation

$20,342,535
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋160.1%vs 2023
Patrick Spyke
Chief Executive Officer
$1,472,927
$1,368,082 from orgNo related comp$104,845 other
＋26.5%vs 2023
Robyn Howell
Senior Vice President and Chief Operating Officer
$338,341
$273,116 from orgNo related comp$65,225 other
＋3.1%vs 2023
Kelli Ellsworth-Etchison
Chief Marketing Ofcr./Chie
$322,312
$263,934 from orgNo related comp$58,378 other
＋8.1%vs 2023
Jason Smith
Chief Lending Officer
$247,212
$192,806 from orgNo related comp$54,406 other
＋8.5%vs 2023
Emily Jannereth
Chief Technology Officer
$235,001
$199,307 from orgNo related comp$35,694 other
＋15.1%vs 2023
Leslie Rorie
Chief Financial Officer
$224,611
$190,593 from orgNo related comp$34,018 other
New in 2024
Amy Adam
Vice President of Cards
$178,384
$147,252 from orgNo related comp$31,132 other
New in 2024
Stephen Schmitt
Corporate Strategist
$174,244
$144,577 from orgNo related comp$29,667 other
＋0.0%vs 2023
Kimberly Austin
Executive Implementation Officer
$161,377
$140,781 from orgNo related comp$20,596 other

Non-Employee Board Members

Jere Auvenshine
Board Member
Melvin Coleman
Board Member
Melvin Place
BOD Vice-President
Paulette Warren
Board Member
Randy Freeman
Board President
Tom Culpepper
Board Secretary
Tom Martinson
Board Treasurer

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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