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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 Loc Credit Union

Loc Credit Union

Fiscal year ending 2023. Filed on September 13, 2024.

22981 Farmington Road
Farmington, Michigan 48336

Loc Credit Union (EIN: 38-0549595) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Loc Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 101 total employees. Among the employees shown here, the average compensation is $205,022. The highest compensated employee at Loc Credit Union is Stephen P Grech with fiscal year 2023 compensation of $347,613. Loc Credit Union changed its name from Memberfocus Community Credit Union in 2022.

Revenue, expenses, and employee compensation

Revenue

$18,776,561

Expenses

$14,618,058

Employee compensation

$6,997,436
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Stephen P Grech
President and Chief Executive Officer
$347,613
$298,133 No related comp$49,480
Jonathon Elliott
Senior Executive Vice President
$266,978
$220,594 No related comp$46,384
Kari Ciaramitaro
Executive Vice President, Finance
$212,286
$176,457 No related comp$35,829
Christena Koester
Executive Vice President Operations and Technol
$210,262
$165,185 No related comp$45,077
Darin Bentley
Vice President and Chief Information Officer
$189,112
$152,553 No related comp$36,559
William Cook
Vice President of REAL Estate Lending
$183,633
$145,309 No related comp$38,324
Kimberly Hagstrom
Vice President and Chief Financial Officer
$155,739
$146,387 No related comp$9,352
Marc Buchanan
Vice President and Chief Marketing/Digital Banking Officer
$152,266
$133,730 No related comp$18,536
Karla Walker
Director of Consumer Lending Support
$127,305
$103,334 No related comp$23,971

Benchmark Employee Compensation

Non-Employee Board Members

Anne Schroeder
Director
Betty Richards
Director
Charles Lacey
Director
Dale Countegan
Treasurer
David Drake
Director
Domenic Lauria
Director
Michael Connolly
Director
Michael Lasley
Chair
Natalie Clemons
Director
Patrick Monti
Director
Paul Hain
Secretary
Paul J Renko Jr
Vice Chair

Contractors

Mdt
Data Processing
$701,335
Cooperative Financial Services
Card Processing
$533,269
Alkami
Digital Banking
$464,248
Lindhout Associates Architects AIA PC
Brighton Branch General Contractor
$435,594
Digmed LLC Dba WHITE64
Marketing/Loan and New Account Software
$334,393

Mission Statement

WE OFFER A COMMITTMENT TO OUR MEMBERS TO PROVIDE QUALITY FINANCIAL SERVICES IN A FRIENDLY MANNER WITH SOUND PROFESSIONAL LEADERSHIP.

Revisions to this organization profile

October 30, 2025:
2024 Loc Credit Union 990 filed
September 13, 2024:
2023 Loc Credit Union 990 filed
November 6, 2023:
2022 Loc Credit Union 990 filed

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