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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 2024. Filed on October 30, 2025.

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 2024 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 125 total employees. Among the employees shown here, the average compensation is $213,563. The highest compensated employee at Loc Credit Union is Stephen P Grech with fiscal year 2024 compensation of $344,037. Loc Credit Union changed its name from Memberfocus Community Credit Union in 2022.

Revenue, expenses, and employee compensation

Revenue

$22,216,364

Expenses

$18,423,660

Employee compensation

$7,798,769
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Stephen P Grech
President and Chief Executive Officer
$344,037
$301,964 No related comp$42,073
Jonathon Elliott
Senior Executive Vice President
$261,067
$224,438 No related comp$36,629
Christena Koester
Executive Vice President Operations and Technology
$242,524
$186,525 No related comp$55,999
Kari Ciaramitaro
Executive Vice President, Finance
$216,079
$187,241 No related comp$28,838
Darin Bentley
Vice President and Chief Information Officer
$198,341
$165,256 No related comp$33,085
William Cook
Vice President of REAL Estate Lending
$192,723
$165,573 No related comp$27,150
Marc Buchanan
Vice President and Chief Marketing/Digital Banking Officer
$171,179
$151,671 No related comp$19,508
Kimberly Hagstrom
Vice President and Chief Financial Officer
$153,528
$144,079 No related comp$9,449
John Scott
Vice President and Chief Lending Officer
$142,590
$118,404 No related comp$24,186

Benchmark Employee Compensation

Non-Employee Board Members

Anne Schroeder
Director
Betty Richards
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
Paul Wydendorf
Director

Contractors

Mdt
Data Processing
$756,438
Veleraco-Op
Card Processing
$650,258
Alkami
Digital Banking
$417,584
Digmed LLC Dba WHITE64
Marketing/Loan and New Account Software
$356,519
Xfer Communications
IT and Network
$169,250

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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