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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 Michigan Educational Credit Union

Michigan Educational Credit Union

Fiscal year ending 2018. Filed on August 9, 2019.

9200 Haggerty Rd
Plymouth, Michigan 48170

Michigan Educational Credit Union (EIN: 38-1305916) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Michigan Educational Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 93 total employees. Among the employees shown here, the average compensation is $356,457. The highest compensated employee at Michigan Educational Credit Union is Robert Sandercock with fiscal year 2018 compensation of $1,527,859.

Revenue, expenses, and employee compensation

Revenue

$30,237,981

Expenses

$24,634,746

Employee compensation

$9,698,498
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Sandercock
Chief Executive Officer
$1,527,859
$1,438,758 No related comp$89,101
Henry Willson
Executive Vice President
$391,641
$316,024 No related comp$75,617
Jeffrey Cusmano
Vice President
$280,842
$233,805 No related comp$47,037
Kevin Finneran
Chief Financial Officer
$254,766
$196,747 No related comp$58,019
Ellen Paparelli
Vice President, Accounting
$225,807
$177,673 No related comp$48,134
Gail Cochran
Executive Assistant
$198,027
$154,133 No related comp$43,894
Joseph Rassette
IT Supervisor
$187,381
$141,686 No related comp$45,695
Richard Norris
Branch Manager
$182,276
$136,269 No related comp$46,007
James Brunton
Collections Manager
$176,007
$136,169 No related comp$39,838
David Foster
Branch Manager
$139,961
$112,366 No related comp$27,595
Mark Pugliese
Chief Financial Officer (Through 1/3)
$0

Benchmark Employee Compensation

Non-Employee Board Members

Alonzo Glaze
Chair
Amy McQuiston
Director
Deborah Elliston
Director
Gregory Baracy
Director
Michelle Randall
Director
Robin J E Long
Secretary
Scot Szukaitis
Director
Steven Rodriguez
Vice Chair
William Wooster
Treasurer

Contractors

Fiserv
Core Processing System Etc
$2,462,268
Mms Mortgage Services Ltd.
Sub-Servicer of First Mortgage Portfolio
$841,131
Pscu
Credit Card Processing
$567,502
Diebold Nixdorf Inc.
ATM Machines
$447,084
Cooperative Financial Services
Shared Branching ATM Network Debit Car
$341,749

Mission Statement

To provide members with quality, comprehensive and cost effective financial services.

Revisions to this organization profile

July 7, 2025:
2024 Michigan Educational Credit Union 990 filed
April 10, 2024:
2023 Michigan Educational Credit Union 990 filed
April 17, 2023:
2022 Michigan Educational Credit Union 990 filed

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