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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 2022. Filed on April 17, 2023.

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 2022 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 102 total employees. Among the employees shown here, the average compensation is $432,078. The highest compensated employee at Michigan Educational Credit Union is Robert Sandercock with fiscal year 2022 compensation of $1,956,335.

Revenue, expenses, and employee compensation

Revenue

$30,107,433

Expenses

$26,318,782

Employee compensation

$10,718,890
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Sandercock
Chief Executive Officer
$1,956,335
$1,853,686 No related comp$102,649
Henry Willson
Executive Vice President
$538,808
$445,858 No related comp$92,950
Jeffrey Cusmano
Vice President
$370,770
$310,164 No related comp$60,606
Kevin Finneran
Chief Financial Officer
$352,219
$270,958 No related comp$81,261
Joseph Rassette
Vice President, Information Technology
$288,694
$221,506 No related comp$67,188
Ellen Goers
Vice President, Accounting
$260,466
$217,712 No related comp$42,754
Lisa Kania
Branch Manager
$222,490
$166,120 No related comp$56,370
Andrea Klebba
Executive Assistant
$208,145
$153,510 No related comp$54,635
Emily Fricks
Marketing Supervisor
$197,077
$149,512 No related comp$47,565
Kelly Borowski
Branch Manager
$183,995
$129,809 No related comp$54,186
Nichole Hatch
Branch Manager
$173,856
$123,844 No related comp$50,012

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
Scott Szukaitis
Director
Steven Rodriguez
Vice Chair
William Wooster
Treasurer

Contractors

Fiserv
Core Processing System Etc
$3,239,959
Pscu
Credit Card Processing
$732,870
Cooperative Financial Services
Shared Branching ATM Network Debit Car
$579,556
Cbts Altafiber
Communication and Network Lines
$333,086
Diebold Nixdorf Inc.
ATM Machines and Drive Thru
$231,290

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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