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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 First Credit Union

Michigan First Credit Union

Fiscal year ending 2023. Filed on October 7, 2024.

27000 Evergreen Road
Lathrup Village, Michigan 48076

Michigan First Credit Union (EIN: 38-0481580) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2023 IRS Form 990 filing, Michigan First Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 17 out of 633 total employees. Among the employees shown here, the average compensation is $353,049. The highest compensated employee at Michigan First Credit Union is Patricia Jones with fiscal year 2023 compensation of $717,869.

Revenue, expenses, and employee compensation

Revenue

$123,630,180

Expenses

$106,203,052

Employee compensation

$44,162,745
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patricia Jones
Chief Human Resources Officer
$717,869
$602,948 No related comp$114,921
Jennifer Borowy
Chief Executive Officer
$645,235
$606,632 No related comp$38,603
Daniel Sugg
Chief Mortgage Officer
$541,747
$471,393 No related comp$70,354
Matthew West
Mortgage Loan Officer
$443,762
$410,750 No related comp$33,012
Gerald Bettens
Chief Information Officer
$419,958
$336,615 No related comp$83,343
Susan Postemski
Chief DATA Analytics Officer
$382,293
$304,906 No related comp$77,387
Jeffrey Fitrzyk
Chief Lending Officer
$380,202
$302,244 No related comp$77,958
Jennifer Glenfield
Chief Marketing Officer
$335,976
$290,303 No related comp$45,673
Janet Barden
Chief Financial Officer
$311,630
$281,471 No related comp$30,159
Brian McCown
AVP, Mortgage Operations
$281,480
$247,818 No related comp$33,662
Larry Rice
Director of IT Service DEL
$268,051
$231,432 No related comp$36,619
Delonaka Edwards
Chief Operating Officer
$262,324
$245,777 No related comp$16,547

Benchmark Employee Compensation

Non-Employee Board Members

Dandridge Floyd
Director
Deirdre Scott
Vice Chair
Donna Vandervries
Director
Ines de Jesus
Director
Linda Height
Board Chair
Luis Cely
Director
Mike Hohf
Treasurer
Nadine Tibbs-Stallworth
Secretary
Sheila Anderson
Director

Contractors

TRACE3
Phone and Netowrk Support and Licensing
$4,220,822
Etkin
Bldg Maintenance/Property Management
$2,248,698
Alimar Security Inc.
Security Guards at Branches
$1,616,269
Diebold Nixdorf Inc.
ATM Machines
$1,190,950
Allied Solutions LLC
Vsi Premiums 2Nd Mtg and Heloc
$1,070,783

Mission Statement

TO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS.

Revisions to this organization profile

October 1, 2025:
2024 Michigan First Credit Union 990 filed
October 7, 2024:
2023 Michigan First Credit Union 990 filed
November 2, 2023:
2022 Michigan First Credit Union 990 filed

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