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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 The Local Credit Union

The Local Credit Union

Fiscal year ending 2024. Filed on June 10, 2025.

39139 Mound Road
Sterling Heights, Michigan 48310

The Local Credit Union (EIN: 38-1406340) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Local Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 27 total employees. Among the employees shown here, the average compensation is $152,787. The highest compensated employee at The Local Credit Union is Joe Hallman with fiscal year 2024 compensation of $260,368. The Local Credit Union changed its name from Credit Unions Chartered in the State of Michigan in 2017.

Revenue, expenses, and employee compensation

Revenue

$5,651,272

Expenses

$5,350,420

Employee compensation

$2,014,672
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joe Hallman
President and Chief Executive Officer
$260,368
$214,426 No related comp$45,942
Sherry Lawfield
Vice President, Retail Operations
$130,950
$110,074 No related comp$20,876
Roy MacDonald
Lending Manager
$115,181
$96,033 No related comp$19,148
H Frank Voelker
Accounting Manager
$104,649
$86,363 No related comp$18,286

Benchmark Employee Compensation

Non-Employee Board Members

David Bryant
Director
Jimmie Cole
Vice Chair
John Liss
Director
Joseph Cusenza
Chair
Michael Wagner
Director
Nicole Dida
Treasurer
Robert Gowatch
Director

Contractors

Cooperative Financial Services
ATM and Shared Bra
$309,940
Corelation Inc.
Core Software
$229,509
Kasasa Ltd.
Consulting
$161,767

Mission Statement

TO PROVIDE OUR MEMBERS WITH AN INNOVATIVE AND QUALITY FULL SERVICE FINANCIAL SYSTEM.

Other organizations also named The Local Credit Union

United Local Credit Union
Fresno, California

Revisions to this organization profile

June 10, 2025:
2024 The Local Credit Union 990 filed
August 13, 2024:
2023 The Local Credit Union 990 filed
August 21, 2023:
2022 The Local Credit Union 990 filed

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