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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 2023. Filed on August 13, 2024.

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 2023 IRS Form 990 filing, The Local Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 3 out of 26 total employees. Among the employees shown here, the average compensation is $160,677. The highest compensated employee at The Local Credit Union is Joseph Hallman with fiscal year 2023 compensation of $252,635. The Local Credit Union changed its name from Credit Unions Chartered in the State of Michigan in 2017.

Revenue, expenses, and employee compensation

Revenue

$5,229,098

Expenses

$5,061,470

Employee compensation

$1,936,826
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Hallman
President and Chief Executive Officer
$252,635
$209,177 No related comp$43,458
Sherry Lawfield
Vice President, Retail Operations
$127,312
$107,356 No related comp$19,956
H Frank Voelker II
Accounting Manager
$102,083
$84,707 No related comp$17,376

Benchmark Employee Compensation

Non-Employee Board Members

David Bryant
Director
Jimmie Cole
Vice Chair
John Liss
Director
Joseph Cusenza
Chair
Kenneth Jurinic
Secretary
Michael Wagner
Director
Nicole Didia
Treasurer
Robert Gowatch
Director

Contractors

Cooperative Financial Services
ATM and Shared Branching
$302,759
Corelation Inc.
Core Software
$216,757
Kasasa
Consulting
$174,418

Mission Statement

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

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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Other organizations also named The Local Credit Union

United Local Credit Union
Fresno, California