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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION

Brighton, Michigan·EIN 38-1250516·14
Total revenue
$146.4M
Total assets
$2.6B
Total expenses
$135.2M
Reported officers
20
Mission

MEMBERS WILL UNDERSTAND AND EXPERIENCE THE BENEFITS OF A CREDIT UNION RELATIONSHIP AT A COST JUSTIFIED BY THE RESULTS. MEMBERS HAVE THE CAPABILITY TO EXERCISE CONTROL OVER THEIR FINANCIAL LIVES WHILE SHARING IN THE SUCCESS OF THE ORGANIZATION. (CONT'D ON SCH. O)MEMBERS EXPERIENCE REWARDS OF A MUTUALLY BENEFICIAL RELATIONSHIP BASED ON ADVOCACY AND TRUST RESULTING IN TRUST AND LOYALTY. MEMBERS VALUE THE LINK BETWEEN THEIR BENEFITS AND THEIR OWNERSHIP.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

CEO and President
$1.4M
$1.5M
Base
$800k
Bonus
$177k
Other
$26k
Benefits
$24k
EVP Chief Financial Officer
$356k
$375k
Base
$276k
Bonus
$26k
Other
$15k
Benefits
$25k
EVP Chief Info & Ops Officer
$323k
$341k
Base
$281k
Bonus
$5k
Other
$1k
Benefits
$22k
EVP Chief Strategy Officer
$317k
$335k
Base
$248k
Bonus
Other
$49k
Benefits
$10k
EVP General Counsel Cro
executive vice president
$307k
$324k
Base
$256k
Bonus
$10k
Other
$600
Benefits
$26k
EVP Chief Member Experience Officer
$293k
$310k
Base
$251k
Bonus
$16k
Other
$4k
Benefits
$9k
EVP Chief Lending Officer
$286k
$302k
Base
$248k
Bonus
$2k
Other
$900
Benefits
$23k
EVP Chief People & Purpose Officer
$274k
$290k
Base
$227k
Bonus
$24k
Other
$900
Benefits
$10k
Director
board member
$12k
$12k
Secretary
officer (unspecified)
$11k
$12k
Director
board member
$7k
$8k
Director
board member
$5k
$6k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Chairperson
board chair
$1k
$1k
Director
board member
$675
$713

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Up 5%
from 2023

From $1.3M in 2023 to $1.4M in 2024.

$1.3M
2023
$1.4M
2024
In today's dollarsEst.
Up 2% in real terms$1.4M to $1.5M

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$121.9M
$111.8M
2023
$146.4M
$135.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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