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Filing year 2024

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

Brighton, Michigan·EIN 38-1250516·501(c)(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 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO and President
Above 90th percentile
$1.4M
$1.5M
Base
$800k
Bonus
$177k
Other
$26k
Benefits
$24k
EVP Chief Financial Officer
Above 90th percentile
$356k
$375k
Base
$276k
Bonus
$26k
Other
$15k
Benefits
$25k
EVP Chief Info & Ops Officer
Above 90th percentile
$323k
$341k
Base
$281k
Bonus
$5k
Other
$1k
Benefits
$22k
EVP Chief Strategy Officer
Above 90th percentile
$317k
$335k
Base
$248k
Bonus
Other
$49k
Benefits
$10k
EVP General Counsel Cro
Executive Vice President
Median to 75th percentile
$307k
$324k
Base
$256k
Bonus
$10k
Other
$600
Benefits
$26k
EVP Chief Member Experience Officer
75th to 90th percentile
$293k
$310k
Base
$251k
Bonus
$16k
Other
$4k
Benefits
$9k
EVP Chief Lending Officer
75th to 90th percentile
$286k
$302k
Base
$248k
Bonus
$2k
Other
$900
Benefits
$23k
EVP Chief People & Purpose Officer
75th to 90th percentile
$274k
$290k
Base
$227k
Bonus
$24k
Other
$900
Benefits
$10k
Director
Board Member
25th percentile to median
$12k
$12k
Secretary
Officer (Unspecified)
$11k
$12k
Director
Board Member
25th percentile to median
$7k
$8k
Director
Board Member
25th percentile to median
$5k
$6k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
Chairperson
Board Chair
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$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.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 20%.

$1.3M in 2023 to $1.4M in 2024.
  • Executive Vice President pay rose 9% from 2023 to 2024.
  • Board Member pay rose 66% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION

What does the Chief Executive Officer of CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION earn?

In 2024, the Chief Executive Officer of CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION received $1,392,234 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION falls in the top 10%.

What are CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION's revenue and expenses?

In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION reported $146.4M in total revenue and $135.2M in total expenses on its IRS Form 990.

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