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Filing year 2024

GREAT LAKES CREDIT UNION

Bannockburn, Illinois·EIN 36-1163912·501(c)(14)
Total revenue
$80.7M
Total assets
$1.5B
Total expenses
$83.8M
Reported officers
22
Mission

TO OFFER PRODUCTS AND SERVICES FOR OUR MEMBERS TO ACHIEVE THEIR FINANCIAL GOALS. WE WILL BUILD VALUED RELATIONSHIPS, ONE MEMBER AT A TIME.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

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

President/ceo
Above 90th percentile
$736k
$788k
Base
$518k
Bonus
$162k
Other
$5k
Benefits
$21k
Chief Financial Officer
Above 90th percentile
$364k
$390k
Base
$280k
Bonus
$21k
Other
$13k
Benefits
$27k
Chief Administrative Officer
Officer (Unspecified)
$323k
$346k
Base
$252k
Bonus
$19k
Other
$6k
Benefits
$23k
Chief Experience Officer
Officer (Unspecified)
$311k
$333k
Base
$238k
Bonus
$18k
Other
$6k
Benefits
$27k
Chief Lending Officer
Officer (Unspecified)
$304k
$325k
Base
$248k
Bonus
$18k
Other
$7k
Benefits
$9k
Chief Operations Officer
Officer (Unspecified)
$300k
$322k
Base
$236k
Bonus
$18k
Other
$6k
Benefits
$27k
Senior Vice President - Ac
Senior Vice President
Median to 75th percentile
$245k
$263k
Base
$215k
Bonus
$17k
Other
$2k
Benefits
$9k
VP Commercial Lending
Board Vice President
75th to 90th percentile
$231k
$247k
Base
$179k
Bonus
$16k
Other
$2k
Benefits
$12k
SVP Enterprise Risk Manage
Senior Vice President
Median to 75th percentile
$230k
$246k
Base
$193k
Bonus
$16k
Other
$2k
Benefits
$9k
VP of Human Resources & or
Board Vice President
Median to 75th percentile
$197k
$211k
Base
$139k
Bonus
$13k
Other
$1k
Benefits
$27k
Manager IT
IT Manager
Median to 75th percentile
$168k
$180k
Base
$136k
Bonus
$9k
Other
$2k
Benefits
Chief Strategy Officer
Officer (Unspecified)
$140k
$150k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 20%
from 2023

From $613k in 2023 to $736k in 2024.

$613k
2023
$736k
2024
In today's dollarsEst.
Up 16% in real terms$679k to $788k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 20% from 2023 to 2024, while revenue rose 25%.

$613k in 2023 to $736k in 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.
  • Senior Vice President pay rose 6% 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

GREAT LAKES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$64.8M
$62.1M
2023
$80.7M
$83.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GREAT LAKES CREDIT UNION

What does the Chief Executive Officer of GREAT LAKES CREDIT UNION earn?

In 2024, the Chief Executive Officer of GREAT LAKES CREDIT UNION received $735,702 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 GREAT LAKES 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 GREAT LAKES CREDIT UNION falls in the top 10%.

What are GREAT LAKES CREDIT UNION's revenue and expenses?

In 2024, GREAT LAKES CREDIT UNION reported $80.7M in total revenue and $83.8M in total expenses on its IRS Form 990.

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