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Filing year 2024

LAFCU

Lansing, Michigan·EIN 38-0893210·14
Total revenue
$177.5M
Total assets
$1.1B
Total expenses
$69.5M
Reported officers
16
Mission

WHILE PROMOTING THE CREDIT UNION PHILOSOPHY, WE ARE COMMITTED TO PROVIDING FINANCIAL SERVICES FOR THE CHANGING NEEDS OF OUR MEMBERS AND HELPING THEM OBTAIN PERSONAL FINANCIAL SECURITY.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

Base
$836k
Bonus
$531k
Other
$300
Benefits
$36k
Svp/coo
key employee
$338k
$364k
Base
$258k
Bonus
$14k
Other
$360
Benefits
$27k
Chief Marketing Ofcr./chie
key employee
$322k
$347k
Base
$247k
Bonus
$17k
Other
$242
Benefits
$21k
Chief Lending Officer
highest compensated employee
$247k
$266k
Base
$181k
Bonus
$12k
Other
$245
Benefits
$27k
Chief Technology Officer
highest compensated employee
$235k
$253k
Base
$187k
Bonus
$12k
Other
Benefits
$9k
Base
$178k
Bonus
$12k
Other
$523
Benefits
$9k
VP of Cards
vice president
$178k
$192k
Base
$141k
Bonus
$6k
Other
$500
Benefits
$10k
Corporate Strategist
highest compensated employee
$174k
$187k
Base
$140k
Bonus
$4k
Other
$328
Benefits
$9k
Executive Implementation Officer
highest compensated employee
$161k
$174k
Base
$131k
Bonus
$9k
Other
$118
Benefits
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 160%
from 2023

From $566k in 2023 to $1.5M in 2024.

$566k
2023
$1.5M
2024
In today's dollarsEst.
Up 153% in real terms$626k to $1.6M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 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

LAFCU reported revenue and expenses across 2 filing years.

RevenueExpenses
$64.5M
$57.2M
2023
$177.5M
$69.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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