WE OFFER A COMMITTMENT TO OUR MEMBERS TO PROVIDE QUALITY FINANCIAL SERVICES IN A FRIENDLY MANNER WITH SOUND PROFESSIONAL LEADERSHIP.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $246k
- Bonus
- $46k
- Other
- $10k
- Benefits
- $27k
- Base
- $172k
- Bonus
- $23k
- Other
- $30k
- Benefits
- $26k
- Base
- $141k
- Bonus
- $14k
- Other
- $32k
- Benefits
- $27k
- Base
- $152k
- Bonus
- $14k
- Other
- $21k
- Benefits
- $20k
- Base
- $153k
- Bonus
- $12k
- Other
- $748
- Benefits
- $25k
- Base
- $39k
- Bonus
- $117k
- Other
- $10k
- Benefits
- $19k
- Base
- $132k
- Bonus
- $9k
- Other
- $11k
- Benefits
- $12k
- Base
- $130k
- Bonus
- $10k
- Other
- $4k
- Benefits
- $2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentile | $246k | $46k | $10k | $27k | $344k $363k |
Senior EVP Executive Vice President Median to 75th percentile | $172k | $23k | $30k | $26k | $261k $276k |
EVP Operations and Technology Executive Vice President Median to 75th percentile | $141k | $14k | $32k | $27k | $243k $256k |
EVP Finance Executive Vice President Median to 75th percentile | $152k | $14k | $21k | $20k | $216k $228k |
VP & Chief Information Officer Chief Information Officer Median to 75th percentile | $153k | $12k | $748 | $25k | $198k $209k |
VP of Real Estate Lending Board Vice President Median to 75th percentile | $39k | $117k | $10k | $19k | $193k $203k |
VP & Chief Marketing/digital Banking Officer Board Vice President Median to 75th percentile | $132k | $9k | $11k | $12k | $171k $181k |
VP & Chief Financial Officer Median to 75th percentile | $130k | $10k | $4k | $2k | $154k $162k |
VP & Chief Lending Officer Board Vice President Median to 75th percentile | — | — | — | — | $143k $151k |
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 12 unpaid individuals.
Down 1%
from 2023
From $348k in 2023 to $344k in 2024.
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.
Chief Executive Officer pay fell 1% from 2023 to 2024, while revenue rose 18%.
- Executive Vice President pay fell 2% from 2023 to 2024.
- Chief Information Officer pay rose 5% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
LOC CREDIT UNION reported revenue and expenses across 2 filing years.
Common questions about LOC CREDIT UNION
What does the Chief Executive Officer of LOC CREDIT UNION earn?
In 2024, the Chief Executive Officer of LOC CREDIT UNION received $344,037 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 LOC 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 LOC CREDIT UNION falls in the top 10%.
What are LOC CREDIT UNION's revenue and expenses?
In 2024, LOC CREDIT UNION reported $22.2M in total revenue and $18.4M in total expenses on its IRS Form 990.
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