Mission
To provide members with quality, comprehensive and cost effective financial services.
Executive compensation, broken down
Form 990 · Schedule J · 11 reported individuals · Filing year 2024
Chief Executive Officer
$2M
$2.2M
- Base
- $1M
- Bonus
- $50k
- Other
- $855k
- Benefits
- $43k
Executive Vice President
executive vice president
$575k
$607k
- Base
- $374k
- Bonus
- $51k
- Other
- $66k
- Benefits
- $34k
Vice President
vice president
$412k
$435k
- Base
- $299k
- Bonus
- $45k
- Other
- $868
- Benefits
- $17k
Chief Financial Officer
$379k
$400k
- Base
- $264k
- Bonus
- $38k
- Other
- $3k
- Benefits
- $30k
Branch Manager
key employee
$242k
$255k
- Base
- $179k
- Bonus
- $10k
- Other
- $406
- Benefits
- $29k
Executive Assistant
highest compensated employee
$233k
$246k
- Base
- $162k
- Bonus
- $20k
- Other
- $160
- Benefits
- $28k
Marketing Supervisor
key employee
$206k
$218k
- Base
- $160k
- Bonus
- $4k
- Other
- $676
- Benefits
- $21k
Branch Manager
highest compensated employee
$190k
$200k
- Base
- $140k
- Bonus
- $6k
- Other
- $573
- Benefits
- $26k
Digital Services Manager
highest compensated employee
$185k
$195k
- Base
- $131k
- Bonus
- $10k
- Other
- $110
- Benefits
- $26k
Branch Manager
highest compensated employee
$180k
$190k
- Base
- $130k
- Bonus
- $6k
- Other
- $187
- Benefits
- $27k
Branch Manager
highest compensated employee
$172k
$181k
- Base
- $125k
- Bonus
- $6k
- Other
- $176
- Benefits
- $25k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer | $1M | $50k | $855k | $43k | $2M $2.2M |
Executive Vice President executive vice president | $374k | $51k | $66k | $34k | $575k $607k |
Vice President vice president | $299k | $45k | $868 | $17k | $412k $435k |
Chief Financial Officer | $264k | $38k | $3k | $30k | $379k $400k |
Branch Manager key employee | $179k | $10k | $406 | $29k | $242k $255k |
Executive Assistant highest compensated employee | $162k | $20k | $160 | $28k | $233k $246k |
Marketing Supervisor key employee | $160k | $4k | $676 | $21k | $206k $218k |
Branch Manager highest compensated employee | $140k | $6k | $573 | $26k | $190k $200k |
Digital Services Manager highest compensated employee | $131k | $10k | $110 | $26k | $185k $195k |
Branch Manager highest compensated employee | $130k | $6k | $187 | $27k | $180k $190k |
Branch Manager highest compensated employee | $125k | $6k | $176 | $25k | $172k $181k |
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 10 unpaid individuals.
Up 2%
from 2023
From $2M in 2023 to $2M in 2024.
$2M
2023
$2M
2024
$2M
2023
$2M
2024
In today's dollarsEst.
Down 1% in real terms$2.2M to $2.2M
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
MICHIGAN EDUCATIONAL CREDIT UNION reported revenue and expenses across 2 filing years.
RevenueExpenses
$34.6M
$31.1M
2023
$39M
$35.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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