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Filing year 2024

MICHIGAN FIRST CREDIT UNION

Lathrup Village, Michigan·EIN 38-0481580·501(c)(14)
Total revenue
$136.4M
Total assets
$1.5B
Total expenses
$119.5M
Reported officers
25
Mission

TO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

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

Chief Data Analytics Offic
Key Employee
Above 90th percentile
$794k
$838k
Base
$281k
Bonus
$15k
Other
$400k
Benefits
$18k
Chief Executive Officer
Above 90th percentile
$716k
$756k
Base
$602k
Bonus
$55k
Other
$16k
Benefits
$24k
Chief Mortgage Officer
Key Employee
Above 90th percentile
$565k
$597k
Base
$269k
Bonus
$225k
Other
Benefits
$22k
Chief Human Resources Offi
Key Employee
Above 90th percentile
$473k
$499k
Base
$349k
Bonus
$8k
Other
Benefits
$8k
Chief Information Officer
75th to 90th percentile
$444k
$469k
Base
$340k
Bonus
$15k
Other
$6k
Benefits
$1k
Chief Lending Officer
Key Employee
Above 90th percentile
$401k
$423k
Base
$308k
Bonus
$13k
Other
Benefits
$24k
Mortgage Loan Officer
Highest Compensated Employee
Above 90th percentile
$398k
$420k
Base
$98k
Bonus
$267k
Other
Benefits
$21k
Chief Financial Officer
Above 90th percentile
$386k
$407k
Base
$303k
Bonus
$13k
Other
Benefits
$20k
Chief Marketing Officer
Officer (Unspecified)
$377k
$398k
Base
$310k
Bonus
$14k
Other
$420
Benefits
$598
Chief Operations Officer
Officer (Unspecified)
$305k
$322k
Base
$272k
Bonus
$15k
Other
Benefits
$5k
Mortgage Loan Officer
Highest Compensated Employee
75th to 90th percentile
$304k
$321k
Base
$93k
Bonus
$170k
Other
Benefits
$27k
Avp, Mortgage Operations
Key Employee
75th to 90th percentile
$278k
$294k
Base
$241k
Bonus
$4k
Other
Benefits
$21k
Sr. Director of IT Service Del
Chief Information Officer
75th to 90th percentile
$276k
$292k
Base
$237k
Bonus
$6k
Other
Benefits
$21k
Mortgage Loan Officer
Highest Compensated Employee
Median to 75th percentile
$227k
$240k
Base
$94k
Bonus
$99k
Other
Benefits
$24k
Sr Software Engineering Manager
Highest Compensated Employee
Median to 75th percentile
$219k
$231k
Base
$190k
Bonus
$3k
Other
Benefits
$18k
Avp, Payment Solutions
Highest Compensated Employee
Median to 75th percentile
$197k
$208k
Base
$159k
Bonus
$6k
Other
Benefits
$24k

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 9 unpaid individuals.

Up 11%
from 2023

From $718k in 2023 to $794k in 2024.

$718k
2023
$794k
2024
In today's dollarsEst.
Up 7% in real terms$781k to $838k

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

Key Employee pay rose 11% from 2023 to 2024, while revenue rose 10%.

$718k in 2023 to $794k in 2024.
  • Chief Executive Officer pay rose 11% from 2023 to 2024.
  • Chief Information Officer 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

MICHIGAN FIRST CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$123.6M
$106.2M
2023
$136.4M
$119.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MICHIGAN FIRST CREDIT UNION

What does the Key Employee of MICHIGAN FIRST CREDIT UNION earn?

In 2024, the Key Employee of MICHIGAN FIRST CREDIT UNION received $793,841 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at MICHIGAN FIRST CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at MICHIGAN FIRST CREDIT UNION falls in the top 10%.

What are MICHIGAN FIRST CREDIT UNION's revenue and expenses?

In 2024, MICHIGAN FIRST CREDIT UNION reported $136.4M in total revenue and $119.5M in total expenses on its IRS Form 990.

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