Mission
TO BE THE ONLY FINANCIAL INSTITUTION FOR OUR MEMBERS.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
Chief Data Analytics Offic
key employee
$794k
$838k
- Base
- $281k
- Bonus
- $15k
- Other
- $400k
- Benefits
- $18k
Chief Executive Officer
$716k
$756k
- Base
- $602k
- Bonus
- $55k
- Other
- $16k
- Benefits
- $24k
Chief Mortgage Officer
key employee
$565k
$597k
- Base
- $269k
- Bonus
- $225k
- Other
- —
- Benefits
- $22k
Chief Human Resources Offi
key employee
$473k
$499k
- Base
- $349k
- Bonus
- $8k
- Other
- —
- Benefits
- $8k
Chief Information Officer
chief information officer
$444k
$469k
- Base
- $340k
- Bonus
- $15k
- Other
- $6k
- Benefits
- $1k
Chief Lending Officer
key employee
$401k
$423k
- Base
- $308k
- Bonus
- $13k
- Other
- —
- Benefits
- $24k
Mortgage Loan Officer
highest compensated employee
$398k
$420k
- Base
- $98k
- Bonus
- $267k
- Other
- —
- Benefits
- $21k
Chief Financial Officer
$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
$304k
$321k
- Base
- $93k
- Bonus
- $170k
- Other
- —
- Benefits
- $27k
Avp, Mortgage Operations
key employee
$278k
$294k
- Base
- $241k
- Bonus
- $4k
- Other
- —
- Benefits
- $21k
Sr. Director of IT Service Del
chief information officer
$276k
$292k
- Base
- $237k
- Bonus
- $6k
- Other
- —
- Benefits
- $21k
Mortgage Loan Officer
highest compensated employee
$227k
$240k
- Base
- $94k
- Bonus
- $99k
- Other
- —
- Benefits
- $24k
Sr Software Engineering Manager
highest compensated employee
$219k
$231k
- Base
- $190k
- Bonus
- $3k
- Other
- —
- Benefits
- $18k
Avp, Payment Solutions
highest compensated employee
$197k
$208k
- Base
- $159k
- Bonus
- $6k
- Other
- —
- Benefits
- $24k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Data Analytics Offic key employee | $281k | $15k | $400k | $18k | $794k $838k |
Chief Executive Officer | $602k | $55k | $16k | $24k | $716k $756k |
Chief Mortgage Officer key employee | $269k | $225k | — | $22k | $565k $597k |
Chief Human Resources Offi key employee | $349k | $8k | — | $8k | $473k $499k |
Chief Information Officer chief information officer | $340k | $15k | $6k | $1k | $444k $469k |
Chief Lending Officer key employee | $308k | $13k | — | $24k | $401k $423k |
Mortgage Loan Officer highest compensated employee | $98k | $267k | — | $21k | $398k $420k |
Chief Financial Officer | $303k | $13k | — | $20k | $386k $407k |
Chief Marketing Officer officer (unspecified) | $310k | $14k | $420 | $598 | $377k $398k |
Chief Operations Officer officer (unspecified) | $272k | $15k | — | $5k | $305k $322k |
Mortgage Loan Officer highest compensated employee | $93k | $170k | — | $27k | $304k $321k |
Avp, Mortgage Operations key employee | $241k | $4k | — | $21k | $278k $294k |
Sr. Director of IT Service Del chief information officer | $237k | $6k | — | $21k | $276k $292k |
Mortgage Loan Officer highest compensated employee | $94k | $99k | — | $24k | $227k $240k |
Sr Software Engineering Manager highest compensated employee | $190k | $3k | — | $18k | $219k $231k |
Avp, Payment Solutions highest compensated employee | $159k | $6k | — | $24k | $197k $208k |
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
$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.
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.
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