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Filing year 2024

THE LOCAL CREDIT UNION

Sterling Heights, Michigan·EIN 38-1406340·14
Total revenue
$5.7M
Total assets
$102.9M
Total expenses
$5.4M
Reported officers
11
Mission

TO PROVIDE OUR MEMBERS WITH AN INNOVATIVE AND QUALITY FULL SERVICE FINANCIAL SYSTEM.

Executive compensation, broken down

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

$260k
$275k
Base
$214k
Bonus
Other
Benefits
$30k
VP Retail Operations
vice president
$131k
$138k
Lending Manager
officer (unspecified)
$115k
$122k
Accounting Manager
officer (unspecified)
$105k
$110k

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 7 unpaid individuals.

Up 3%
from 2023

From $253k in 2023 to $260k in 2024.

$253k
2023
$260k
2024
In today's dollarsEst.
Roughly flat in real terms$275k to $275k

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

THE LOCAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.2M
$5.1M
2023
$5.7M
$5.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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