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
Presidentceo
$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
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Presidentceo | $214k | — | — | $30k | $260k $275k |
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
$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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