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Nonprofit · EIN 38-0893210

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

Also known as 1197 LAFCU

Tax-exempt · LANSING, MI 48917

Financials

$64.5M$57.2M2023$177.5M$69.5M2024
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$177,489,649$69,496,099$107,993,550$1,129,173,408$915,774,042$213,399,366
December 31, 2023990$64,543,625$57,206,143$7,337,482$1,029,416,440$924,112,202$105,304,238
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$63,270,823
Investment income
$10,181,207
Other revenue
$104,037,619

Expenses

Grants and similar amounts paid
$5,467,775
Compensation of officers, directors and key employees
$2,358,191
Other salaries and wages
$12,625,355
Salaries, compensation and benefits (total)
$20,342,535
Professional fundraising fees
$0
Legal fees
$26,235
Accounting fees
$288,356
Occupancy
$485,356
Travel
$264,396
Depreciation
$1,616,301

Balance sheet and other

Total assets, start of year
$1,029,416,440
Total assets, end of year
$1,129,173,408
Total liabilities, end of year
$915,774,042
Net assets, end of year
$213,399,366
Land, buildings and equipment
$20,912,601
Publicly traded securities
$98,888,847
Gross unrelated business income
$620,995
Gross receipts
$177,489,649
Employees
222
Volunteers
16
Year formed
1936
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PATRICK SPYKECEO
Officer
40$1,368,082$104,845
ROBYN HOWELLSVP/COO
Key employee
40$273,116$65,225
KELLI ELLSWORTH-ETCHISONCHIEF MARKETING OFCR./CHIE
Key employee
40$263,934$58,378
JASON SMITHCHIEF LENDING OFFICER
Highest-paid employee
40$192,806$54,406
EMILY JANNERETHCHIEF TECHNOLOGY OFFICER
Highest-paid employee
40$199,307$35,694
LESLIE RORIECFO
Officer
40$190,593$34,018
AMY ADAMVP OF CARDS
Highest-paid employee
40$147,252$31,132
STEPHEN SCHMITTCORPORATE STRATEGIST
Highest-paid employee
40$144,577$29,667
KIMBERLY AUSTINEXECUTIVE IMPLEMENTATION OFFICER
Highest-paid employee
40$140,781$20,596
MELVIN PLACEBOD VICE-PRESIDENT
Trustee or director
3$0$0
TOM MARTINSONBOD TREASURER
Trustee or director
3$0$0
TOM CULPEPPERBOD SECRETARY
Trustee or director
3$0$0
JERE AUVENSHINEBOD MEMBER
Trustee or director
3$0$0
PAULETTE WARRENBOD MEMBER
Trustee or director
3$0$0
RANDY FREEMANBOD PRESIDENT
Trustee or director
3$0$0
1 more people on this return
NameTitleHours / weekCompensation
MELVIN COLEMANBOD MEMBER
Trustee or director
3$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
PATRICK SPYKECEO
Officer
40$473,374$92,926
KELLI ELLSWORTH-ETCHISONCHIEF MARKETING OFCR./CHIE
Key employee
40$255,966$56,602
ROBYN HOWELLSVP/COO
Key employee
40$211,273$56,101
JASON SMITHCHIEF LENDING OFFICER
Highest-paid employee
40$177,075$51,598
EMILY JANNERETHCHIEF TECHNOLOGY OFFICER
Highest-paid employee
40$182,888$33,613
ANGELA RUZINSKYCHIEF MEMBERSHIP OFFICER
Highest-paid employee
40$170,101$44,441
LESLIE RORIECFO
Officer
40$164,654$30,526
AHMED ISSAWIIT MANAGER
Highest-paid employee
40$153,408$23,390
KIMBERLY AUSTINDIRECTOR OF COLLECTIONS
Highest-paid employee
40$140,148$21,179
HAROLD FOSTERBOD PRESIDENT(UNTIL FEBRUARY 2023)
Trustee or director
3$0$0
MELVIN PLACEBOD VICE-PRESIDENT
Trustee or director
3$0$0
TOM MARTINSONBOD TREASURER
Trustee or director
3$0$0
TOM CULPEPPERBOD SECRETARY
Trustee or director
3$0$0
JERE AUVENSHINEBOD MEMBER
Trustee or director
3$0$0
PAULETTE WARRENBOD MEMBER
Trustee or director
3$0$0
RANDY FREEMANBOD PRESIDENT(EFFECTIVE MARCH 2023)
Trustee or director
3$0$0
MELVIN COLEMANBOD MEMBER
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
106 N MARKETPLACE BLVD, LANSING, MI 48917-7753
Principal officer (990 for 2024)
PATRICK SPYKE, 106 N MARKETPLACE BOULEVARD, LANSING, MI 48917
Signed the 990
LESLIE RORIE, CFO
Phone
(517) 622-6600
Return prepared by
DOEREN MAYHEW

Mission

WHILE PROMOTING THE CREDIT UNION PHILOSOPHY, WE ARE COMMITTED TO PROVIDING FINANCIAL SERVICES FOR THE CHANGING NEEDS OF OUR MEMBERS AND HELPING THEM OBTAIN PERSONAL FINANCIAL SECURITY.

990 for the year ended December 31, 2024

Program accomplishments

  • SAVINGS PRODUCTS - PRIMARY MEMBER SERVICE STAFF/50% BRANCH OPERATIONS/CONTACT CENTER
  • LENDING PRODUCTS - LOAN STAFFING AND SUPPORT SERVICES, COLLECTION STAFFING.
  • CASH OPERATIONS - 50% BRANCH OPERATIONS, SUPPORT SERVICES - ACCOUNTING.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-0893210
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1956
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,129,173,408
Income (IRS master file)
$177,489,649

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$177,489,649$69,496,099$1,129,173,408XML
990December 2023$64,543,625$57,206,143$1,029,416,440XML
990December 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-0893210).

Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN

What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-0893210.
Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The 990 for the year ended December 31, 2024 names PATRICK SPYKE.
Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
The 990 for the year ended December 31, 2024 lists 16 people; 9 received compensation from the organization, the highest $1,368,082 (PATRICK SPYKE, CEO).
How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $177,489,649, expenses of $69,496,099 and total assets of $1,129,173,408 at year end.

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